450 Tennessee Form PDF Details

The 450 Tennessee form, officially known as the State and Local Sales and Use Tax Return, serves as a crucial document for businesses operating within Tennessee to accurately report and remit sales and use taxes. Updated by the Tennessee Department of Revenue, this comprehensive form encompasses various sections aimed at capturing detailed financial activities, inclusive of gross sales, purchases exempted under resale certificates, out-of-state acquisitions, and the fabrication or extraction of tangible personal property for in-state use. Additionally, it details the calculation of taxes owed, adjustments for tax-exempt transactions, credits, penalties, and interest. The form also facilitates amendments, signaling final returns or changes in mailing addresses, ensuring taxpayers can manage their tax affairs efficiently. The digital submission option further streamlines the process, directing users towards the Department's website for a seamless filing experience. This form also addresses the specifics of local tax obligations, single article and reduced rate transactions, as well as specialized fees such as the Central Business Improvement District Fee and the Prepaid Wireless 911 Surcharge, ultimately guiding sellers in navigating the complexities of Tennessee's tax landscape.

QuestionAnswer
Form Name450 Tennessee Form
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namestennessee sales form, sls 450, sales form tennessee pdf, form tennessee sales

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TENNESSEE DEPARTMENT OF REVENUE

RV-R0012001 (2/20)

STATE AND LOCAL SALES AND USE TAX RETURN

 

 

Filing Period

 

Account Number

 

SLS

 

 

 

 

450

Due Date

 

Location ID

 

 

 

 

 

 

Legal Name

 

 

 

 

 

 

 

 

Mailing Address

 

 

 

 

 

 

 

City

 

State

ZIP Code

 

 

 

 

 

Check if applicable:

Amended return

Final return

Change of mailing address

Location Address

City

State

ZIP Code

Taxpayers should submit their return and payment from Line 20 by visiting the Department's website at

https://tntap.tn.gov/eservices

 

 

 

 

Round to nearest dollar

1.

Gross sales

(1)

________________________

2.

Cost of personal property purchased on a resale certificate but used

(2) ________________________

3.

Cost of out-of-state purchases and property imported into Tennessee for use

(3)

________________________

4.

Fair market value of tangible personal property fabricated, produced, compounded, or severed from the earth

 

 

 

for use in Tennessee

(4)

________________________

5.

Total sales and purchases (add Lines 1-4)

. (5)

________________________

6.

Exempt transactions from Schedule A Line 11

(6)

________________________

7.

State net taxable total (subtract Line 6 from Line 5)

(7)

_________________________

8.

State sales and use tax (multiply non-food sales and purchases by 7%)

(8)

________________________

9.

State food tax (multiply food sales by 4%)

(9)

________________________

10.

Local sales and use tax from Schedule B, Line 8

 

 

(10)

________________________

 

 

 

 

11.

 

 

 

(11)

________________________

Tax collected in excess of state and local levies

12.

State tax on transactions subject to single article and reduced rates from Schedule C Line 15

(12)

________________________

13.

Local tax on transactions subject to the special tax rate from Schedule C Line 15

(13)

________________________

14.

Central Business Improvement District Fee from Schedule D Line 10

(14)

________________________

15.Prepaid Wireless 911 Surcharge $1.16 per retail transaction for prepaid wireless telecommunications less 2%

 

administrative fee

(15)

________________________

16.

Net tax due (add Lines 8-15)

(16)

________________________

17.

Credit memo balance

(17)

________________________

18.

Penalty (see instructions)

(18)

________________________

19.

Interest (see instructions)

(19)

________________________

20.Total tax due - If filed timely, subtract Line 17 from Line 16, If filed late, subtract Line 17 from Line 16 and add

Lines 18 and 19

(20) ________________________

FOR OFFICE USE ONLY

Schedule A- Exempt Transactions (See Separate Instructions)

1.

Net taxable food sales

(1)

____________________

2.

Sales made to vendors or other establishments for resale, and sales of items to be used in processing

 

 

 

articles for sale. (Certificates of Resale required)

(2)

____________________

3.

Sales of items paid for with SNAP Benefits

(3)

____________________

4.

