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

•Neighborhood Assistance Credit -

Line 29. Enter the penalty amount that applies:

A. If the return with payment is made after the original due date, a

Enter the allowable income tax credit from preapproved Form

NC-20. For further information, refer to Income Tax Bulletin #22.

penalty which is the greater of $5.00 or 10% of the balance of tax due

Attach Form NC-20 if claiming this credit.

(line 26), must be entered. The penalty for paying late will not be

imposed if all three of the following conditions are met:

•Personal Computer Tax Credit -

(1) A valid extension of time to file exists;

An income tax credit of $100 is available per unit of qualified

(2) At least 90% of the tax liability was paid by the original

personal computer equipment (486 or 68030 processor or better)

due date; and,

donated to a not-for-profit Educational Service Center in conjunc-

(3) The remaining tax is paid by the extended due date.

tion with the Buddy-Up with Education Program. Attach preapproved

B. If the return showing no tax liability (on line 21) is filed late, penalty

Form PC-20 to the return. Form PC-10/20, Personal Computer Tax

for failure to file by the due date will be $10 per day the return is past

Credit Application, is available from the Department. For more

due, up to a maximum of $250.

information about this program, call the Educational Service Center

of Central Indiana at (317) 387-7100.

Line 31. Enter the sum of line 25 minus lines 21, 27, and 29.

•Teacher Summer Employment Credit -

Line 32. Enter the portion of the overpayment to be refunded.

I.C. 6-3.1-2-1 provides a tax credit to taxpayers hiring designated

shortage certified teachers during school summer vacations. The

credit for each teacher hired is the lesser of either $2,500 or 50% of

Line 33. If timely electing to credit a portion of the overpayment to

the compensation paid. The Professional Standards Board will

the following year's estimated tax account, enter the amount of the

certify the qualified positions. Schedule TSE must be attached to the

overpayment to be applied.

return. Contact the Department of Education at (317) 232-6675 for

The sum of lines 32 and 33 must equal the amount of the total

information about this credit.

overpayment on line 31. If the overpayment is reduced due to an error

on the return or an adjustment by the Department, the amount to be

Line 25. Add lines 22, 23 and 24.

refunded (line 32) will be corrected before any changes are made to

the amount on line 33.

Line 26. Enter net tax due (subtract line 25 from line 21).

Line 27. Enter amount of calculated penalty for the underpayment

Be sure to sign and print your name on the return. If a paid

of income taxes from Schedule IT-2220. Attach a completed Schedule

preparer completed the return for you, you may authorize the

IT-2220. This schedule is available from the Department upon

Department to discuss your tax return with the preparer by

request.

checking the Authorization box above the signature line.

If you have any questions you may call the Compliance Division, Not-for-Profit Section: (317) 232-2188.

Tax forms may be requested by calling: (317) 486-5103. If you want forms faxed to you, use the phone from your fax machine to call

Indiana Tax Fax at (317) 233-2FAX (2329). By calling this number and reviewing the list of available forms, you will have immediate

access to most of our tax forms and information bulletins.

Many of the tax forms are also available on the Internet at the following address:

Consumer's Use Tax Worksheet for Line 19, Form IT-20NP

List all taxable purchases of property where Indiana sales tax was not paid.

Read instructions starting on page 6. (If more space is needed to list puchases, use an additional sheet.)

Date of

Purchase/rental price

Vendor

Description of tangible personal property purchased or rented

purchase or rental

of property

1. Total purchase/rental price of property subject to

the sales/use tax

Note: Do not include the following items on the worksheet:

Use tax (5% of line 1)

automobiles, watercraft, aircraft, and trailers. A credit for taxes

previously paid is not allowed for these items that are required to

Sales tax previously paid on the above items up

be titled, registered, or licensed by Indiana. For more information

to 5% credit per item.

Use tax due (line 2 minus line 3). Carry this

regarding use tax, call (317) 233-4015.

amount to line 19 of Form IT-20NP. If the amount

is negative, enter zero.

Form It-20np - Consumer'S Use Tax Worksheet For Line 19 Page 7

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