Instructions for Form SM-100 "Sports and Entertainment Facility Tax - Millville District - Worksheet" - New Jersey

This document contains official instructions for Form SM-100, Sports and Entertainment Facility Tax - Millville District - Worksheet - a form released and collected by the New Jersey Department of the Treasury. An up-to-date fillable Form SM-100 is available for download through this link.

Instruction Details:

  • This 4-page document is available for download in PDF;
  • Actual and applicable for the current year;
  • Complete, printable, and free.

Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the New Jersey Department of the Treasury.

ADVERTISEMENT
ADVERTISEMENT

Download Instructions for Form SM-100 "Sports and Entertainment Facility Tax - Millville District - Worksheet" - New Jersey

Download PDF

Fill PDF online

Rate (4.6 / 5) 29 votes
New Jersey Sports and Entertainment Facility Tax – Millville District
Quarterly Return Instructions
This return must be filed in addition to the sales and use tax return (ST-50/51 or UZ-50)
taxes electronically. Taxpayers who are required to remit
Filing Form SM-100
payments electronically can satisfy the electronic
requirement by making e-check or credit card payments.
Filing Online
If you choose not to pay the tax due at the same time you
You can file Form SM-100 online at the Division of
file your return, you can make an electronic payment by
Taxation’s Web site
itself in a separate session. Your payment must be made
(www.state.nj.us/treasury/taxation/onlinebus.shtml).
by the due date to avoid penalty and interest charges.
Select Sports and Entertainment Facility Tax.
You will be given an opportunity to pay your tax
Who Must File
liability by e-check. If you choose to pay by e-check, be
Every entity that operates in the Millville Sports and
sure to enter the 9-digit routing number and the account
Entertainment District must file form SM -100. The
number (up to 17 characters; numbers only). If you
amount of tax due for each filing period must be
choose not to pay the tax due when you file your
remitted to the State on or before the due date of the
quarterly return, you can make an e-check payment by
return.
itself at a later time. However, your quarterly payment
must be made by the due date to avoid penalty and
interest charges.
When to File
Taxpayers subject to the tax must file a quarterly SET-
Credit Card
MI Return, (Form SM-100) and remit any tax due on or
To pay your tax liability by credit card, call
before the 20th day of month following the end of the
1-888-673-7694 or go to the Division of Taxation’s Web
calendar quarter.
site at www.state.nj.us/treasury/taxation/ after you have
Quarter
Ending
Due Date
completed your telephone filing and received a
Jan.-Feb.-Mar.
March 31
April 20
Confirmation Number. Go to
Apr.-May-June
June 30
July 20
www.state.nj.us/treasury/taxation/onlinebus.shtml
and
July-Aug.-Sept.
September 30
October 20
“Sports and Entertainment Facility Tax.” Click on the
Oct.-Nov.-Dec.
December 31
January 20
link “File Online.” Once you have entered your New
Jersey Taxpayer Identification Number and PIN (or
If a due date falls on a Saturday, Sunday, or legal
business name), choose “All Other Payments –
holiday, the return is due the next business day. Returns
Deficiencies” from the list, enter the month and year for
transmitted by 11:59 p.m. on the due date will be
which you are making a payment, and continue. A
deemed timely.
usage fee will be added to the total tax payment when
you pay by credit card.
How to File
You may file your NJ SM-100 online at the Division’s
Penalties, Interest, and Fees
website
Failure to file a return by the due date and/or failure to
www.state.nj.us/treasury/taxation/onlinebus.shtml.
remit any taxes due by the due date will result in penalty
Select “Sports and Entertainment Facility Tax.
and interest charges. Anyone required to collect SET-
MI does so as a trustee on behalf of the State of New
How to Pay
Jersey. Thus, business owners, partners, corporate
Payments made by 11:59 p.m. on the due date will be
officers, and some employees of such businesses may be
deemed timely even if the settlement date (date payment
held personally liable for failure to collect the tax when
is debited from the account) is after the filing deadline
required or for failure to file returns and remit any taxes
provided the payment is made by e-check.
due on a timely basis.
Late Filing Penalties
A late filing penalty is assessed at 5% per month (or
fraction thereof) of the balance of tax liability due at the
Electronic Check (e-check)
Taxpayers with a prior year liability of $10,000 or more
original return due date not to exceed 25% of such tax
in any tax are required to make their payments for all
liability. A penalty of $100 per month (or fraction
SET-MI Instructions (7/16)
1
New Jersey Sports and Entertainment Facility Tax – Millville District
Quarterly Return Instructions
