Form P.s.1 - Public Service Corporation Franchise Tax Return - 2000

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2000
Form P.S.1
Massachusetts
Public Service Corporation
Department of
Franchise Tax Return
Revenue
For calendar year 2000 or taxable year beginning
, 2000 and ending
Name of corporation
Federal Identification number
Principal business address
Department of Revenue use only
Name of Treasurer/Assistant Treasurer/Responsible Corporate Officer
State of incorporation
Check type of utility:
Date of organization
0170 Gas and electric
0173 Telephone
0176 Gas transmission
0171 Street railway
0174 Power
0177 Aqueduct
0172 Railroad
0175 Water
Has the Federal Government changed your taxable income for any prior year which has not yet been reported to Massachusetts?
Yes
No.
If “Yes,” report such change on Form CA-6, Application for Abatement/Amended Return, within three months after the final federal determination.
and attach Form AA-1. ❿!(See instructions.)
If requesting alternative apportionment under MGL Ch. 63, sec. 42, check here
Computation of Franchise Tax
Use whole dollar method
All amounts must be properly entered on all forms. Failure will result in a penalty assessment. Attachments are not sufficient compliance.
11 Net income as shown on U.S. Form 1120, line 28 or U.S. Form 1120A, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 1
$
12 State and municipal bond interest not included in U.S. net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 2
13 Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income . . . . . . . . . . . . . . . . ❿ 3
14 Portion of net capital loss carryover used to reduce capital gain from U.S. Schedule D . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 4
15 All other income not included in lines 1 and 2 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 5
16 Total. Add lines 1, 2, 3, 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
17a Dividends received from other utility corporations 80% or more owned included in line 1 (from Schedule N) . . . . . . . . . . . ❿ 7a
× .10 . . . . . . . . ❿ 7b
17b Abandoned Building Renovation Deduction. . . . . . . . . . . . . . . . . . . . Total cost ❿ $ ________________
18 Adjusted income. Subtract lines 7a and 7b from line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
19 Income apportionment percentage (from Schedule O, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 9
%
10 Taxable income. Multiply line 8 by line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Excise due before credits and voluntary contribution (6.5% of line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Economic Opportunity Area Credit (Schedule EOA, line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 12
13 Full Employment Credit (Schedule FEC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 13
14 Subtotal. Subtract the total of lines 12 and 13 from line 11. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Voluntary contribution for Endangered Wildlife Conservation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 15
16 Excise due plus voluntary contribution. Add lines 14 and 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 16
17 1999 overpayment applied to 2000 estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 17
$
18 2000 Massachusetts estimated tax payments (do not include amount from line 17) ❿ 18
19 Payments made with extension. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 19
20 Total payments. Add lines 17, 18 and 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21 Amount overpaid. Subtract line 16 from line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Amount overpaid to be credited to 2001 estimated tax . . . . . . . . . . . . . . . . . . . . . . . ❿ 22
23 Amount overpaid to be refunded. Subtract line 22 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 23
24 Balance due. Subtract line 20 from line 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
25 M-2220 penalty ❿ $______________________ ; Other penalties ❿ $ ______________________ . . . . . . . . Total penalty 25
26 Interest on unpaid balance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 26
27 Total payment due at time of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ❿ 27
Declaration
Under the penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which he/she has
knowledge.
Signature of appropriate corporate officer
Social Security number
Title
Date
Individual or firm signature of preparer
Employer Identification number
Address
Date
If you are signing as an authorized delegate of the appropriate corporate officer, check here
and attach Mass. Form M-2848, Power of Attorney.
Mail to: Mass. Department of Revenue, PO Box 7052, Boston, MA 02204. Make check or money order payable to the Commonwealth of Massachusetts.
Form code 385

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