Form 776-2 - Dealer / Seller Worksheet - Maryland Motor Fuel Tax
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1FORM
MARYLAND
DEALER / SELLER WORKSHEET
776-2
MOTOR FUEL
TAX
Company Name
FEIN
License Number
Period of Return (MM/YY)
Line
1 Inventory on-hand at beginning of month (From GTD-1 or GTD-300)
________________________
Add the following:
2
Tax-paid receipts from motor fuel distributors (Total Schedule 1)
________________________
3
Tax-free receipts from motor fuel distributors (Total Schedule 2)
________________________
4
Gallons imported from another state direct to customers (Total Schedule 3)
________________________
5
Gallons imported from another state into TAX-FREE storage (Total Schedule 4)
________________________
6
Total Lines 1 through 5
________________________
7
Deduct month ending physical inventory (Transfer to GTD-1 or GTD-300)
________________________
8
Gallons to account for
________________________
Distribution:
9
Taxable sales and taxable company use (Total Schedule 5)
________________________
10
Tax-free sales to motor fuel distributors (Total Schedule 6)
________________________
11
Gallons exported out of state (Total Schedule 7)
________________________
12
Bulk sales to U.S. government (Total Schedule 8)
________________________
13
Tax-free sales to state & local government (Total Schedule 9)
________________________
14
Tax-free company use, prorated stock loss, etc. (Total Schedule 10)
________________________
(
)
15
Stock gain (Transfer to GTD-1 or GTD-300)
________________________
16
Prorated taxable stock loss (Transfer to line 24B and GTD-1 or GTD-300)
________________________
17
Total distribution, Lines 9 through 16 (must equal Line 8)
________________________
18
Total taxable gallons (Line 9)
________________________
Adjustments:
19
Tax-paid purchases (Line 2)
________________________
20
United States government credit card sales (Total Schedule 11)
________________________
21
Adjustments of prior months’ reports (Schedule 12)
________________________
22
________________________
23
Taxable gallons this month (Line 18 less Lines 19 and 20, plus or minus Line 21)
________________________
24
Computation for stock loss
A.
Total taxable gallons (Line 23)
________________________
B.
Stock loss (Line 16)
________________________
C.
Total (A plus B)
________________________
25
Computation for collection allowance
A. Multiply line 24A by $0.10 per gallon
$ ________________________
B. Enter 1/2% (.005) of Line 25A
$ ________________________
26
Total taxable gallons (Line 24C)
________________________
27
Total tax (Multiply Line 26 by current tax rate per gallon)
$ ________________________
28
Total sales and use tax equivalent (SUTE) (Multiply Line 26 by current SUTE rate per gallon)
$ ________________________
29
Subtotal (Line 27 plus Line 28)
$ ________________________
30
Less collection allowance (Line 25B)
$ ________________________
31
Net tax due (Line 29 minus Line 30)
$ ________________________
32
Current penalty due, if delinquent
$ ________________________
33
Current interest due, if delinquent
$ ________________________
34
Prior audit tax due
$ ________________________
35
Prior penalty due
$ ________________________
36
Prior interest due
$ ________________________
37
Total payment due this report (Add Lines 31 through 36)
$ ________________________
For more information:
Visit our Web site at or call Taxpayer Service at 410-260-7980 in Central Maryland or 1-800-638-2937 from elsewhere. Send faxes to 410-974-3608. Mail to: Comptroller of
Maryland, Revenue Administration Division, PO Box 2191, Annapolis, MD 21404-2191.
COM/RAD-776-2
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