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Home My WebLink AboutTax Return_________________________________________________________________________________________________________________ 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 Annual Tax Return I hereby certify that the statements and information provided on this tax return are true and complete to the best of my knowledge. Preparer Name: Title: Phone: Email: Signature: Date: ☐If there is no business activity, check this box then proceed to certification. ☐If your business has closed, check this box then proceed to certification. Date of closure: ____________________ SECTION 1 BUSINESS AND OCCUPATION TAX - GROSS RECEIPTS If annual total taxable receipts, in THIS SECTION ONLY, are less than the $500,000 annual threshold, then no payment is due for this section Line No. Column 1 Tax Classification Code No. Column 2 Gross Receipts Column 3 Deductions** Column 4 Taxable Receipts Column 5 Tax Rate Column 6 Tax Due 1 Wholesaling 02 0.00121 $ 2 Retailing 03 0.00070 $ 3 Retail Services 07 0.00121 $ 4 Service & Other (Not Apportioned) 06 0.00121 $ 5 Service & Other (Apportioned) ** 12 Carryover from Schedule A → → → → → 0.00121 $ 6 Manufacturing/Processing for Hire 01 0.00121 $ 7 Printing/Publishing 04 0.00121 $ 8 Extracting/Extracting for Hire 11 0.00121 $ 9 Less Multiple Activities Tax Credit ** 20 Carryover from Schedule C → → → → → → → → → → → → → → →→ ( ) 10 Less New Business Tax Credit 87 Eligible New Business Tax Credit FTE Positions FTE # x $1000 ( ) 11 Enter Taxable Receipts Sub-Total → → → → → → → → → → → → → → → → →→ Sub-Total $ SECTION 2 UTILITY TAXES This section is for Utility Service Companies ONLY (NO taxable receipt threshold for Utility Taxes) 12 Telephone 40 0.060 $ 13 Cellular 41 0.060 $ 14 Gas 42 0.060 $ 15 Electricity 43 0.060 $ 16 Cable TV 44 0.060 $ 17 Water 45 0.068 $ 18 Solid Waste 46 0.068 $ 19 Sewer 47 0.060 $ 20 Storm Drainage 48 0.068 $ 21 Utility Tax Sub-Total → → → → → → → → → → → → → → → → → → → → → → → → → → → → → → → → Sub-Total $ SECTION 3 OTHER TAXES (NO taxable receipt threshold for Other Taxes) 22 Amusement Games 60 0.020 $ 23 Pull Tabs/Punch boards 61 0.050 $ 24 Bingo/Raffles 62 0.050 $ 25 Card Games 63 0.100 $ 26 Admission Charges 64 0.050 $ 27 Other Tax Sub-Total → → → → → → → → → → → → → → → → → → → → → → → → → → → → → → → → Sub-Total $ Additional schedules can be found at Business and Occupation Tax | City of Renton Tax Sub-Totals $ Penalties - (see back) $ Interest - (see back) $ Total Due $ File online: www.FileLocal-wa.gov Mail tax returns to: City of Renton Tax & Licensing P.O. Box 35136 Seattle, WA 98124 Business Name & Address: Date Due: Reporting Period: UBI: Account #: _________________________________________________________________________________________________________________ City of Renton Tax & Licensing • 1055 S Grady Way, Renton, WA 98057 • 425-430-6851 • taxandlicensing@rentonwa.gov • rentonwa.gov City of Renton Tax & LicensingTax Return GENERAL INFORMATION: Every person, firm, association or corporation engaging in business activities in the city, unless otherwise exempted, is subject to taxation and must file a tax return under the appropriate tax classifications. The City of Renton administers business & occupation taxes (gross receipts tax). In addition, the city administers taxes on admissions, gambling activities, and utility business and occupation activities. Descriptions of the various tax classifications and allowable deductions are provided in Title 5 Chapter 26 of the Renton Municipal Code (RMC). In addition, the city publishes a pamphlet entitled "Guide to the city's Business & Occupation Tax". The pamphlet provides general filing information regarding common types of businesses. If you have any questions or would like to request a copy of the Guide please contact the Tax & Licensing Division at 425-430-6851, or find it online at renton-tax- guide.pdf GROSS RECEIPTS B&O TAX: The gross receipts B&O tax is measured on gross proceeds of sales or gross income for the reporting period. For purposes of the gross receipts tax, business activities are reported by classification. UTILITY & OTHER TAXES: Following is a brief synopsis of other taxes that may apply to your business: Utility Taxes: This tax is similar to the gross receipts tax, but it is imposed on utility