Form T-72 "Public Service Corporation Gross Earnings Tax Return" - Rhode Island

What Is Form T-72?

This is a legal form that was released by the Rhode Island Department of Revenue - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on November 1, 2016;
  • The latest edition provided by the Rhode Island Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form T-72 by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue.

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Download Form T-72 "Public Service Corporation Gross Earnings Tax Return" - Rhode Island

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State of Rhode Island Division of Taxation
2020 Form T-72
20111999990101
Public Service Corporation Gross Earnings Tax Return
Name
Federal employer identification number
Address
For the period ending:
Address 2
City, town or post office
State
ZIP code
E-mail address
TYPE OF PUBLIC SERVICE CORPORATION:  Please check the appropriate box below and complete the schedule that pertains to that
public service type. All Public Service Corporations must complete schedule A before completing the appropriate tax type schedule.
Telegraph Corporations -
Gas Corporations -
Express Corporations -
Dining, Sleeping, Chair or Parlor
Schedule C
Schedule E
Schedule H
Car Corporations - Schedule J
Cable Corporations -
Electric Corporations -
Steamboat, Ferry, Toll Bridge
Schedule C
Schedule F
or Water Corps - Schedule H
Telecommunications -
Gas and Electric Corps -
Steam or Electric Railroad or
Schedule D
Schedules E, F and G
Street Railway Corps - Sch I
Schedule A - Analysis of Gross Earnings
1
Gross Earnings from Federal Form 1120, line 1c or Federal Form 1065, line 1c ...
1
2
Amount, if any, claimed not to be derived from operation (Itemized schedule of
sources and amounts must be attached).................................................................
2
3
Capital Investment Deduction..................................................................................
3
4
TOTAL GROSS EARNINGS FROM OPERATION. Subtract lines 2 and 3 from line 1...............................................
4
5
Non-Rhode Island Gross Earnings .............................................................................................................................
5
6
TOTAL RHODE ISLAND GROSS EARNINGS FROM OPERATION. Subtract line 5 from line 4..............................
6
Schedule B - Amount of Tax Due
1
Amount of Tax Due from Tax Type Schedule...........................................................
1
2
RI Credits from Schedule B-CR, Business Entity Credit Schedule, line 21.............
2
Tax Due. Subtract line 2 from line 1, but not less than $100.00 MINIMUM TAX $100.00
3
4
2020 estimated tax payments and amount carried forward from 2020 tax return....
4
5
Net Payment Due with Return. If line 3 is larger than line 4, subtract line 4 from line 3.............................................
5
6
Interest due: (a) Late payment interest
___________
(b) Underestimating interest
___________
Total (a) + (b)...................
6
7
Total due with return. Add lines 5 and 6......................................................................................................................
7
8
Overpayment. If line 4 is larger than line 3 and line 6, subtract line 3 and line 6 from line 4......................................
9
Amount of overpayment on line 8 to be credited to estimated tax for 2021 calendar year..........................................
9
10
Amount of overpayment on line 8 to be refunded. Subtract line 9 from line 8............................................................
10
Schedule C - Telegraph and Cable Corporations
1
Gross Earnings from all sources within Rhode Island from Schedule A, line 6......
1
2
Tax. Telegraph corporations multiply line 1 by the tax rate of 4% (0.04). Cable corporations multiply line 1 by the tax
rate of 8% (0.08) Enter here and on Schedule B, line 1.........................................................................................................
2
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Authorized officer signature
Print name
Date
Telephone number
Paid preparer signature
Print name
Date
Telephone number
Paid preparer address
City, town or post office
State
ZIP code
PTIN
May the Division of Taxation contact your preparer? YES
Revised 04/2020
Key #22
State of Rhode Island Division of Taxation
2020 Form T-72
20111999990101
Public Service Corporation Gross Earnings Tax Return
Name
Federal employer identification number
Address
For the period ending:
Address 2
City, town or post office
State
ZIP code
E-mail address
TYPE OF PUBLIC SERVICE CORPORATION:  Please check the appropriate box below and complete the schedule that pertains to that
public service type. All Public Service Corporations must complete schedule A before completing the appropriate tax type schedule.
