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Pennsylvania Department of Revenue

Instructions for RCT-112

Gross Receipts Tax (GRT) Report - Electric, Hydro-Electric and Water Power Companies

RCT-112 I (04-16)

taxes. The coupons and the tax

for bad debts. The taxpayer must

GENERAL INFORMATION

report will no longer be mailed. These

provide detail of all adjustments,

forms are available as fill-in docu-

•

including tax type, amount, location

REMINDER

ments on the department’s website

and tax period.

All payments of $1,000 or more

The REV-

must be made electronically or by

Annual Report Checklist: Make sure

423 and REV-426 coupons can be

certified or cashier’s check remitted

you include the following to file your

filed electronically through e-TIDES

in person or by express mail courier.

•

annual report properly and completely:

•

However, electronic filing of the tax

Use ONLY whole dollars when

Negative amounts must be written

report is not available. The report

preparing tax reports.

•

using a minus sign preceding the

should be completed using the com-

PA sales for resale exemptions must

number. Do not use parentheses.

puter-based fill-in form, printed and

•

be reported on Page 3 of the report.

submitted by mail to the department.

Complete RCT-112, Gross Receipts

If additional pages are needed,

The form can be saved electronically

Tax Report – Electric, Hydro-Electric

please make a clean copy of Page 3

for your records.

•

and Water Power Companies

•

and complete.

•

For tax years beginning on or after

Copy of the FERC annual report

Taxpayers may request a 60-day

Jan. 1, 2011, taxpayers subject to

and/or PUC annual report

extension to file this report by filing

gross receipts tax must file the

•

Pennsylvania gross receipts tax

REV-426.

Copy of the federal income tax

report using the same method of

return as filed, or a pro-forma return

NOTE: The automatic PA

accounting used to file reports with

if a return is not required to be filed

extension provided by Act 52

the Federal Energy Regulatory

with the IRS

of 2013 to those with valid federal

•

Commission (FERC) or the Federal

extensions DOES NOT apply to this

Communications Commission (FCC).

Monthly schedule of receipts if the

tax.

If the taxpayer has no regulatory

•

taxpayer is a fiscal filer for federal

reporting requirement to FERC or

purposes (this schedule must cover

The penalty imposed for failure to

FCC, the taxpayer must file the

file timely reports is now a minimum

the two fiscal periods which include

Pennsylvania gross receipts tax

of $500, regardless of the deter-

the 12 calendar months reflected on

report using the same method of

mined tax liability, plus an additional

this report)

•

accounting used to file reports with

1 percent of any determined tax

the Pennsylvania Public Utility Com-

Detail of reconciliation if total

liability over $25,000.

•

mission (PUC). If the taxpayer has

receipts do not equal the amount

no regulatory reporting requirement

RCT-112 is available as a fill-in form

reported on the federal return

•

to FERC, FCC or PUC, the taxpayer

on the department’s website at

Detail of reconciliation if PA receipts

must file the Pennsylvania gross

Use ONLY

receipts tax report using the same

do not equal the amount of the sales

the most current, non-year-specific

method of accounting used to file the

factor apportionment reported on

tax form and instructions for filing

federal income tax return with the

the PA Corporate Net Income Tax

ALL years. If an amended report

Internal Revenue Service. If this re-

Report, RCT-101/106 or PA Sales

must be filed, taxpayers must

quires a taxpayer to change the

tax report or Schedule H of the

use the most current, non-year-

accounting method for reporting

PA20S/PA65

specific tax form, completing all

•

Pennsylvania gross receipts, see Tax

sections of the form. REV-1175,

Bulletin 2011-02 for the applicable

Detail of adjustment for PA bad

Schedule AR (explanation for

rules in reporting for the transition

debts

•

amending), must be included

year.

•

Detail of PA non-taxable receipts

when filing an amended report.

•

For tax years beginning on or after

Corporate officer’s signature on

One estimated payment coupon,

Jan. 1, 2011, taxpayers using the

REV-423, and one extension coupon,

Page 1 and preparer’s signature and

accrual method of accounting may

REV-426, will be used for all specialty

take an adjustment to PA receipts

PTIN on Page 2 (if applicable)

RCT-112

Instructions For Rct-112 - Gross Receipts Tax (Grt) Report - Electric, Hydro-Electric And Water Power Companies - Pennsylvania Department Of Revenue

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