Form Lq7 9801 - Lessors Of Tangible Personal Property Gross Receipts Tax Return - Delaware Division Of Revenue
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1
2DELAWARE DIVISION OF REVENUE
LTQ
Lessors of Tangible Personal Property Gross Receipts Tax Return - Form LQ7 9801
ACCOUNT NUMBER
TAX PERIOD ENDING
DUE ON OR BE FORE
BUSINESS CODE GROUP DESCRIPTION
0028-06
602 LSR TNG PR
0-000000000-000
03-31-09
04-30-09
Reset
00280607000000000000003310904300900000000006020000000
Print Form
BUSINESS NAME AND ADDRESS
$
00
1. RENTAL RECEIPTS (Not from Motor Vehicles)
$
240,000
00
2. LESS EXCLUSION (See Line Instructions
(240,000)
$
00
3. TAXABLE RENTAL RECEIPTS
0
00
0.00288
=
$
4. LINE 3 X
$
00
5. MOTOR VEHICLE
RENTAL RECEIPTS
$
240,000
00
6. LESS REMAINING EXCLUSION (See Instructions)
$
0
00
7.
TAXABLE MOTOR VEHICLE RENTAL RECEIPTS
=
$
0
00
0.00288
8. LINE 7 X
$
0
00
9. BALANCE DUE (Add Lines 4 and 8.)
Mail This Form With Remittance Payable To:
AUTHORIZED SIGNATURE
I declare under penalties of perjury, that this is
DATE
TELEPHONE NUMBER
Delaware Division of Revenue
a true, correct and complete return.
P.O. Box 2340, Wilmington, DE 19899-2340
For questions, call (302) 577-8780
If desired, provide an e-mail address where we may contact you regarding this return.
E-MAIL ADDRESS
CUT ALONG THIS LINE AND SEND THE ABOVE PORTION WITH ANY PAYMENT DUE
LICENSE/EXCISE TAX RETURN - QUARTERLY
Complete the return above, sign, date and file by the due date. You may file all monthly or quarterly returns at the end of the year if no tax is
due on any of the returns.
To Update Your Contact/Business Information on File with Revenue:
Remit a License Request for Change form
To Change Tax Information You’ve Already Reported:
Remit an Amended return
SPECIFIC LINE INSTRUCTIONS
PLEASE NOTE: THE DIVISION OF REVENUE REQUIRES ROUNDING OF ALL AMOUNTS ON ALL GROSS RECEIPTS RETURNS.
Line 1. - Enter on Line 1 the amount of rents received from leases of Tangible Personal Property other than Motor Vehicles during the quarter.
Line 2. - The maximum allowable exclusion is $240,000 per quarter. (If you have more than one branch or entity with common ownership or
common direction and control, you are only allowed one quarterly exclusion.)
Line 3. - Subtract Line 2 from Line 1 and enter the result on Line 3. If this is a negative amount or zero, enter the amount in brackets on Line 3.
Line 4. - Multiply Line 3 by 0.00288. Enter the result on Line 4. If Line 3 is a negative amount, enter zero on Line 4.
Line 5. - Enter on Line 5 the amount of rents received from the leases of Motor Vehicles during the quarter.
Line 6. - Enter on Line 6 the amount of Taxable Rental Receipts from Line 3. If Line 3 is a negative number, enter on Line 6 the amount of
Line 3 as a positive number. If Line 3 is a positive number, enter a zero on Line 6.
Line 7. - Subtract Line 6 from Line 5 and enter the result on Line 7.
Line 8. - Multiply Line 7 by 0.00288 and enter the result on Line 8.
Line 9.
Add together Lines 4 and 8 and enter the result on Line 9. This amount of tax is due and payable with the filing of this return.
If you have not already renewed this year’s business license, do it now to avoid a $200 penalty.
Go to
to renew your business license online!
SAMPLE COMPLETED RETURN
1. RENTAL RECEIPTS (Not from Motor Vehicles)
$
235,000.00
2. LESS EXCLUSION (See Line Instructions)
$
240,000.00
3. TAXABLE RENTAL RECEIPTS
$
(5,000.00)
4. LINE 3 X 0.00288
=
$
0.00
5. MOTOR VEHICLE RENTAL RECEIPTS
$
155,000.00
6. LESS REMAINING EXCLUSION
$
5,000.00
7. TAXABLE MOTOR VEHICLE RENTAL RECEIPTS
$
150,000.00
8. LINE 7 X 0.00288
=
$
432.00
9. BALANCE DUE (Add Lines 4 and 8.)
$
432.00
Quarterly Gross Receipts Tax Returns are due on or before the last day of the month following the end of the quarter as listed.
QUARTER END
DUE DATE
QUARTER END
DUE DATE
03/31/2009
04/30/2009
09/30/2009
11/02/2009
06/30/2009
07/31/2009
12/31/2009
02/01/2010
For questions or to speak with a customer service representative, please call Revenue’s Gross Receipts Department at (302) 577-8780.
Forms
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.delaware.gov
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