Telegraph Corporations -
Gas Corporations -
Express Corporations -
Dining, Sleeping, Chair or Parlor
Schedule C
Schedule E
Schedule H
Car Corporations - Schedule J
Cable Corporations -
Electric Corporations -
Steamboat, Ferry, Toll Bridge
Schedule C
Schedule F
or Water Corps - Schedule H
Telecommunications -
Gas and Electric Corps -
Steam or Electric Railroad or
Schedule D
Schedules E, F and G
Street Railway Corps - Sch I
Schedule A - Analysis of Gross Earnings
1
Gross Earnings from Federal Form 1120, line 1c or Federal Form 1065, line 1c ...
1
2
Amount, if any, claimed not to be derived from operation (Itemized schedule of
sources and amounts must be attached).................................................................
2
3
Capital Investment Deduction..................................................................................
3
4
TOTAL GROSS EARNINGS FROM OPERATION. Subtract lines 2 and 3 from line 1...............................................
4
5
Non-Rhode Island Gross Earnings .............................................................................................................................
5
6
TOTAL RHODE ISLAND GROSS EARNINGS FROM OPERATION. Subtract line 5 from line 4..............................
6
Schedule B - Amount of Tax Due
1
Amount of Tax Due from Tax Type Schedule...........................................................
1
2
RI Credits from Schedule B-CR, Business Entity Credit Schedule, line 21.............
2
Tax Due. Subtract line 2 from line 1, but not less than $100.00 MINIMUM TAX $100.00
3
4
2020 estimated tax payments and amount carried forward from 2020 tax return....
4
5
Net Payment Due with Return. If line 3 is larger than line 4, subtract line 4 from line 3.............................................
5
6
Interest due: (a) Late payment interest
___________
(b) Underestimating interest
___________
Total (a) + (b)...................
6
7
Total due with return. Add lines 5 and 6......................................................................................................................
7
8
Overpayment. If line 4 is larger than line 3 and line 6, subtract line 3 and line 6 from line 4......................................
9
Amount of overpayment on line 8 to be credited to estimated tax for 2021 calendar year..........................................
9
10
Amount of overpayment on line 8 to be refunded. Subtract line 9 from line 8............................................................
10
Schedule C - Telegraph and Cable Corporations
1
Gross Earnings from all sources within Rhode Island from Schedule A, line 6......
1
2
Tax. Telegraph corporations multiply line 1 by the tax rate of 4% (0.04). Cable corporations multiply line 1 by the tax
rate of 8% (0.08) Enter here and on Schedule B, line 1.........................................................................................................
2
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and
belief, it is true, accurate and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Authorized officer signature
Print name
Date
Telephone number
Paid preparer signature
Print name
Date
Telephone number
Paid preparer address
City, town or post office
State
ZIP code
PTIN
May the Division of Taxation contact your preparer? YES
Revised 04/2020
Key #22
State of Rhode Island Division of Taxation
2020 Form T-72
20111999990102
Public Service Corporation Gross Earnings Tax Return
Name
Federal employer identification number
-
Schedule D - Telecommunications Corporations
Attach copy of pages 1 and 2 of Federal 1120, Federal 1120S or Federal 1065 Return
1
Gross Earnings from operations within RI for calendar year ending 12/31/2020.....
1
2
Deductions. Rhode Island Bad Debt and Rhode Island Access Charges...............
2
Taxable Earnings. Subtract line 2 from line 1..........................................................
3
3
4
Tax. Multiply line 3 by the tax rate of 5% (0.05). Enter here and on Schedule B, line 1............................................
4
Schedule E - Gas Corporations
1
Entire gross earnings from RI sources including sales from Schedule A, line 6......