This return must be filed in addition to the sales and use tax return (ST-50/51 or UZ-50)
taxes electronically. Taxpayers who are required to remit
Filing Form SM-100
payments electronically can satisfy the electronic
requirement by making e-check or credit card payments.
Filing Online
If you choose not to pay the tax due at the same time you
You can file Form SM-100 online at the Division of
file your return, you can make an electronic payment by
Taxation’s Web site
itself in a separate session. Your payment must be made
(www.state.nj.us/treasury/taxation/onlinebus.shtml).
by the due date to avoid penalty and interest charges.
Select Sports and Entertainment Facility Tax.
You will be given an opportunity to pay your tax
Who Must File
liability by e-check. If you choose to pay by e-check, be
Every entity that operates in the Millville Sports and
sure to enter the 9-digit routing number and the account
Entertainment District must file form SM -100. The
number (up to 17 characters; numbers only). If you
amount of tax due for each filing period must be
choose not to pay the tax due when you file your
remitted to the State on or before the due date of the
quarterly return, you can make an e-check payment by
return.
itself at a later time. However, your quarterly payment
must be made by the due date to avoid penalty and
interest charges.
When to File
Taxpayers subject to the tax must file a quarterly SET-
Credit Card
MI Return, (Form SM-100) and remit any tax due on or
To pay your tax liability by credit card, call
before the 20th day of month following the end of the
1-888-673-7694 or go to the Division of Taxation’s Web
calendar quarter.
site at www.state.nj.us/treasury/taxation/ after you have
Quarter
Ending
Due Date
completed your telephone filing and received a
Jan.-Feb.-Mar.
March 31
April 20
Confirmation Number. Go to
Apr.-May-June
June 30
July 20
www.state.nj.us/treasury/taxation/onlinebus.shtml
and
July-Aug.-Sept.
September 30
October 20
“Sports and Entertainment Facility Tax.” Click on the
Oct.-Nov.-Dec.
December 31
January 20
link “File Online.” Once you have entered your New
Jersey Taxpayer Identification Number and PIN (or
If a due date falls on a Saturday, Sunday, or legal
business name), choose “All Other Payments –
holiday, the return is due the next business day. Returns
Deficiencies” from the list, enter the month and year for
transmitted by 11:59 p.m. on the due date will be
which you are making a payment, and continue. A
deemed timely.
usage fee will be added to the total tax payment when
you pay by credit card.
How to File
You may file your NJ SM-100 online at the Division’s
Penalties, Interest, and Fees
website
Failure to file a return by the due date and/or failure to
www.state.nj.us/treasury/taxation/onlinebus.shtml.
remit any taxes due by the due date will result in penalty
Select “Sports and Entertainment Facility Tax.
and interest charges. Anyone required to collect SET-
MI does so as a trustee on behalf of the State of New
How to Pay
Jersey. Thus, business owners, partners, corporate
Payments made by 11:59 p.m. on the due date will be
officers, and some employees of such businesses may be
deemed timely even if the settlement date (date payment
held personally liable for failure to collect the tax when
is debited from the account) is after the filing deadline
required or for failure to file returns and remit any taxes
provided the payment is made by e-check.
due on a timely basis.
Late Filing Penalties
A late filing penalty is assessed at 5% per month (or
fraction thereof) of the balance of tax liability due at the
Electronic Check (e-check)
Taxpayers with a prior year liability of $10,000 or more
original return due date not to exceed 25% of such tax
in any tax are required to make their payments for all
liability. A penalty of $100 per month (or fraction
SET-MI Instructions (7/16)
1
thereof) for each month the return is late will also be
• Installment sales or other sales on credit made during
imposed.
the quarter.
Do not include in gross receipts:
• Installment payments from installment sales or other
Late Payment Penalty
A late payment penalty is assessed at 5% of the balance
sales on credit.
of the taxes due and paid late.
• Sales tax collected.
• Trade-in allowances.
Adequate records should be maintained showing
Interest
The annual interest rate is 3% above the average
separately all exclusions from gross receipts.
predominant prime rate. Interest is imposed each month
(or fraction thereof) on the unpaid balance of the tax
Deductions
from the due date to the date of payment. At the end of
You may deduct the amount of all sales included in
each calendar year, any tax, penalties, and interest
gross receipts which are not taxable under New Jersey
remaining due will become part of the balance on which
law. No deduction may be taken for any amount which
interest is charged.
was not included in gross receipts on your return.
NOTE: The average predominant prime rate is the rate
Deductions may be taken only once. For example, if a
