Form Sls 450 - Revised State And Local Sales And Use Tax Return Page 2
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- EXEMPT TRANSACTIONS (See Separate Instructions)
SCHEDULE A
A) (
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A.
Food Net Taxable (add to Schedule B, Line 2).
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(B)
B. Sales made to vendors or other establishments for resale, and sales of items to be used in
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processing articles for sale. (Certificates of Resale must be retained by the Dealer.)
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(C)
Sales of items specifically exempt by State Law.
C.
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Sales to the Federal Government, the State of Tennessee & its political Subdivisions, &
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D.
(D)
sales to qualified institutions such as churches, nonprofit schools, hospitals, & orphanages.
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(E)
E. Merchandise voluntarily returned by the purchaser reported as sales on this or a previous
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return. Show on Schedule B, Line 2, any amount claimed on Schedule B, Line 4, of prior returns.
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exempt "Industrial Machinery" and exempt agricultural purchases
F. Sales of specifically
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(F)
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G.
Sales in Interstate Commerce (i.e., purchaser takes possession outside of Tennessee for use
or consumption outside TN; motor vehicles and trailers delivered out-of-state by dealers;
(G)
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motor vehicles and boats removed by non-resident customers within 3 days.
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H. Repossessions - Portion of unpaid principal balances in excess of $500 due on TPP
(H)
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repossessed from customers. Report same amount on Schedule B, Line 2.
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( I )
I.
Other- Enter deductions not included elsewhere in Schedule A. Include: sales not subject to
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full state rate such as industrial energy fuel and water, trade-ins, and cash discounts.
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(first Friday through following Sunday in August)
J.
(J)
Sales Tax Holiday
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K.
TOTAL - Add Lines A through J above. Enter here and on Page 1, Line 6.
(K)
- COMPUTATION OF LOCAL SALES AND USE TAX. NOTE: Use this schedule if
SCHEDULE B
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Local Taxable Sales do not equal State Taxable Sales. (See Separate Instructions.)
1.
Enter net taxable total - State. Enter the amount shown on Page 1, Line 7.
(1)
(1)
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2.
Adjustments (total of Schedule A, Line A and any applicable amounts in Lines E and H above).
(2)
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3. Total - Add Lines 1 and 2.
(3)
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Enter all amounts in excess of the single article tax base shown on Page 1, Line 10 of the return on each
4.
(4)
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single article sold or purchased which has been reported, but not deducted elsewhere on the return.
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5. Energy Fuel Sales - Enter all energy fuel sales taxed at the full state rate. Do not include sales subject to
(5)
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the reduced rate. See Schedule A, Line 1 and Schedule C, Line 5.
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6.
Other - Enter local tax deductions not included in Lines 4 and 5. Include taxable sales of specified digital
(6)
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products subject to 2.5% local tax rate, which are reported on Schedule C, Line 9.
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7. Net taxable total - Local - Add Lines 4, 5, and 6, subtract from Line 3.
(7)
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(8)
8. Local sales and use tax - Multiply line 7 by local tax rate - Enter here and on Page 1, Line 10.
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- COMPUTATION OF STATE SINGLE ARTICLE TAX AND SPECIAL RATES ON ENERGY
SCHEDULE C
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FUEL, WATER, AND SPECIFIED DIGITAL PRODUCTS (See Separate Instructions)
1.
Taxable Single Article Sales from $1,600 to $3,200
(1)
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2. STATE TAX - 2.75% of Line 1.
(2)
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3. WATER - Enter sales / purchases of water subject to industrial tax rate.
(3)
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IMPORTANT: See Schedule C, Line 8.
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(4)
STATE TAX - 1% of Line 3.
4.
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(5)
ENERGY FUELS - Enter all sales subject to industrial tax rate (Schedule A, Line I).
5.
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(6)
6. STATE TAX -1.5 % of Line 5.
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7. TOTAL - Add Lines 2, 4 and 6. Enter total here and on Page 1, Line 12.
(7)
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LOCAL COMPUTATION - Complete this section only if transactions are subject to local tax.
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8. WATER - Multiply sales/purchases of Water on Schedule C, Line 3 by 1/2 of 1% local industrial tax rate and
(8)
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enter.
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9. SPECIFIED DIGITAL PRODUCTS - Net taxable sales of specified digital products included in
(9)
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Schedule B, Line 6
. Multiply by 2.5% and enter here.
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10. LOCAL TAX - (Add tax calculations from Lines 8 and 9) - Enter here and on Page 1, Line 13, reverse side.
(10)
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Check appropriate box
If your account number is not preprinted on the front of the
and fill in number below:
return, enter your federal employer identification number (FEIN)
FEIN or SSN
or your Social Security number (SSN) in the spaces at the left:
Page Two
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