General Information For Rct-126 (Page 4 of 4) in pdf

General Information For Rct-126 Page 4

RCT-126 – Line-by-Line Instruction

RCT-126-I (10-12)

Page 4 of 4

RCT-126 should be completed in the following order:

Step 1 - Complete the taxpayer information section and any applicable questions at the top of Page 1.

Step 2 - Enter the Revenue ID number and other taxpayer information in the designated fields at the top of each page.

Step 3 - Complete Page 2, Calculation of Tax.

Step 4 - Complete Page 1, Tax Liability, Payment and Overpayment sections.

Step 5 - Complete the corporate officer information section, sign and date at the bottom of Page 1.

Step 6 - Complete the preparer’s information section, sign and date at the bottom of Page 2, if applicable.

Step 7 - Mail the completed report and any supporting schedules to the PA Department of Revenue.

Page 2 - Calculation of Tax

Line 1 - Did the corporation provide retail electric services outside its certified territory during the tax period covered by this

report?

Enter “Y” in the block if the taxpayer sold electric services outside its certified boundaries. If the answer is yes, the co-op must also file

the Gross Receipts Tax Report for Electric, Hydro-Electric and Water Power Companies, RCT-112.

Line 2 - Total number of members in the corporation

Enter the total number of members in the corporation as of Dec. 31.

Line 3 - Fee of $10 per 100 members or fraction thereof

Divide the total number of members by 100, and multiply by $10. Carry the tax (fee) to RCT-126 Page 1, Line 1.

General Information For Rct-126 Page 4