Form It-20np - Consumer'S Use Tax Worksheet For Line 19 (Page 5 of 7) in pdf

Line 48. Add the amounts entered from each column (lines 35

Schedule D

through 47).

Supplemental Net Income Tax

Line 49. The sum of nontaxable receipts listed on Schedule F should

Computation for Unrelated Business Income

be entered in the appropriate columns on line 49.

Line 50. Subtract line 49 from line 48 for each column.

Line 51. All entities filing for a 12-month period (tax year) may use

Line 69. All taxpayers must compute their adjusted gross income on

one $1,000 annual exemption. Entities filing for less than a 12-month

Schedule C, line 67 and enter that amount on line 69. If line 67 is a

period must prorate the exemption at the rate of $83.33 per month. In

loss, enter zero and do not compute supplemental net income tax.

Line 70. Enter the gross income tax (Schedule A, line 18 plus

no case shall the total amount of the exemption (sum of all entries on

Schedule A, line 15, and Schedule B, line 51, from both columns)

Schedule B, line 54) or the adjusted gross income tax (Schedule C,

exceed $1,000.

line 68), whichever is greater.

Line 52. Subtract line 51 from line 50.

Line 71. Subtract line 70 from line 69. Do not enter a figure less than

Line 53. Multiply the amount on line 52, Column A, by 1.2% (.012)

zero.

Line 72. Supplemental net income tax - Multiply line 71 by 4.5%(.045).

tax rate and enter the result for Column A. Multiply the amount on

line 52, Column B, by .3% (.003) tax rate and enter the result for Column

Schedule E

Total Unrelated Business Income Tax

Line 54. Enter the total of Columns A and B from line 53.

Computation

Schedule C

Line 73. Enter the greater: gross income tax (Schedule B, line 54) or

Adjusted Gross Income Tax

adjusted gross income tax (Schedule C, line 68).

Computation for Unrelated Business Income

Line 74. Enter supplemental net income tax from Schedule D, line 72.

Line 75. Add lines 73 and 74. Enter here and on line 20.

Under the Adjusted Gross Income Tax Act, the Department will

Vehicle Information Section

recognize the method of accounting used for federal income tax

purposes.

If income is received from activity outside Indiana that is subject

Indiana Code 6-8.1-6-5 requires the Department to request

to tax in another state, the three (3) factor apportionment formula

information concerning the number of motor vehicles owned and

must be used. Attach the apportionment worksheet from page 12 to

leased by a taxpayer and whether or not those vehicles are registered

your return.

in Indiana. A motor vehicle for the purposes of this section is a car,

Line 55. Enter unrelated business taxable income before net oper-

a motorcycle, or a truck which has a declared gross weight of 11,000

ating loss deduction and/or specific deductions from federal Form

pounds or less. These vehicles are subject to the motor vehicle

990T.

excise tax. This information must be provided by completing the

Lines 56, 57, 58. Enter all taxes measured by income levied by any

Vehicle Information Section on the reverse of Form IT-20NP. Also,

state, including Indiana gross income tax, and all local real estate and

an explanation must be given if any of the vehicles are not registered

personal property taxes taken as deductions on the federal tax return.

in Indiana.

Enter all allowable charitable contributions deducted when comput-

ing net taxable income on the federal tax return.

Summary of Calculations

Line 59. Enter interest, after deducting all related expenses, on

United States Government obligations included on the federal

income tax return, Form 990T. Refer to Income Tax Information

Line 19. Sales/Use Tax: Under I.C. 6-2.5-3-2 use tax is imposed on

Bulletin #19 for a listing of eligible items.

Line 62. Enter other adjustments such as Indiana lottery prize

the use, storage or consumption of tangible personal property in

income.

Indiana if the sales tax was not paid at the point of purchase and no

Line 64. If apportioning income, enter Indiana percentage from line

exemption from tax exists. Not-for-profit organizations will qualify for

4(c) of the worksheet. Do not enter 100%.

exemption from the use tax under the following conditions: (1) the

Line 65. Multiply line 63 by Indiana apportionment percentage on

not-for-profit organization is exempt from the gross income tax under

line 64. If line 64 is not applicable, enter amount from line 63.

I.C. 6-2.1-3-19 through 22. These include both wholly and partially

Line 66. Enter Indiana portion of a net operating loss deduction

exempt organizations for Indiana tax purposes; (2) the property or

carryover. Schedule IT-20NOL (available upon request) must be

service is used to further its not-for-profit purpose; and (3) the

attached anytime a deduction is reflected on line 66. Please review

organization is not operated predominantly for social purposes.

Schedule IT-20NOL and instructions before entering an amount on

Purchases of tangible personal property to be used by organi-

line 66.

zations operated predominately for social purposes are subject to

Line 67. Taxable Indiana adjusted gross income - Subtract line 66

use tax. If over 50% of its expenditures are for or related to social

from line 65.

activities such as food and beverage services, golf courses, swim-

Line 68. Adjusted gross income tax - Multiply line 67 by 3.4% (.034).

ming pools, dances, parties, and other similar social activities, the

If line 67 is a loss, enter zero.

organization will be considered to be predominately operated for

social purposes.

Form It-20np - Consumer'S Use Tax Worksheet For Line 19 Page 5

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