as determined by the Board of Governors of the Federal
deduction has been taken for an exempt clothing sale,
Reserve System, quoted by commercial banks to large
you may not deduct the amount again as a sale of
businesses on December 1st of the calendar year
property which was delivered out of State.
immediately preceding the calendar year in which the
Exempt Sales of Tangible Personal Property (Line
payment was due or as determined by the Director in
2a). Deduct the sales of any tangible personal property
accordance with N.J.S.A. 54:48-2.
which is specifically exempt from sales tax (e.g., sales of
clothing, etc.).
Collection Fees
Exempt Admissions (Line 2b). Deduct any admission
In addition to the above penalties and interest, if your tax
charges to sporting activities where a patron was a
bill is sent to a collection agency, a referral cost recovery
participant.
fee of 10% of the tax due will be added to your liability.
Exempt Occupancies (Line 2c). Deduct receipts from
If a certificate of debt is issued for your outstanding
occupancies exceeding 90 consecutive days or less than
liability, a fee for the cost of collection may also be
$2.00 dollars per day.
imposed.
Sales Covered by Certificates (Line 2d). Deduct
receipts from sales of property or services for which a
Gross Receipts
valid New Jersey exemption certificate or Streamlined
The accrual method of accounting must be used when
Sales Tax Agreement Certificate of Exemption was
reporting gross receipts. Under this method, all receipts
accepted in good faith in lieu of tax.
are reported in the period in which the sale took place,
Returned Goods (Line 2e). Deduct the total sales price
no matter when or if payment is actually received from
of taxable purchases returned by the customer. Include
the customer. Report gross receipts from all
only the amounts refunded or credited to the customer.
transactions, including exempt transactions, which
Do not include:
occurred during the three-month reporting period
• Sales tax collected on returned purchases.
covered by the quarterly return (Form SM-100). This
• Returns that were not subject to sales tax.
includes:
• Amounts not included in gross receipts on any return.
• Sales of tangible personal property, including the
No deduction may be taken for returned goods which
rental, storage, and use of tangible personal property.
have been or will be deducted as an exempt sale on the
• Receipts from lease transactions.
SET-MI return.
• Sales of prepared foods and beverages (including
alcohol).
Rounding Off to Whole Dollars
• Room occupancy charges.
Eliminate any amount under 50 cents and increase any
• Admission and amusement charges.
amount 50 cents or over to the next higher dollar.
• Receipts from sales of less than $0.11.
Round the amounts for the quarterly gross receipts and
deductions lines only. No other lines are to be rounded
SET-MI Instructions (7/16)
2
Receipts (to the nearest dollar) of the sum of lines a
through d. (See “Gross Receipts” on page 2 for more
Instructions for Online Filing
information). If you had no gross receipts for the quarter,
Identification
enter “0.”
New Jersey Taxpayer Identification Number. Enter
your 12-digit New Jersey Taxpayer Identification
Line 2 Deductions Enter on lines a through d the
Number. (NOTE: If you do not enter your ID number
specific deductions to the corresponding line (to the
correctly, you will not be able to file.)
nearest dollar) from all transactions that occurred during
PIN/Taxpayer Name. Enter your 4-digit PIN (Personal
the three-month reporting period covered by the return.
Identification Number) or your registered taxpayer
Enter on Line 2f the Total Deductions (to the nearest
name. (NOTE: If you do not enter your PIN or your
dollar) of the sum of lines a through e. (See
taxpayer name correctly, you will not be able to file.) If
“Deductions” on page 2 for more information). If you
you are registered to withhold New Jersey gross income
had no deductions for the quarter, enter “0.”
tax from wages or other payments, your PIN is the same
PIN that you use to file employer withholding tax
Line 3 Taxable Receipts Taxable receipts are the
returns (Forms NJ-927/NJ-500 or Form NJ-927-W)
amount of income that is subject to tax after the
online or by phone. The employer PIN is printed in the
deductions are removed from the Total Gross Receipts.
upper right-hand corner of Form REG-C contained in
(Subtract line 2f from line 1e.)
your quarterly NJ-927 forms packet. If your business
does not file employer withholding tax returns, your PIN
Line 4 Tax Rate The tax rate is the rate (2%) at which
is the same PIN you use to file sales and use tax returns
tax should be collected on the Taxable Receipts (Line 3)
(Forms ST-50/51) online. If you cannot access the
as defined in P.L. 2007 Chapter 30.
Business Online Filing System using your assigned PIN,
call the Division of Taxation’s Customer Service Center
Line 5 Calculated Tax The calculated tax due is the
