Looking for a New York State Tax Forms And Templates? Download it for free!

ST‑102 Quarterly Instructions

ST‑102‑I (3/07) Page 3 of 4

Column E — Tax rate

• Credit for state tax and some local taxes paid on certain

construction materials in empire zones (EZ) (see Publication 30, A

If necessary, enter the rate that applies to each jurisdiction entered

Guide to Sales and Use Tax Incentives within Empire Zones).

in Column A. These rates are listed next to the jurisdictions

• Credit for additional tax paid on property incorporated into realty

on page 2 of Form ST‑102. The tax rate is preprinted for any

according to a preexisting lump‑sum or unit price contract, where

jurisdictions that were preprinted on your Form ST‑102.

the additional tax is the result of a rate increase.

Column F — Sales and use taxes due

Note: Form AU‑11, Application for Credit or Refund of Sales or Use

Tax, should also be filed for any of these transactions.

For each jurisdiction listed, add the amounts in Columns C and D,

then multiply the total by the tax rate in Column E, one row at a

Advance payments

time. Enter the results in Column F. (C + D) x E = F.

Enter the total amount of any advance payments made to the Tax

Note: You must remit with your return any amount collected as tax

Department that were reported on and paid with Form ST‑330,

even if the amount collected is in excess of the actual tax due.

Sales Tax Record of Advance Payment.

Column subtotals and totals

Total tax credits and advance payments

Add Column C and enter amount in box 2.

Add Column K and enter the amount in box 9.

Add Column D and enter amount in box 3.

Add Column F and enter amount in box 4.

STEP 4

Add the amounts in Step 1, D and E, to these Column subtotals,

and enter the amounts in boxes 5, 6, and 7, Column totals.

Calculate vendor collection credit or pay penalty and interest

STEP 2

Vendor collection credit

The Tax Law provides you with a credit for your collection of sales

Calculate special taxes due

tax from your customers. The maximum vendor collection credit you

may claim on your return is $200.

Compute the special taxes due on passenger car rentals and on

information and entertainment services furnished via telephony and

You can receive this credit only if you file your return on time and

telegraphy. Multiply the taxable receipts (Column G) by 5%. Enter

pay the full amount due. If you file late or do not pay the full amount

the totals in Column J.

due, you cannot claim this credit, and you are liable for penalty,

interest, or both (see

). Enter 0 in box 10 and go to box 11.

Add the two lines in Column J and enter the total in box 8.

If you qualify, calculate your vendor collection credit in Step 4. If the

result is less than $200, enter the result in box 10.

STEP 3

If the result is equal to or more than $200, enter only $200 in

box 10.

Calculate tax credits and advance payments

Determine penalty and interest

Credit for prepaid sales tax on cigarettes

If you are filing your return late or not paying the full amount due,

Enter your credit for prepaid sales tax on cigarettes in Column K.

or both, you owe penalty and interest, and cannot claim a vendor

collection credit. Penalty and interest are calculated on the amount

Credits against sales or use tax

of tax due. To calculate this amount, add box 7 amount to box 8

amount and subtract box 9 amount. The minimum penalty for

Credits must be substantiated by attaching a statement and

late filing is $50. For penalty information, see Penalty computation

any other supporting documentation explaining the basis for credit

below. Interest is due on any late payment or underpayment and

claimed.

accrues from the due date of the return to the date the tax is paid.

Interest rates are compounded daily and adjusted quarterly.

Enter the total amount of other credits or refund of sales tax

claimed (excluding the vendor collection credit). You must keep

You can estimate your penalty and interest by visiting our Web site

records to validate all credits and refunds claimed, and attach to

and clicking on Electronic Services, or you may call the Sales Tax

your return the forms or explanations that verify them. Do not enter

Information Center to have a Tax Department representative estimate

any credits that were claimed on jurisdiction lines in Step 1.

your penalty and interest for you (see Need help? on page 4). Enter

this amount in box 11.

Credits that may be claimed in Step 3 include:

Penalty computation

• Credit for sales tax paid against additional tax on purchases

reported in Column D (included are credits for taxes paid in another

• For failure to file a return on time with no tax due, the penalty is $50.

jurisdiction in New York State or to another state).

• For failure to file a return on time with tax due, the penalty is:

Example: You purchased tangible personal property in a jurisdiction

For 1‑60 days late, 10% (.1) of the tax due for the first month

with a 6% tax rate; you later use this property at your business

plus 1% (.01) of the tax due for each month thereafter, but in no

located in a jurisdiction with an 8% tax rate.

instance less than $50.

You must report the purchase in Step 1 (see

), and take a credit

For 61 or more days late, the greater of:

for the 6% sales tax originally paid on the purchase.

– 10% (.1) of the tax due for the first month plus 1% (.01) of the

tax due for each month thereafter, not to exceed 30% (.3); or

• Credits where the tax rate for the period in which tax was paid is

different from the tax rate in the period in which the credit is claimed.

– the lesser of $100 or 100% (1.0) of the tax due, but not less

than $50.

Example: You paid 8% tax, and later determined that you are

entitled to a credit. During that time, the tax rate changed to 7%. You

• For failure to pay tax, even though the return is filed on time, the

are still entitled to the 8% credit.

penalty is 10% (.1) of the tax due for the first month, plus 1% (.01) of

the tax due for each additional month, up to a maximum of 30% (.3).

• Credit for an overpayment of tax made in a prior quarter that you

have not previously claimed.

Note: Any credit against tax taken in Step 3 should be based on the

amount of tax paid or paid over at the time of the original transaction.

Instructions For Form St-102 - New York State And Local Quarterly Sales And Use Tax Return For A Single Jurisdiction Page 3

Related Articles

Related forms

Related Categories