Schedule Co-421 - Vermont Unitary Affiliate Schedule

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Vermont Department of Taxes 133 State Street Montpelier, VT 05633-1401
*144211100*
Phone: (802) 828-5723
VT Schedule
UNITARY AFFILIATE SCHEDULE
CO-421
* 1 4 4 2 1 1 1 0 0 *
PRINT in BLUE or BLACK INK
Attach to Form CO-411
Name of Principal Vermont Corporation
Principal VT Corporation Federal ID Number
Name of Affiliate
Affiliate’s Federal ID Number
Affiliate’s Primary 6-digit North American Industrial
Check if this CO-421 is being prepared for
Classification System (NAICS) Number
federal consolidated group (see instructions)
Place an “X” in the box left of the line number to indicate a loss amount.
Enter all amounts in whole dollars.
1. Apportionment percentage (Schedule BA-402 for this affiliate, Line 22).
%
Calculate percentage to six places to the right of the decimal point. . . . . . . . . . . . . . . . . . . . . 1. _________ ._______________
2. Group Apportionable Income (Form CO-411, Line 5) . . . . . . . . . . . . . . . . . .
2. __________________________________ .
3. Income Apportioned to Vermont (Multiply Line 1 by Line 2) . . . . . . . . . . . .
3. __________________________________ .
4. Income Allocated to Vermont (Schedule BA-402, Line 1b) . . . . . . . . . . . . . .
4. __________________________________ .
5. Foreign Dividends Apportioned to Vermont (Schedule BA-402, Line 1d) . . . . . . . . .5. __________________________________ .
6. Net VT Income Allocated and Apportioned to Vermont
(Add Lines 3, 4, and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. __________________________________ .
7. VT Net Operating Loss deduction applied (attach schedule) . . . . . . . . . . . . . . . . . . .7. __________________________________ .
8. VT Net Taxable Income for this affiliate
(Subtract Line 7 from Line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. __________________________________ .
9. VT Tax. Apply VT Tax Rates (below) to amount on Line 8 . . . . . . . . . . . . . . . . . . . .9. __________________________________ .
10. Credits (Schedule BA-404, Column C, Line 15) . . . . . . . . . . . . . . . . . . . . . . .
10. __________________________________ .
11. Tax Due for this affiliate (Subtract Line 10 from Line 9) . . . . . . . . . . . . . . . . . . . . .11. __________________________________ .
12. Gross Receipts (For purpose of minimum tax calculation. See instructions) . . . . . .12. __________________________________ .
TAX COMPUTATION SCHEDULE
(Effective for taxable periods beginning January 1, 2012)
IF VT NET INCOME IS
TAX IS
$10,000 or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.00%
$10,001 to $25,000 . . . . . . . . . . $600 plus 7.00% of excess over $10,000.
$25,001 and over . . . . . . . . . . . $1,650 plus 8.50% of excess over $25,000.
IF GROSS RECEIPTS ARE
MINIMUM TAX IS
$2,000,000 or less . . . . . . . . . . . . . . . . . . . . . . . . . . . $300
$2,000,001 - $5,000,000 . . . . . . . . . . . . . . . . . . . . . . $500
Schedule CO-421
$5,000,001 and over . . . . . . . . . . . . . . . . . . . . . . . . . $750
Rev. 10/14

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