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HomeMy WebLinkAboutSchedule C_________________________________________________________________________________________________________________ City of Renton Tax & Licensing • 1055 S Grady Way, Renton, WA 98057 • 425-430-6851 • taxandlicensing@rentonwa.gov • rentonwa.gov City of Renton Tax & Licensing Schedule C MULTIPLE ACTIVITIES TAX CREDIT WORKSHEET – ATTACH TO TAX RETURN SECTION 1 EXTERNAL CREDITS (taxes paid to other local jurisdictions) Column 1 Column 2 Column 3 Column 4 Gross Receipts Tax Paid Code Activity which results in a credit Taxable Amount Renton Non-Renton Credit 70 Wholesaling in Renton of products extracted, manufactured, or printed outside of Renton 71 Retailing Renton of products extracted, manufactured, or printed outside of Renton 72 Manufacturing in Renton of products extracted outside of Renton Subtotal of taxes paid to other local jurisdictions SECTION 2 INTERNAL CREDITS (taxes paid to Renton) Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Code Activity which results in a credit Taxable Amount Extracting Manufacturing/ Printing Wholesaling Retailing Credit 73 Manufacturing activities on products extracted in Renton /////////////////// /////////////////// /////////////////// /////////////////// 74 Wholesaling in Renton of products extracted in Renton //////////////////// //////////////////// /////////////////// /////////////////// 75 Wholesaling in Renton of products manufactured in Renton //////////////////// //////////////////// /////////////////// /////////////////// 76 Wholesaling in Renton of products printed in Renton //////////////////// //////////////////// /////////////////// /////////////////// 77 Retailing in Renton of products extracted in Renton //////////////////// //////////////////// /////////////////// /////////////////// 78 Retailing in Renton of products manufactured in Renton //////////////////// //////////////////// /////////////////// /////////////////// 79 Retailing in Renton of products printed in Renton //////////////////// //////////////////// /////////////////// /////////////////// Subtotal of taxes paid to Renton Total External and Internal Credits from Section 1 and Section 2 (transfer this amount to the Credit line 9 on the Tax Return) INSTRUCTIONS 1. Find the activity (70-79) that applies to your business (more than one may apply) 2. Enter in column 1 the Taxable Amount pertaining to the activity (gross less deductions) 3. Calculate the amount of the credit and enter the total amount of credits from Section 1 and Section 2 into the Total Credits box. SECTION 1 EXTERNAL CREDITS 1. Enter in column 2 the Renton B&O tax due on the amount in column 1 (use the tax rate shown on the tax return) 2. Enter in column 3 the tax paid to another local jurisdiction on the same taxable amounts 3. Enter in column 4 the lesser of columns 2 or 3 SECTION 2 INTERNAL CREDITS 1. Enter in columns 2-5 the Renton B&O tax due on each of the activities as applicable 2. For activity 73, enter in column 6 the lesser of the tax amount in columns 2 or 3 3. For activity 74, enter in column 6 the lesser of the tax amount in columns 2 or 4 4. For activities 75-76, enter in column 6 the lesser of the tax amount in columns 3 or 4 5. For activity 77, enter in column 6 the lesser of the tax amount in columns 2 or 5 6. For activities 78-79, enter in column 6 the lesser of the tax amount in columns 3 or 5 7. If the tax amounts are equal (one is not less than the other) for activities 73-79, then enter one of the tax amounts into column 6. Business Name & Address: Date Due: Reporting Period: UBI: Account #: File online: www.FileLocal-wa.gov Mail tax returns to: City of Renton Tax & Licensing P.O. Box 35136 Seattle, WA 98124 $ $ $