Get Rct 102

The Rct 102 is an essential form used for claiming the manufacturing exemption in Pennsylvania. This guide aims to provide clear, step-by-step instructions for completing the Rct 102 online, ensuring a smooth filing process for all users.

Follow the steps to accurately complete the Rct 102 schedule.

1. Press the ‘Get Form’ button to access the Rct 102 and open it in the online editor.
2. Complete the corporation name field, ensuring that you enter the full legal name of the corporation as registered.
3. Enter the revenue ID, which is a unique identifier for your corporation in the state tax system.
4. Specify the tax year by filling in the beginning and ending dates in the MMDDYYYY format, avoiding any dashes or slashes.
5. Follow the preparation instructions to ensure that the form is filled out by an authorized person engaged in production or manufacturing.
6. Detail the net book values of assets at the beginning and end of the period in Columns A-1 and A-2, and calculate the average for Column A-3.
7. Enter the average value of claims for tangible and intangible assets in Column B, ensuring they are not listed in other columns.
8. Fill in Column C with the average value of tangible assets not used in manufacturing activities and the average value of intangible assets.
9. Indicate the value of tangible and intangible assets actually employed in manufacturing in Column D.
10. In Column E, report all assets used in manufacturing and nonmanufacturing activities; ensure clarity about their purposes.
11. Complete Columns F and G, submitting a detailed schedule for any exemptions claimed and explaining the calculation method.
12. Finally, ensure all data is accurately filled, save changes, and proceed to download or print the completed form before submission.

Start filling out your Rct 102 online to ensure compliance and take advantage of the manufacturing exemption.