Form 480.30(Ii) - Income Tax Return For Exempt Business Under The Puerto Rico Incentives Programs Page 2

ADVERTISEMENT

Form 480.30(II) Rev. 05.02
Incentives - Page 2
Part II
Applicable Tax Exemption Acts
Indicate under which of the following act or acts the exempt business operates:
q
Act No. 57 of June 13, 1963
Case Number: ___________________________________
q
Act No. 168 of June 30, 1968
Case Number: ___________________________________
q
Act No. 26 of June 2, 1978
Case Number: ___________________________________
q
Act No. 52 of June 2, 1983
Case Number: ___________________________________
q
Act No. 8 of January 24, 1987
Case Number: ___________________________________
q
Act No. 148 of August 8, 1988
Case Number: ___________________________________
q
Act No. 78 of September 10, 1993
Case Number: ___________________________________
q
Act No. 75 of July 5, 1995
Case Number: ___________________________________
q
Act No. 225 of December 1, 1995
Case Number: ___________________________________
q
Act No. 14 of March 15, 1996
Case Number: ___________________________________
q
Act No. 135 of December 2, 1997
Case Number: ___________________________________
q
Act No. 362 of December 24, 1999
Case Number: ___________________________________
q
Case Number: ___________________________________
Act No. 178 of August 18, 2000
If you check Act No. 26 of 1978 or Act No. 8 of 1987, complete Part III, if applicable.
Part III
Conditions that Exonerate from the Prepayment of Tollgate Tax
Each exempt business under Act 26 of 1978 or Act 8 of 1987 is generally subject to the prepayment of tollgate tax.
q
q
Is the exempt business subject to the prepayment?
Yes
No
f the exempt business is not subject to the prepayment of tollgate tax, indicate which of the following conditions exonerates
I
such payment:
q
The exempt business elected the optional tax under Section 3A of Act 8 of 1987.
q
50% or more of the outstanding stocks are owned by individuals.
q
Its annual industrial development income is less than $1,000,000.
q
Its industrial development income is exempt pursuant to the provisions of Sections 2(e)(4), 2(e)(11) or 3(m) of Act 8 of 1987.
q
Its industrial development income is exempt pursuant to Sections 2(e)(5), 2(e)(12), 2(e)(20), 2(e)(26) or 3(n) of Act 26 of 1978.
q
The exempt business is covered under Section 4(a)(8) of Act 8 of 1987 (See instructions).
If any portion of the Exempt Business Industrial Development Income is not exempt from the prepayment of Tollgate Tax,
continue with Part IV.
Part IV
Computation of Prepayment of Tollgate Tax
1.
Net operating income for the year:
00
a)
Schedule M Incentives, Part I, line 1.......................................................
(1a)
00
b)
Schedule N Incentives, Part I, line 1.............................................................
(1b)
0 0
c)
Total net operating income for the year ....................................................................................
(1c)
2.
Adjustments:
00
a)
Interest income from certain 2(j) investments (See instructions) ................
(2a)
00
b)
Other adjustments (See instructions) .....................................................
(2b)
0 0
c)
Total adjustments (Add lines 2(a) and 2(b)) .............................................................................
(2c)
3.
Industrial development income (IDI) after adjustments (If line 1(c) is larger than line 2(c),
0 0
enter the difference here. Otherwise, do not continue with this form) .....................................................
(3)
4.
Less tax determined on industrial development income:
00
a)
Total tax (Schedule K Incentives, Part I, Column B, line 15) .....................
(4a)
00
b)
Special surtax (Part I, line 8) .................................................................
(4b)
00
c)
Other taxes
(See instructions) ..............................................................
(4c)
0 0
d)
Total taxes (Add lines 4(a) through
4(c)) ................................................................................
(4d)
0 0
5.
Net IDI available for distribution (Subtract line 4(d) from line 3).................................................................
(5)
(6)
0 0
6.
Determination of prepayment of tollgate tax (5% or
%
of line 5) (See instructions) ................
7.
00
Dividends declared from current earnings ...................................................
(7)
0 0
8.
Prepayment of tollgate tax attributable to current earnings (Multiply line 7 by 5% or
) ...........
%
(8)
0 0
9.
Prepayment of tollgate tax before credits (Subtract line 8 from line 6) .......................................................
(9)
10.
Less credits:
00
a)
Special credit granted (Do not exceed 50% of line 9).........................
(10a)
00
b)
Other credits (See instructions)............................................................
(10b)
0 0
c)
Total (Add lines 10(a) and 10(b)) ............................................................................................
(10c)
11.
Total prepayment of tollgate tax liability (Subtract line 10(c) from line 9. Enter in Part I, line 13).............
(11)
0 0
Conservation Period: Ten (10) years

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form 480.30(ii) - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Form 480.30(ii) - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Financial
Form 480.30(ii) - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Form 480.30(ii) - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Financial
Form 480.30(ii)c - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Film Industry/schedule W Incentives - Income Tax Film Entity Form 480.30(ii)c - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Film Industry/schedule W Incentives - Income Tax Film Entity Financial
Form 480.30(ii)le - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Special Acts Form 480.30(ii)le - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Special Acts Financial
Form 480.30(ii)di - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Industrial Development Form 480.30(ii)di - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Industrial Development Financial
Form 480.30(ii)ev - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Green Energy Form 480.30(ii)ev - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Green Energy Financial
Form 480.30(ii)dt - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Tourism Development Form 480.30(ii)dt - Income Tax Return For Exempt Businesses Under The Puerto Rico Incentives Programs Tourism Development Financial
Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Program Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Program Financial
Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Programs Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Programs Financial
Form 480.80 - Fiduciary Income Tax Return (estate Or Trust) - 2013 Form 480.80 - Fiduciary Income Tax Return (estate Or Trust) - 2013 Financial

Related Categories

Parent category: Financial
Download
Go
Page of 4