businesses. Businesses engaging in the following activities are subject to these taxes: telephone, cellular, gas, electric, water, sewerage, drainage, cable TV and garbage. Admission Tax: This tax is levied upon admission charges for entrance to an event or establishment. It is collected for the city by the business charging the admission, similar to the sales tax. The admission tax is computed on the admission price. Gambling Taxes: All persons licensed by the Washington State Gambling Commission to conduct gambling activities in the city are required to pay gambling taxes. Gambling activities include: bingo games, raffles, cards, amusement games, punchboards and pull-tabs. CALCULATING YOUR TAX LIABILITY: If you claim a deduction, a Multiple Activities Tax Credit, and/or you apportion income that is taxable under the Service and Other gross receipts tax classification, you must include the appropriate schedule form with your return. If a required form is not provided, the deduction, credit, or apportioned amounts will be denied. SECTION I: If your business generates gross receipts, determine which tax classification(s) relate to your business activity (Column 1). Businesses conducting several types of activities may report in more than one tax classification. Column 2: Enter your gross receipts on the appropriate tax classification line. Column 3: Complete & submit Schedule D (Deduction Detail) with your return if you have any allowable deductions. Enter amounts of any deduction that you are entitled to for each tax classification. Column 4: Subtract the values entered in Column 3 from those entered in Column 2, and enter the results in Column 4. Sub-total the Gross Receipts amounts and enter on Line 11. Column 6: If the gross receipts sub-total amount on Line 11, Column 4 is less than the $500,000 annual threshold level, enter "0" on Line 11 in Column 6. If the gross receipts sub-total amount is greater than the $500,000 annual threshold, multiply each line item in Column 4 by the tax rate listed in Column 5. Enter the results for each line in Column 6. Note: See RMC 5-25 for tax credit requirements. SECTIONS 2 & 3: Complete sections 2 & 3 if your business generates gross receipts on admissions, gambling and/ or utility activities. Refer to RMC Title 5 for detailed descriptions of the various tax classifications and allowed deductions for certain business activities. Determine which tax classification(s) relate to your business activity. Businesses conducting several types of activities may report in more than one tax classification. Column 2: Enter your gross receipts under the appropriate tax Classification Column 3: Complete & submit Schedule D (Deduction Detail) with your return if you have any allowable deductions. Enter amounts of any deduction that you are entitled for each tax classification. Column 4: Subtract the values entered in Column 3 from those entered in Column 2, and enter the results. Column 6: Multiply the amount in Column 4 by the tax rate listed in Column 5 and enter the result in Column 6. TAX SUB-TOTALS: Calculate and enter Tax Sub-totals from Sections 1 (Gross Receipts Tax), 2 (Utility Taxes) and 3 (Other Taxes) in the field provided beside Tax Sub-Totals. PENALTIES: Calculate the penalty on the amount reported in the TAX SUB- TOTALS and enter the penalty amount in the field provided. Penalty is calculated as follows: If not paid by the due date penalty is 9% ($5 minimum) If not paid on or before the last day of the month following the due date penalty is 19% ($5 minimum) If not paid on or before the last day of 2nd month following the due date penalty is 29% ($5 minimum) INTEREST: Calculate interest in accordance with RMC 5-26 and enter the amount in the field provided. TOTAL DUE: Add Total Tax, Penalty, and Interest, and enter the result in the field provided. Then, please print name, title, phone, email, sign and date your return, and remit back with the appropriate forms and payment. REPORTING FREQUENCY: Tax payments are due on or before the last day of the month following the end of the reporting period covered by the return. Tax returns must be filed by the due date whether or not any tax is owed. Monthly filers are only classified as monthly for Utility or Other Taxes B&O taxes are required to be reported on an Annual or Quarterly basis as specified by the department. GENERAL INSTRUCTIONS