Form 740-Np - Kentucky Income Tax Return Nonresident Or Part-Year Resident - 2012 Page 13
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60Line 23, Education Tuition Tax Credit—Complete Form 8863-K
Optional Use Tax Table
to claim this credit. See Forms and instructions.
KY AGI* Tax
Line 25, Child and Dependent Care Credit—Full-year
$0 - $10,000 ....................................... $4
nonresidents are not entitled to this credit. Part-year residents
$10,001 - $20,000 ............................ $12
may be entitled to a credit for child and dependent care
$20,001 - $30,000 ............................ $20
expenses paid while a resident of Kentucky. To determine this
$30,001 - $40,000 ............................ $28
credit, complete the following worksheet.
$40,001 - $50,000 ............................ $36
$50,001 - $75,000 ............................ $50
$75,001 - $100,000 .......................... $70
a.
Enter total credit calculated on federal
Above $100,000 ............................... Multiply AGI by 0.08%
Form 2441, Line 9 ............................... _________________
(0.0008)
* AGI from Line 9 on KY Form 740 or KY Form 740-NP or Line
b.
Enter total child and dependent care
1 on KY Form 740-EZ.
expenses entered on Form 2441,
Line 3 ................................................... _________________
Use Tax Calculation Worksheet
c. Enter the amount included on
Call 502-564-5170 for assistance.
Line b paid while a Kentucky
resident ................................................ _________________
d.
Divide Line c by Line b.
1. Purchases of $0 to $1,000
Enter result ..........................................
___ . ___ ___
x 6 percent (.06)
$
OR Use Tax Table Amount
e.
Multiply the amount on Line a
2. Purchases of $1,000 or more
by the decimal amount on Line d ..... _________________
$
x 6 percent (.06)
3. Total Use Tax Due (add lines 1 and
f.
Percent of allowable credit for
x
.20
$
2)
Kentucky .............................................. _________________
Report this amount on Form 740 or 740-NP, Line 27; or 740-EZ,
Line 9.
g.
Multiply the amount on Line e
by the decimal amount on Line f.
This is your Child and Dependent
Note: The items reported for use tax on Form 740-NP should
Care Credit. Enter on Line 25 ............. _________________
be those purchased strictly for personal use. Any use tax
liabilities accruing to a business such as mail-order office
Note: If you and your spouse are filing separate Kentucky
supplies must be reported on the sales and use tax return or
returns, the child and dependent care credit calculated for
the consumer's use tax return. The Department of Revenue
Kentucky must be divided based on the percentage of each
routinely conducts compliance programs with other states
spouse's adjusted gross income to total Kentucky adjusted
regarding out-of-state purchases. Persons not reporting
gross income (Line 9).
applicable use tax will be liable for the tax plus interest and
penalties.
Line 27, Kentucky Use Tax—If, while a Kentucky resident, you
Credit Against the Kentucky Use Tax Due
made any out-of-state purchases of tangible personal property
or digital property for use in Kentucky on which sales tax
You may reduce or eliminate the amount of Kentucky use tax
was not charged, you must report Kentucky use tax on those
due by the amount of state sales tax paid to the out-of-state
purchases, pursuant to KRS 139.330. For example, if you order
seller on the same transaction. The reduction may not exceed
from catalogs, make purchases through the Internet, or shop
the amount of Kentucky use tax due on the purchase. For
outside Kentucky for items such as clothing, shoes, jewelry,
example, if Georgia state sales tax of 4 percent is paid, only
cleaning supplies, furniture, computer equipment, pre-written
the additional 2 percent is due to Kentucky, or if Illinois state
computer software, office supplies, books, souvenirs, exercise
sales tax of 6.25 percent is paid, no additional Kentucky use
equipment or subscribe to magazines, you may owe use tax
tax is due. Sales tax paid to a city, county or another country
to Kentucky.
cannot be used as a credit against Kentucky use tax due.
Line 30(a), Tax Withheld—Enter the amount of 2012 Kentucky
For your convenience, the Use Tax Calculation Worksheet and
income tax withheld by your employer(s). This amount is
Optional Use Tax Table are provided in these instructions. The
shown on wage and tax statements, including Forms 1099
Optional Use Tax Table is designed for those purchases of
and W-2G, which you must attach to Form 740-NP in the
less than $1,000. If you made untaxed out-of-state purchases
designated area. You will not be given credit for Kentucky
in amounts under $1,000, but do not have records readily
income tax withheld unless you attach the wage and tax
available that show the amount of those purchases, you
statements or other supporting documents reflecting
may use the Optional Use Tax Table below to estimate the
Kentucky withholding.
compensating use tax based on your Kentucky Adjusted Gross
Income (KYAGI). All untaxed purchases in the amount of $1,000
Employers are required to give these statements to employees
or greater must be accounted for on an actual basis using the
no later than January 31, 2013. If by March 1 you are unable
Use Tax Calculation Worksheet. Failure to timely report may
to obtain a wage and tax statement from an employer, contact
result in assessment of penalty and interest in addition to the
the Department of Revenue for instructions.
tax amount due.
7
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