Form It-65 - Indiana Partnership Return Booklet - 2013 Page 24
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32Note: Interstate transportation companies should consult Schedule
tangible personal property are attributed to Indiana if the
E-7 for details concerning apportionment of income. You can get this
proceeds of the loan are applied in Indiana.
schedule at
Interest income, merchant discounts, travel and
entertainment credit card receivables, and credit card
Part I – Apportionment of Adjusted Gross
holder’s fees are attributed to the state where the card
Income
charges and fees are regularly billed.
Sales/Receipts: The sales factor is a fraction. The numerator is the
total receipts of the taxpayer in Indiana during the tax year. The
Receipts from the performance of fiduciary and other
denominator is the total receipts of the taxpayer everywhere during
services are attributed to the state where the benefits of
the tax year.
the services are consumed. Receipts from the issuance of
traveler’s checks, money orders, or United States savings
The numerator of the receipts factor must include the following:
bonds are attributed to the state where those items are
•
All sales made in Indiana;
purchased.
•
All sales made from Indiana to the U.S. government; and
•
All sales made from Indiana to a state not having
Receipts in the form of dividends from investments are
jurisdiction to tax the activities of the seller.
at attributed to Indiana if the taxpayer’s commercial
domicile is in Indiana; and
Destination sales to locations outside Indiana by an Indiana
seller that has activities in the state of destination, other than
(4) Gross receipts from the performance of services are in
mere solicitation, are not included in the numerator of the sales
Indiana if the services are performed in Indiana. If such
factor regardless of whether the destination state levies a tax.
services are performed partly within and partly outside
The numerator contains intangible income attributed to Indiana,
Indiana, a portion of the gross receipts from performance
including interest from consumer and commercial loans, installment
of the services shall be attributed to Indiana based on
sales contracts, and credit and debit cards as prescribed under
the ratio the direct costs incurred in Indiana bear to
IC 6-3-2-2.2.
the total direct costs of the services, unless the services
are otherwise directly attributed to the state of Indiana
Total receipts include gross sales of real and tangible personal
according to IC 6-3-2-2.2.
property less returns and allowances. Sales of tangible personal
property are in Indiana if the property is delivered or shipped to
Sales to the United States Government: The United States
a purchaser within Indiana regardless of the f.o.b. point or other
government is the purchaser when it makes direct payment to the
conditions of sale or if the property is shipped from an office, a store,
seller. A sale to the United States government of tangible personal
a warehouse, a factory, or another place of storage in Indiana, and the
property is in Indiana if it is shipped from an office, a store, a
taxpayer is not subject to tax in the state of the purchaser.
warehouse, or another place of storage in Indiana. See the previous
rules for sales other than tangible personal property if such sales are
Sales or receipts not specifically assigned above shall be assigned as
made to the United States government.
follows:
(1) Gross receipts from the sale, rental, or lease of real
Other Gross Receipts: On line 6, report other gross business receipts
property are in Indiana if the real property is located in
not included elsewhere and pro rata gross receipts from all unitary
Indiana;
partnerships, excluding from the factors the portion of distributive
share income derived from a previously apportioned partnership
(2) Gross receipts from the rental, lease, or licensing of the
[45 IAC 3.1-1-153(b)].
use of tangible personal property are in Indiana if the
property is in Indiana. If property was both within and
Direct Premiums and Annuities Received for Insurance upon
outside Indiana during the tax year, the gross receipts are
Property or Risks in Indiana: On line 7, report direct premiums and
considered in Indiana to the extent the property was used
annuity considerations received during the taxable year for insurance
in Indiana;
upon property or risks in Indiana. The term direct premiums and
annuity considerations means the gross premiums received from
(3) Gross receipts from intangible personal property are
direct business as reported in the corporation’s annual statement filed
in Indiana if the taxpayer has economic presence in
with the Department of Insurance.
Indiana and such property has not acquired business sites
elsewhere.
Total Receipts for 2013: Complete all lines as indicated. Add all the
receipts in Column A (lines 1A through 6A), and enter the total on
Interest income and other receipts from loans or
line 7A. Also enter the total receipts everywhere on line 7B.
installment sales contracts that are primarily secured
by or deal with real or tangible personal property are
Apportionment of Income for Indiana
attributed to Indiana if the security or sale property is
Divide line 7A by line 7B. (Multiply by 100 to arrive at a percentage
located in Indiana; consumer loans not secured by real
rounded to the nearest second decimal place.) This is your average
or tangible personal property are attributed to Indiana if
Indiana apportionment percentage; carry it to the apportionment
the loan is made to an Indiana resident; and commercial
entry line on the return (line 16d on IT-20, line 4 on IT-20S, line 9 on
loans and installment obligations not secured by real or
IT-20NP, and line 4 on IT-65).
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