Get 2009 - 2010 State Of Delaware Division Of Revenue Form 402ltr 9901 Reset Computation Schedule For

Completing the 2009 - 2010 state of delaware division of revenue form 402ltr 9901 reset computation schedule is essential for businesses seeking a license tax reduction for approved new facilities. This guide provides clear and step-by-step instructions to help users fill out the form accurately online.

Follow the steps to complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In Part A, enter your federal employer identification number, tax period ending date, and the name and address of the taxpayer. If the location of the qualifying business facility is different from the address provided, ensure to fill that in as well. Lastly, include the date when operations commenced and the targeted area number.
3. In Part B, check all the appropriate business activities that apply to your facility. Ensure that you have confirmed your qualifications for any specific activities listed.
4. Proceed to Part C where you will compute the new business facility credit. Start by entering the total gross receipts for the facility in line 1, then enter any applicable exclusion for the business type in line 2.
5. Subtract the amount entered in line 2 from line 1. In line 4, enter the relevant tax rate for your business type, then multiply the result from line 3 by the tax rate entered in line 4 to calculate the tax before any reductions.
6. Identify the amount of gross receipts attributable to your new business facility in line 6, and calculate the percent of new facility receipts to total receipts in line 7 by dividing line 6 by line 1.
7. Enter the number of months elapsed since operations commenced on line 8. Then, using the number of months from line 8, refer to the provided chart to identify and enter the percentage of tax reduction on line 9.
8. Multiply the values in lines 5, 7, and 9 together to calculate your new business facility tax credit. Place this amount on line 10 and also on the 'Approved Tax Credit' line of your gross receipts tax coupon.
9. Finally, attach this completed form to your monthly or quarterly license tax gross receipts coupon before submitting it.

Complete your document online for timely tax submissions and to claim your benefits.