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Instructions For Form Gro 200 - Gross Receipts Tax Return - Bottlers & Manufacturers Of Soft Drinks Page 2

Bottler’s Tax

Calculation of Credit for F&E Tax Paid

1) Divide the taxpayer’s total Tennessee taxable soft drink sales by the total Tennessee

gross receipts.

2) Multiply the amount of franchise tax actually paid from the F&E tax return, Schedule A,

Line 3, by the decimal number calculated in step one. This is the amount of franchise

tax credit available. This amount should be entered on Line 6 of the Gross Receipts Tax

Return.

3) Multiply the amount of excise tax actually paid from the F&E tax return, Schedule B,

Line 7, by the decimal number calculated in step one. This is the amount of excise tax

credit available. This amount should be entered on Line 7 of the Gross Receipts Tax

Return.

Note: The total amount of credit may not exceed 78.95% of the total bottler’s tax liability.

Instructions For Form Gro 200 - Gross Receipts Tax Return - Bottlers & Manufacturers Of Soft Drinks Page 2