Form 14-117 - Texas Motor Vehicle Seller-Financed Sales Tax And/or Surcharge Report Page 2
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1
2Instructions for Completing the
14-117 (Back)(Rev.6-12/12)
Texas Motor Vehicle Seller-Financed Sales Tax and/or Surcharge Tax Report
(TEX. TAX CODE ANN. sec. 152.047 and 152.048)
General Information
Who must file -
For assistance -
You must file this return if you are a sole owner,
If you have any questions regarding Motor Vehicle Sales
partnership, corporation, limited liability company or other organization
and Use Tax and/or Surcharge, call 1-800-252-1382 or 512-463-4600. Details
responsible for collection and/or payment of the Texas Motor Vehicle
are also available online at
Seller-Financed Sales Tax and/or Surcharge.
Business changes
- If you are out of business, or if your mailing address
When to file -
Item h
Reports must be filed or postmarked on or before the 20th
has changed, blacken the appropriate box to the right of
on the
day of the month following the end of each reporting period. If the due
return. Enter the date when the business stopped collecting the sales tax
date falls on a Saturday, Sunday or legal holiday, the next business day
and/or surcharge.
will be the due date. Reports must be filed for every period, even if there
are no taxable sales or tax due.
Specific Instructions
Items 1a - 1h - County Name
- The county in which the Application for Certificate of Title has been submitted. The total dollar amount for all title
transfers must be reported separately by county.
County Code
- Three-digit code available on our website at
Gross Receipts Collected
all
- The total amount (not including tax) of
title transfers, including any title transfer on which tax has been
all
paid at the county tax assessor's office; all services and sales, leases and rentals of motor vehicles;
services and sales, leases and
rentals of tangible personal property, including all related charges made during the reporting period. Report exact amounts, including
dollars and cents; do not round off.
Receipts Subject to Tax
- The total amount or receipts received from the sale of motor vehicles you have financed, including receipts
Do not include receipts from eligible interest or other
from the sale of accounts receivable.
. For motor vehicle tax
non-taxable sales
calculation, it is conclusively presumed that interest accrues and is paid by the purchaser on a straight line basis.
Receipts Subject to Surcharge
- If you sell diesel powered, on-road motor vehicles with a gross vehicle registered weight exceeding
14,000 lbs, you are required to have a Seller-Financed (TERP) Surcharge account and complete the surcharge columns on this report.
If you have preprinted Xs in the surcharge columns, our records show that you do not sell these vehicles, and you do not have an active
surcharge account. If you need to activate your surcharge account, call us at 1-800-252-1382 or 512-463-4600.
Receipts Subject to 2.5% surcharge
- model years 1996 and older
Receipts Subject to 1.0% surcharge
- model years 1997 and newer
Report Additional Counties -
When reporting more than eight counties in which title transfers have occured, write "CONTINUED" on
an additional sheet(s) of paper, then attach to report. Write the requested information for each additional county you are reporting in
the same format as displayed on this form (14-117):
County Name
Receipts Subject to Tax
County Code
Receipts Subject to 2.5% Surcharge
Gross Receipts Collected
Receipts Subject to 1.0% Surcharge
Carry totals from additional reported counties to Line 2(a-c):
2a - Receipts subject to tax
2b - Receipts subject to 2.5% surcharge 1996 and older
2c - Receipts subject to 1.0% surcharge 1997 and newer
Item 6 -
FOR PREPAYERS ONLY - The amounts preprinted in Item 6a and 6c include the allowable prepayment discount for filing your
return and paying the tax due on or before the due date. (If you prepaid timely and the amount is not preprinted here, calculate
the credit by dividing the amount you paid by 0.9825 and enter the result in Items 6a and 6c.) If you are filing your return and paying
the tax late, mark out the preprinted amount and enter the actual amount you prepaid.
Electronic reporting and paying
options are available 24 hours
a day, 7 days a week. Have this
form available when you log on.
NOTE:
If Item 4a is GREATER than Item 6a, multiply the difference by 1/2 of 1% (0.005) and enter the result in Item 8a.
If Item 4a is LESS than Item 6a, and the credit is to be refunded, multiply the negative difference by 0.9825 and enter
the result in Item 9a. Skip Item 8a.
If Item 5c is GREATER than Item 6c, multiply the difference by 1/2 of 1% (0.005) and enter the result in Item 8c.
If Item 5c is LESS than Item 6c, and the credit is to be refunded, multiply the negative difference by 0.9825 and enter
the result in Item 9c. Skip Item 8c.
DO NOT TAKE THE 1/2 OF 1% (0.005) DISCOUNT ON CREDIT BALANCES.
Item 8 -
DISCOUNT - If the return is filed and the tax paid on or before the due date, enter a discount of 1/2% (0.005) of Items 4a and 5c.
If the return is filed or tax paid after the due date, all prepayment and timely filing discounts will be disallowed.
Item 10 -
PENALTY: If the return is filed or tax paid after the due date, enter penalty -
1 - 30 days late - 5% of Items 9a and 9c;
more than 30 days late - 10% of Item 9a and 9c.
NOTE: An additional $50 late filing penalty will be assessed each time a report is filed after the due date.
INTEREST: If any tax is unpaid 61 days after the due date, enter interest on the amount in Items 9a and 9c. Calculate interest at the rate
published online at or call the Comptroller at 1-877-447-2834 for the applicable interest rate.
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