State Form 49192 - Schedule E-7 - Apportionment For Interstate Transportation (Page 2 of 2) in pdf

Indiana Department of Revenue

Schedule E-7 - Apportionment Schedule for Interstate Transportation

Page 1

Income Tax Liability of Entities Involved in Interstate

Line 6. Enter the total of line 4 and line 5.

Transportation

Schedule E-7 is to be used by entities who are engaged in the

Line 7. Multiply line 4 by line 3 to determine the amount of

transportation of persons and property for hire. All entities

transportation revenue from Indiana.

involved in public transportation who operate or whose property

is operated in or through Indiana are subject to Indiana income

Line 8. Enter the amount of income derived from

tax. This schedule is to be used by airlines, railroads, truck

nontransportation activity in Indiana.

lines, bus lines, interurban lines, pipeline systems, and inland

water carriers for purposes of apportioning Indiana adjusted

Line 9. Enter the total of line 7 and line 8.

gross income.

Line 10. Divide line 9 by line 6 to determine the Indiana

Adjusted Gross Income

apportionment percentage.

The Indiana adjusted gross income tax applies to all entities

who derive income from the provision of public transportation

Carry the resulting average Indiana apportionment percentage

services operated in or whose property is operated through

to the appropriate line on the annual Indiana income tax return.

Indiana. A transportation company carrying persons or goods in

or through Indiana is subject to Indiana adjusted gross income

tax.

All multistate taxpayers are required under IC 6-3-2-2(b) to use

an apportionment formula to determine the amount of business

income taxable in Indiana.

Instructions for Completing Schedule E-7 for 2012

Line 1. Enter the total revenue miles traveled in Indiana. The

total revenue dollars from transportation, both intrastate and

interstate, are to be assigned to the states through which the

property, freight, or passengers move based on mileage. Pipeline

companies may substitute barrel miles, cubic foot miles, or

other appropriate measures for revenue miles. In practice,

revenue miles usually equal road miles.

Line 2. Enter the total revenue miles traveled everywhere.

For purposes of apportionment, the term everywhere does not

include sales of a foreign corporation located outside the United

States and its territories.

Line 3. Divide the revenue miles in Indiana (line 1) by the

revenue miles everywhere (line 2) to determine the percentage

of transportation activity within Indiana.

Line 4. Enter the total amount of income derived from

transportation activity everywhere.

Line 5. Enter the total income from nontransportation sources,

such as income from interest, dividends, sale of capital assets,

etc. Service fees (boxing and tagging items and so on), sales

income (packing boxes, insurance, and so on), and all other

nonmobile-type income must be included.

*24100000000*

24100000000

State Form 49192 - Schedule E-7 - Apportionment For Interstate Transportation Page 2

Related Articles

Related forms

Related Categories