Instructions For Form Boe-401-Gs - Fuel Retailers Return (Page 7 of 9) in pdf

BOE-401-GSIN REV. 5 (4-13)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

HOW TO COMPUTE SECTION D

State Tax Exemption

For Column A, Box 70, enter the transaction from 7/1/11 through 12/31/12.

For Column B enter transaction on or after 1/1/13.

Total Adjusted Partial Exemption

Column A: Multiply the amount in Box 70, “State Tax Exemption” by the “State Tax Adjustment Factor” and enter the

result in “Total Adjusted Partial Exemptions.”

Column B: Multiply the amount in “State Tax Exemption” by the “State Tax Exemption Factor” and enter the result in

“Total Adjusted Partial Exemptions.”

Column C: Enter the sum of Column A + Column B in Column C, “Total Adjusted Partial Exemptions,” Box 71.

Line 11. Back Page—Total Non-taxable Transactions

Line 11, back page is your total for Sections A, B, C and D. Add the total from each section on line 11 of the back page.

Also enter the total on line 11 on the front of your return.

Lines 11 thru 26—Front Page

Line 11.

This is your total non-taxable transaction(s) carried over from line 11 on the back of your return. This amount will be sub

tracted from the total of your gross sales and purchases to arrive at the amount on which tax is calculated.

Line 12. Transactions Subject to State Tax

Subtract line 11 from line 3. Enter the result on line 12.

Line 13(a). State Tax

Multiply line 12 by .0625. For a breakdown of the state tax rate see “Detailed Description of the Sales and Use Tax Rate”

located on the BOE website.

Line 13(b). Tax Recovery Adjustment

Enter the amount from Section B, box 13(b) on the back page.

This adjustment is used to account for a change in the state tax rate. Only use this line if you are reporting transaction(s)

that occurred at more than one tax rate in Section B on the back page.

Line 14(a). Transactions Subject to County Tax

Enter the amount from line 12.

Note: If you are claiming Partial Exemptions, you must add box 61 from Section C and box 71 from section D on the

back page to line 12 and enter the result on line 14(a).

Line 14(b). County Tax 1/4 percent

Multiply line 14(a) by 0.0025. Enter the result on line 14(b).

Line 15. Additional State Tax on Diesel Sales

Enter your total taxable diesel fuel transactions for the period in the box labeled “Diesel Sales.” The amount entered in

the “diesel sales” box is not a tax included amount. If you enter a tax included amount you will end up paying more than

you actually owe.

Multiply the amount entered in the box labeled “Additional State Tax on Diesel Sales” by 1.87% (.0187). Enter the result

on line 15.

Line 16. Transactions Subject to Local Tax

The amount on line 16 will be the same as line 14(a) of the return, unless you sold or purchased property for use by an

aircraft common carrier and entered an amount on line 15.

Note: If you entered a line 15 amount, add or subtract the line 15 amount from line 14(a). Enter the result on line 16.

Instructions For Form Boe-401-Gs - Fuel Retailers Return Page 7

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