Sales to federal or Tennessee governments and qualified nonprofit institutions (Certificate required)

(4)

____________________

5.

Returned merchandise reported as sales on this or a previous return. Show on Schedule B, Line 2

 

 

 

amounts claimed on Schedule B, Line 4, of prior returns

(5)

____________________

6.

Exempt industrial machinery and agricultural purchases

(6)

____________________

7.

Sales in interstate commerce

(7)

____________________

8.

Repossessions - portion of unpaid principal balances in excess of $500 due on TPP repossessed from

 

 

 

customers. Report same amount on Schedule B, Line 2

(8)

____________________

9.

Other deductions (See instructions)

(9)

____________________

10. Sales Tax Holiday (last Friday in July through following Sunday)

(10) ____________________

11. Total exemptions (Add Lines 1 through 10; enter here and on First Page, Line 6)

(11) ____________________

Attention Sellers located outside Tennessee:

Beginning October 1, 2019, all sales that originate from a business located outside of Tennessee and sold to a destination inside Tennessee must be reported using the tax rate applicable to the delivery destination. Report all your sales made by location using Schedule E and bring total of all sales from Columns C through J over to Lines 1 through 8 below.

Schedule B - Local Sales and Use Tax (See Separate Instructions)

1.

State net taxable total from First Page, Line 7

(1)

____________________

2.

Adjustments (total of Schedule A, Line 1 and any applicable amounts from Schedule A, Lines 5 and 8)

(2)

____________________

3.

Total with adjustments (add Lines 1 and 2)

(3)

____________________

4.

Excess amount over single article tax base

(4)

____________________

5.

Energy fuel sales taxed at full state rate

(5)

____________________

6.

Other deductions including sales of specified digital products and of merchandise sold through vending machines (6) ____________________

7.

Net taxable total (subtract Lines 4, 5, and 6 from Line 3)

(7)

____________________

8.

Local sales and use tax (multiply Line 7 x the applicable local tax rate; Enter here and on the first page, Line 10)....

(8)

____________________

Schedule C - State Single Article Tax and Special Tax Rates (See Separate Instructions) If no taxable single articles were sold at $1,600 or above, or if you have no special tax rate products to report, put $0 on Lines 9 and 15 below

and on Lines 12 and 13 on the first page.

1.

Taxable single article sales from $1,600 to $3,200

(1)

___________________

2.

State single article sales tax (multiply Line 1 x 2.75%)

(2)

___________________

3.

Industrial water sales

(3)

___________________

4.

Industrial water tax (multiply Line 3 x 1.00%)

(4)

___________________

5. Industrial energy fuel sales

(5)

___________________

6.

Industrial energy fuels tax (multiply Line 5 x 1.50%)

(6)

___________________

7.

Aviation fuel tax (total amounts from Lines A and B; multiply x 4.50%)

(7) ____________________

A.Taxable aviation fuel sales ($__________) Gallons (__________)

B.Out-of-state purchases for use ($_________) Gallons (__________)

8. Water carrier energy fuel tax (total amounts from Lines A and B; multiply x 7.00%)

 

 

(8) ____________________

 

A. Taxable energy fuel sales to water carriers ($__________) Gallons (__________)

 

 

 

 

 

 

 

 

B. Out-of-state purchases for use ($__________) Gallons (________)

 

 

 

 

 

 

 

 

 

9. State single article and reduced rates tax (Add Lines 2, 4, 6, 7, and 8)

 

 

(9)___________________

 

 

 

Enter here and on Line 12 on the first page

 

 

 

10. Local industrial water tax (multiply total sales x 0.50%)

 

 

(10) __________________

11. Specified digital products sales

 

 

(11) __________________

12. Specified digital products local tax (multiply Line 11 x 2.50%)

 

 

(12) __________________

13. Sales of merchandise through vending machines

 

 

(13) __________________

14. Local tax on merchandise sold through vending machines (Multiply Line 13 x 2.25%)

 

 

(14) __________________

15. Total local special rates tax (Add Lines 10, 12, and 14). Enter here and on Line 13 on the first page

(15) __________________

 

Schedule D- Central Business Improvement District (CBID) Schedule

 

 

 

1.

