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STEP 5 — Complete lines 1 through 12, columns (a) and (d), just as you did on your periodic tax returns. The difference

between the periodic and annual tax returns is that the amounts reported on the annual tax return are the total gross rental

or gross rental proceeds in the applicable districts for the entire year.

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 transient accommodations furnished at no charge for the year and add that amount to the gross

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

For column (a), line 9 (total gross rental proceeds on Oahu for the period 1/1 - 12/31/12), ABC has entered $120,000. For

column (a), line 10 (total gross rental proceeds on Maui for the period 1/1 - 12/31/12), ABC has entered $240,000.

ABC has multiplied $120,000 by .0925 (the tax rate for the period 1/1 - 12/31/12) to get $11,100, which is entered in column

(d), line 9. ABC has also multiplied $240,000 by .0925 (the tax rate for the period 1/1 - 12/31/12) to get $22,200, which is

entered in column (d), line 10.

The annual return is a reconciliation of the total gross rental or gross rental proceeds and the total fair market rental values

reported on the periodic tax returns. If an error was made on one or more of the periodic tax returns in reporting the total

gross rental or gross rental proceeds or the total fair market rental values in the applicable districts, the annual tax return is

used to correct the amounts reported on your periodic returns for the taxable year and show the amount of any additional

taxes payable or refund due.

STEP 6 — Turn to the reverse side of Form TA-2, “Part VII – EXEMPTIONS AND/OR DEDUCTIONS”. Fill-in the amounts

and description of the exemptions or deductions being claimed for the taxable year. Each exemption or deduction must

be separately listed. If you do not have any exemptions or deductions, enter “0.00” (fig. 3.3). 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.

fig. 3.3

NOTE:

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

NOT deductible on the transient accommodations tax return.

STEP 7 — Add the amount of exemptions/deductions claimed in Part VII and enter the result on the “GRAND TOTAL

EXEMPTIONS and/or DEDUCTIONS” line (fig. 3.4). Also enter the result on line 25 of the front page.

ABC enters “0.00” on the “GRAND TOTAL EXEMPTIONS and/or DEDUCTIONS” line and also on line 25 of the front

page because there are no exemptions or deductions being claimed.

fig. 3.4

Instructions For Form Ta-2 - Transient Accommodations Tax Annual Return And Reconciliation Page 3