Get Form 51a129 - Kentucky: Department Of Revenue - Revenue Ky

This guide provides a comprehensive walkthrough for filling out Form 51A129, the Kentucky sales and use tax energy exemption annual return. Whether you are new to tax forms or looking to refresh your knowledge, this resource aims to support you in completing the form accurately and efficiently.

Follow the steps to successfully complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill in the period beginning and period ending dates to indicate the applicable reporting period.
3. Enter the return due date, ensuring you are aware of filing deadlines.
4. Provide your name and mailing address accurately to ensure proper correspondence.
5. List the name and location address of your business or facility.
6. Indicate the name of the preparer, and include the sales tax permit account number.
7. Provide a telephone number for contact purposes.
8. In Part I, compute your eligibility for the energy exemption. Complete Line 1 by entering the total cost of all energy purchased, and attach a schedule listing suppliers.
9. On Line 2, enter the cost of energy or fuel not used in production. Subtract this from Line 1 to complete Line 3.
10. Record the actual cost of production on Line 4, referencing attached schedules as necessary.
11. Calculate 3% of Line 4 for Line 5.
12. Proceed to Part II to reconcile estimated tax with actual tax. Enter actual production cost on Line 1.
13. Fill in Line 2 with production energy subject to tax, calculated from Line 1.
14. Provide any energy purchased without tax that was not used in production on Line 3.
15. Sum Lines 2 and 3 for Line 4 to find the total subject to tax, then calculate tax amount on Line 5 (6% of Line 4).
16. In Line 6, enter the estimated tax paid from monthly returns and attach a detailed schedule.
17. Calculate any additional tax due on Line 7 and apply compensation on Line 7a if applicable.
18. Complete the payment information indicating any amounts due or overpayments in the following lines.
19. In Part III, estimate amounts for the current year based on calculations from the prior year.
20. Finally, review the form for accuracy, save your changes, and prepare to submit the completed form as instructed.

Complete your Form 51A129 online today for accurate and timely filing.