Gross sales less exempt transactions (Page 1, Line 1 minus Line 6) plus net taxable food sales

 

 

 

 

(Schedule A, Line 1)

 

 

(1) ___________________

2 . Sales of professional services included in Line 1 above

 

 

(2) ___________________

3.

Sales of lodging provided to transients not included in exempt transactions

 

 

(3) ___________________

4.

Sales of tickets to sporting events or other live ticketed events not included in exempt transactions

(4) ___________________

5.

Sales of alcoholic beverages subject to LBD tax not included in exempt transactions

 

 

(5) ___________________

6.

Sales of newspapers and other publications not included in exempt transactions

 

 

(6) ___________________

7.

Sales of overnight and long-term parking not included in exempt transactions

 

 

(7) ___________________

8.

Total CBID Exempt Sales - add Lines 2 - 7

 

 

(8) ___________________

9.

Net Sales - subtract Line 8 from Line 1

 

 

(9) ___________________

10. Central Business Improvement District Fee - multiply Line 9 x 0.25%. Enter here and on page 1, Line 14

(10)___________________

 

 

 

 

 

Under penalties of perjury, I declare that I have examined this report, and to the best of my knowledge and belief,

 

 

it is true, correct, and complete.

 

 

 

 

 

 

____________________________________________________

_____________________ __________________________________________

 

 

Taxpayer's Signature

Date

Title

 

 

 

____________________________________________________

_____________________ ________________

________________________

 

 

Tax Preparer's Signature

Preparer's PTIN

Date

Telephone

 

 

____________________________________________________

____________________________ ________

________________________

 

 

Preparer's Address

City

 

State

ZIP Code

 

 

Preparer's Email Address____________________________________________________________________________________________

 

 

 

 

 

 

 

Schedule E - For Sellers Located Outside Tennessee Destination Sales Report

A

B

C

D

E

F

 

G

 

H

 

I

 

J

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City or County

Sales Tax

State Net

Adjustments

Adjusted

Excess of

 

Energy Fuel

 

Other

 

Local Net

 

 

Location

Holiday

Taxable Total

Total

Single Article

 

Sales

 

Deductions

 

Taxable Total

 

Local Tax

 

 

 

 

 

Tax Base

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: If you have additional entries to report, please add additional Schedules as needed. Report total of all sheets on last page.

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This form will need particular data to be filled in, so you should take your time to type in what's required:

1. Firstly, when filling out the sls 450 tennessee form, start with the area with the subsequent fields:

How you can fill in 450 sls portion 1

2. Once your current task is complete, take the next step – fill out all of these fields - Gross sales Cost of personal, Lines and , administrative fee , and Interest see instructions with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Interest see instructions , administrative fee , and Lines and in 450 sls

3. The next part is relatively simple, Net taxable food sales , Sales made to vendors or other, articles for sale Certificates of, Sales of items paid for with SNAP, Sales to federal or Tennessee, Returned merchandise reported as, amounts claimed on Schedule B Line, Exempt industrial machinery and, Sales in interstate commerce , Repossessions portion of unpaid, customers Report same amount on, Other deductions See instructions, Sales Tax Holiday last Friday in, and Total exemptions Add Lines - these blanks will have to be filled in here.

Filling in part 3 in 450 sls

4. This subsection comes with these blanks to look at: Beginning October all sales that, State net taxable total from, Adjustments total of Schedule A, Total with adjustments add Lines , Excess amount over single article, Energy fuel sales taxed at full, Other deductions including sales, Net taxable total subtract Lines , and Local sales and use tax multiply.

Step # 4 in filling in 450 sls

5. To conclude your document, this particular section has some extra fields. Filling out Schedule C State Single Article, Taxable single article sales from, State single article sales tax, Industrial water sales , Industrial water tax multiply, Industrial energy fuel sales , Industrial energy fuels tax, Aviation fuel tax total amounts, A Taxable aviation fuel sales , B Outofstate purchases for use , Water carrier energy fuel tax, B Outofstate purchases for use , and State single article and reduced will conclude everything and you'll be done in a tick!

Completing part 5 of 450 sls

Those who use this document frequently make some errors when completing Schedule C State Single Article in this area. You should definitely re-examine what you type in right here.

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