at 609-292-6400 during normal business hours for
amount of Taxable Receipts (Line 3) multiplied by the
assistance.
2% Tax Rate (Line 4).
Contact Information. Enter the name and phone
number of a contact person for the taxpayer.
Line 6 Tax Collected The tax collected is the amount of
tax you have actually collected during the return period.
Return Period
Quarter: Enter the number that reflects the calendar
Enter the greater of Line 5 and
Line 7 Total Tax Due
quarter covered by the return:
Line 6.
1 – January, February, March
2 – April, May, June
Line 8 Total Payments and Credits For
3 – July, August, September
Enter the sum of all payment(s) or
Amended Quarter
4 – October, November, December
credit(s) from previous overpayment(s) in line 8.
Year: Enter the year in which the quarter you are
reporting fell. Example: If you are filing a return for the
Line 9 Quarterly Tax Due Subtract the Total Payments
second quarter of 2016, enter “2” for the quarter and
and Credits from the Total Tax Due. (Line 7 minus
“2016” for the year.
Line 8).
Line 10 Penalty and Interest. Compute any penalty and
Return Information
interest charges incurred for late payment and/or late
Tax Preparer’s Identification Number. If the return is
filing for the quarter and enter the amount on Line 10. If
being filed by a tax preparer, enter the preparer’s 9-digit
you are unable to determine this amount, enter “0.” You
Federal identification number or social security number.
will be billed for any penalty or interest due.
Line 1 Gross Receipts Enter on lines a through d the
corresponding gross sales receipts (to the nearest dollar)
Line 11 Total Amount Due. Add the Penalty and
from all transactions, including exempt transactions that
Interest (Line 10) to the Quarterly Tax Due (Line 9). If
occurred during the three-month reporting period
you have a balance due, you must pay by e-check or
covered by the return. Enter on Line 1e the Total Gross
SET-MI Instructions (7/16)
3
credit card. See “How to Pay” on page 2. You are not
required to submit a payment on the date you file the
Online Division of Taxation Website:
return, however, your payment must be made by the due
www.state.nj.us/treasury/taxation/
date to avoid penalty and interest charges.
Order Forms and Publications
To obtain copies of the EZ Telefile Worksheet and
Payment Information
Instructions, as well as other tax forms and publications:
If you wish to pay by e-check, enter on the worksheet
Call the Forms Request System from a Touch-tone
the 9-digit bank routing number, the account number
phone at 1-800-323-4400 (within NJ, NY, PA, DE, and
(omit hyphens, spaces, symbols, and letters), the type of
MD) or 609-826-4400 (anywhere). Call NJ TaxFax at
account, and the date you want the payment to be
609-826-4500 from your fax machine’s phone. Visit the
debited from your account. The earliest date you may
Division of Taxation’s Web site:
select is the next business day. However, payment
www.state.nj.us/treasury/taxation/
transactions initiated by 11:59 p.m. on the due date will
be deemed timely even if the settlement date (date
In Person
payment is debited from the account) is after the filing
Visit a New Jersey Division of Taxation Regional
deadline. You can also pay by credit card or EFT (debit
Office. For the address of the office nearest you, call the
or credit) after you have completed your online filing
Automated Tax Information System from a Touch-tone
and received a Confirmation Number. See “How to Pay”
phone at 1-800-323-4400 (within NJ, NY, PA, DE, and
on page 1. Confirmation Number. After you file your
MD) or 609-826-4400 (anywhere) or visit our Web site.
return, the system assigns you a Confirmation Number.
This number serves as proof that your return was
successfully filed. Enter the number and the date you
filed your return in the boxes on the worksheet along
with the name of the person who “filed” the return.
Your return is not filed until you receive a
Confirmation Number.
Your Confirmation Number is your only proof that your
return was successfully filed. Enter it on your worksheet
and keep the worksheet for your business files for four
years in case of audit. Do not mail it to the Division of
Taxation. If you file your quarterly return in one
session, but make your payment by e-check or EFT debit
in a separate session of the Online Filing System, you
will receive a separate Confirmation Number for the
payment transaction.
Amended Returns
If you discover an error after you file your return, file an
amended return online. If the correction results in an
overpayment of tax for the quarter, file a Claim for
Refund (Form A-3730). To obtain Form A-3730, visit
the Division of Taxation website or call the Forms
Request System. See “Where to Get Information” below.
Where to Get Information
By Phone Call the Division of Taxation’s Customer
Service Center at 609-292-6400. Representatives are
available from 8:30 a.m. to 4:30 p.m., Monday through
Friday (except holidays).
SET-MI Instructions (7/16)
4
Page of 4