Instructions For Form Ta-1 - Periodic Transient Accommodations Tax Return (Page 3 of 6) in pdf

Starting July 1, 2011, a daily tax of $10 is levied for every transient accommodation that is furnished at no charge. If you

furnished transient accommodations at no charge, use Form TA-30, Transient Accommodations Tax Worksheet - Calculation

of the Gross Proceeds Attributable to Transient Accommodations Furnished at No Charge, to calculate the gross rental

proceeds attributable to the transient accommodations furnished at no charge for the period and add that amount to the

gross rental proceeds reported on column (a), lines 9 through 12, respectively.

Please note that if you have transient accommodations in more than one taxation district, you must report the total transient

accommodations furnished separately according to the taxation district in which the transient accommodations are located.

For example, if you have transient accommodations on the island of Oahu and on the island of Maui, the total gross rental

or gross rental proceeds on Oahu must be reported on lines 1, 5, and 9 and the total gross rental or gross rental proceeds

from the transient accommodations on Maui must be separately reported on lines 2, 6, and 10.

For column (a), line 9 (total gross rental proceeds on Oahu for the month of January 2012), ABC has entered $10,000. For

column (a), line 10 (total gross rental proceeds on Maui for the month of January 2012), ABC has entered $20,000.

STEP 6 — Turn to the reverse side of Form TA-1, “PART VII - EXEMPTIONS AND/OR DEDUCTIONS”. Fill in the amount

and description of the exemptions or deductions being claimed for each taxation district. Each exemption or deduction must

be separately listed. If you do not have any exemptions or deductions, enter “0.00” (fig. 2.2). Refer to the “SCHEDULE

OF TRANSIENT ACCOMMODATIONS TAX EXCLUSIONS, EXEMPTIONS, AND DEDUCTIONS” in these instructions for

further information.

ABC enters “0.00” for OAHU and “0.00” for MAUI, MOLOKAI, LANAI on the reverse side of the form because there are

no exemptions or deductions being claimed.

NOTE:

Deductions allowed on your income tax returns (e.g., operating expenses, management fees, etc.) are

NOT deductible on the transient accommodations tax return. A listing of the allowable exemptions and

deductions is on page 6 of these instructions.

fig. 2.2

STEP 7 — Add the amounts of exemptions/deductions separately listed and enter the result on the “GRAND TOTAL

EXEMPTIONS and/or DEDUCTIONS” line (fig. 2.3). Also enter the result on line 23 of the front page.

ABC enters “0.00” on the “GRAND TOTAL EXEMPTIONS and/or DEDUCTIONS” line and on line 23 of the front page

because there are no exemptions or deductions being claimed.

fig. 2.3

STEP 8 — Subtract the amount in column (b), if any, from column (a) and enter the result in column (c) (fig. 2.1). Column

ABC does not have any exemptions or deductions so $10,000 is entered on line 9, column (c), and $20,000 is entered on line

10, column (c).

Instructions For Form Ta-1 - Periodic Transient Accommodations Tax Return Page 3