Looking for a Hawaii Form Rv-2 Templates? Download it for free!

HOW TO COMPLETE YOUR PERIODIC

FORM RV-2

INSTRUCTIONS

RENTAL MOTOR VEHICLE AND TOUR VEHICLE

(REV. 2012)

SURCHARGE TAX RETURN (FORM RV-2)

CHANGES TO NOTE

RV-3) summarizing activity for the past year also must be

filed.

Act 104, Session Laws of Hawaii (SLH) 2011, increased

Taxpayers whose liability for the RV tax exceeds

the motor vehicle surcharge tax rate to $7.50 per day

$100,000 per year are required to pay the tax by Electronic

effective July 1, 2011. After June 30, 2012, the rate reverts

Funds Transfer (EFT).

back to $3 per day.

These instructions will assist you in filling out your

For fiscal year taxpayers who file Form RV-2 on a

periodic RV tax returns (Form RV-2) correctly.

quarterly or semiannual basis, please file for your normal

To properly enter the necessary information into our

period using the $7.50 per day rate for months including

computer system, the tax returns must be filled in completely

and up to June 2012, and the $3 per day rate for months

and accurately.

beginning July 2012 and thereafter. If your filing periods

straddle both rates, please file ONE Form RV-2 (Rev. 2012)

If a payment is being made with Form RV-2, make

to report at both rates during your “straddle” filing period.

your check or money order payable to “Hawaii State Tax

For example, ABC Corporation is a semi-annual filer with a

Collector.” Write “RV”, the filing period, your Hawaii Tax I.D.

fiscal year end of September 30, 2012. ABC Corporation

No., and your daytime phone number on the check. Attach

has a “straddle” filing period of April 2012 to September

your check or money order where indicated on Form RV-2.

2012. The number of Rental Motor Vehicle days from April

IMPORTANT!!!

2012 to June 2012 is 15 days and the number of days from

July 2012 to September 2012 is 10 days. ABC Corporation

Write “RV”, the filing period, your Hawaii Tax I.D. No.,

will report on the Form RV-2 (Rev. 2012) a total of 25 Rental

and your daytime phone number on your check so that it

Motor Vehicle days and a tax amount for Rental Motor

may be properly credited to your account. If you do not

Vehicles of $142.50 [(15 x $7.50/day) + (10 x $3/day)].

have any activity, and the result is no tax liability, enter

“0.00” on line 8. This periodic return must be filed.

INTRODUCTION

To correct a previously filed Form RV-2, file an amended

The rental motor vehicle and tour vehicle surcharge tax

return on Form RV-2. (Note: the Amended Rental Motor

(RV tax) contains two separate taxes with different tax rates.

Vehicle and Tour Vehicle Surcharge Tax, Form RV-5, has

The rental motor vehicle surcharge tax is levied at the rate

been made obsolete.)

of $7.50 per day or a portion of a day for the period of July

Follow the example presented in italics for a sample of

1, 2011 to June 30, 2012 and $3 per day or a portion of a

how to fill out the form. The circled numbers on the sample

day after June 30, 2012 on the lessor of any rental motor

form correspond to the steps in the instructions.

vehicle. The tour vehicle surcharge tax is imposed on tour

vehicle operators for use of a vehicle on a monthly basis, or

Example: A taxpayer, BTK Rentals and Tour Vehicles

a portion of a month at the following rates:

(BTK), with Hawaii Tax I.D. No. W12345678-01, files

•

its January return. BTK has twenty rental cars, two

$65 - Over 25 passenger tour vehicle; and

tour vehicles (8-25 passengers), and one tour vehicle

•

$15 - 8 to 25 passenger tour vehicle.

(40 passengers) on Oahu. BTK also has ten rental cars

on Maui. The twenty cars on Oahu were rented for

RV tax returns (Form RV-2) are filed monthly, quarterly,

550 rental days of which 30 rental days were to lessees

or semiannual basis depending on the amount of a person’s

whose vehicles were being repaired. The cars on Oahu

tax liability. Form RV-2 is due with payment on or before

were, therefore, rented for a total of 520 net rental

the 20th day of the calendar month following the close

days. The ten cars on Maui were rented for a total of

of the filing period. For example, if your filing period ends

270 rental days. Both of the vans and the tour bus were

in service for the month of January.

on January 31st, then your return and payment will be due

on February 20th. An annual return and reconciliation (Form

fig. 2.0

THE TOP OF THE TAX RETURN (fig. 2.0)

STEP 2 - Enter your Hawaii Tax I.D. No. in the area provided.

STEP 3 - Enter the last 4 digits of your FEIN or SSN in the

STEP 1 - Write your name (taxpayer’s name) in the area

area provided

provided.

Instructions For Form Rv-2 - Periodic Rental Motor Vehicle And Tour Vehicle Surcharge Tax Return

Related Articles

Related forms

Related Categories