1
Gross earnings from sale of gas and gas merchandise...........................................
2
2
3
Portion of such earnings representing merchandise sales......................................
3
4
NET invoice price of such merchandise plus transportation costs prior to sales.....
4
5
Gas Basis Taxable Gross Earnings. Subtract line 4 from line 2..............................
5
Amount of line 5 relating to manufacturing purposes for 2020...............................
6
6
7
Taxable Gross Earnings. Subtract line 6 from line 5...............................................
7
8
Gas Gross Earnings Tax. Multiply line 7 by the tax rate of 3% (0.03). GAS ONLY enter here and on Schedule B, line 1
8
Schedule F - Electric Corporations
1
Entire gross earnings from RI sources including sales from Schedule A, line 6......
1
2
Gross earnings from sale of electric and electric merchandise...............................
2
3
Portion of such earnings representing merchandise sales......................................
3
4
NET Invoice price of such merchandise plus transportation costs prior to sales.....
4
5
Electric Basis Taxable Gross Earnings Subtract line 4 from line 2..........................
5
6
Amount of line 5 relating to manufacturing purposes for 2020...............................
6
7
Taxable Gross Earnings. Subtract line 6 from line 5...............................................
7
Electric Gross Earnings Tax. Multiply line 7 by the tax rate of 4% (0.04).
8
ELECTRIC ONLY enter here and on Schedule B, line 1
8
Schedule G - Gas and Electric Corporations - Complete Schedules E and F first
1
Gas Gross Earnings Tax from Schedule E, line 8....................................................
1
2
Electric Gross Earnings Tax from Schedule F, line 8...............................................
2
Total Tax. Add lines 1 and 2. Enter here and on Schedule B, line 1..........................................................................
3
3
Schedule H - Steamboat, Ferry, Toll Bridge, Water or Express Corporations
1
Entire gross earnings from RI sources including sales from Schedule A, line 6......
1
2 Tax. Steamboat, ferry, toll bridge and water corporations multiply line 1 by the tax rate of 1.25% (0.0125).
Express corporations multiply line 1 by the tax rate of 4% (0.04). Enter here and on Schedule B, line 1..................
2
Schedule I - Steam or Electric Railroad or Street Railway Corporations
Total mileage of tracks within RI operated by such utility for steam or electric rail-
1
road or street railway purposes, exclusive of sidings and turnouts, on 12/31/2020
1
2
Total mileage of tracks both within and without Rhode Island operated by such
utility for steam or electric railroad or street railway purposes, exclusive of sidings
and turnouts, on 12/31/2020..................................................................................
2
_._ _ _ _ _ _
Proportion in Rhode Island. Divide line 1 by line 2 and carry to 6 decimal places.
3
3
4
Entire Gross Earnings from Operation from Schedule A, line 4..............................
4
5
Gross Earnings Apportioned to Rhode Island. Multiply line 4 by the line 3............
5
6
Tax. Multiply line 5 by the tax rate of 1.25% (0.0125). Enter here and on Schedule B, line 1 .................................
6
Schedule J - Dining, Sleeping, Chair or Parlor Car Corporations
1
Number of miles within Rhode Island cars were operated during 2020.................
1
Number of miles both within and without RI cars were operated during 2020.......
2
2
_._ _ _ _ _ _
3
Proportion in Rhode Island. Divide line 1 by line 2 and carry to 6 decimal places..
3
4
Entire Gross Earnings from Operation from Schedule A, line 4...............................
4
5
Gross Earnings Apportioned to Rhode Island. Multiply line 4 by the line 3.............
5
6
Tax. Multiply line 5 by the tax rate of 1.25% (0.0125). Enter here and on Schedule B, line 1...................................
6
Return is due on or before the 15th day of the 4th month following the end of the taxable year except for
for filers with a fiscal year end of June 30. The due date for those filers is September 15.
Mail to: RI Division of Taxation - One Capitol Hill - Providence, RI 02908
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