Form Co-421 - Vermont Unitary Affiliate Schedule
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2*124211100*
VT DEPARTMENT OF TAXES
133 State Street, Montpelier, VT 05633-1401 / (802) 828-5723
FORM
VERMONT Unitary Affiliate Schedule
* 1 2 4 2 1 1 1 0 0 *
CO-421
PRINT in BLUE or BLACK INK
Attach to Form CO-411-U
Principal VT Corporation Federal ID Number
Name of Principal Vermont Corporation
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)
Affiliate’s Name
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 (Form 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-U, Line 5) . . . . . . . . . .
2.
.
3. Income Apportioned to Vermont (Multiply Line 1 by Line 2) . . . . . .
3.
.
4. Income Allocated to Vermont (Form BA-402, Line 1b) . . . . . . . . . . .
4.
.
5. Foreign Dividends Allocated to Vermont (Form 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. (Form 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
Form CO-421
$5,000,001 and over . . . . . . . . . . . . . . . . . . . . . . . . . $750
Rev. 10/12
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