Estimated Gross Revenue Return Form - Illinois Commerce Commission

ILLINOIS COMMERCE COMMISSION

2012

ESTIMATED GROSS REVENUE RETURN

GENERAL INFORMATION

Public Utilities -

Illinois Public Utilities, as defined in the Public Utilities Act [220 ILCS 5/3-105] (Act) which owe $10,000 or more in gross revenue

tax in accordance with the Act [220 ILCS 5/2-202] must file Estimated Gross Revenue Returns. This does not include utilities whose gross revenues

are excluded from the tax under the Act [220 ILCS 5/2-202(c)].

Rail Carriers -

Illinois Rail Carriers, as defined in the Illinois Commercial Transportation Law [625 ILCS 5/18c-1104] (ICTL) are required to file

Gross Revenue Tax Returns under the ICTL [625 ILCS 5/18c-1502] in accordance with the Public Utilities Act [220 ILCS 5/2-202] (Act). Under the

Act, Rail Carriers which owe $10,000 or more in tax annually must file Estimated Gross Revenue Returns.

The Estimated Gross Revenue Return is due January 10 of the tax year for which the estimate is being made. All of the estimated tax for the year

may be paid with the January 10 Return. If a company chooses, they may pay one quarter of the estimated tax due with the January 10 Estimated

Return and make subsequent quarterly installments to be paid on or before the 10

day of the succeeding APRIL, JULY AND OCTOBER. Each

quarterly estimated tax installment must accompany an Estimated Gross Revenue Return form. If a significant understatement or overstatement of

estimated revenue has been made, the company should file a Revised Return.

INSTRUCTIONS

THE COMPANY’S FEDERAL EMPLOYER IDENTIFICATION NUMBER (FEIN) MUST BE INCLUDED IN THE SPACE PROVIDED

ON THE FRONT OF THIS FORM.

Line 1a

Enter the Estimated total Gross Operating Revenue for the calendar year ending December 31, 2012. If reporting revenues under

accrual accounting, report revenues when earned. If reporting revenues on a receipts or cash basis accounting, report revenues

when received. If you change your method of accounting during the year, include the effects in that quarter.

Line 1b

Enter, if applicable, the total Estimated Illinois-related Interstate revenue or international revenue; and/or the Estimated total revenue

earned in other non-Illinois state jurisdictions for the calendar year ending December 31, 2012.

Subtract Line 1b from Line 1a and enter that amount on this line. This amount should be the company’s Estimated Illinois Intrastate

Line 1c

Gross Revenue for the calendar year ending December 31, 2012.

Line 2a

Enter the Estimated Illinois intrastate revenue from the sale to other utilities for resale for the calendar year ending December 31, 2012.

Line 2b

Estimated Illinois intrastate uncollectable accounts for the calendar year ending December 31, 2012 may be entered on this line as a

deduction only if the Return is being filed on an “ACCRUAL” basis as indicated in the instructions on Line 1a.

Line 2c

Enter the estimated total amount for any other allowable deductions for the calendar year ending December 31, 2012. If a deduction is

entered on this line, the company must provide an itemized breakdown of that amount on a separate sheet and attach it to this return.

Other allowable deductions may include the non-taxable revenues (including the deductible taxes) as outlined in the Act [220 ILCS 5/3-

121]. Utilities for which the Illinois Commerce Commission has not prescribed a Uniform System of Accounts may utilize as “Other

Deductions” on Line 2c operating revenues derived from sources other than filed rates and contracts, identified by source in a detailed

manner so that their nature can be ascertained. Operating expenses are not allowable deductions.

Line 2d

Add Lines 2a through 2c and enter that amount on this line.

Line 3

Subtract Line 2d from Line 1c and enter that amount on this line. This amount is the company’s Estimated Illinois Intrastate Revenue

subject to the Gross Revenue Tax.

Line 4

Multiply Line 3 by the applicable tax rate (.001 for Public Utilities or .0015 for Rail Carriers) to calculate the amount of Estimated Illinois

Gross Revenue Tax payable for the calendar year ended December 31, 2012. Enter that amount on this line.

Line 5a

Enter the number and amount of credit memorandum being submitted with this return. THE ORIGINAL CREDIT MEMORANDUM MUST

BE ATTACHED TO THE RETURN.

Line 5b

Enter the total amount of credit memorandums submitted with previously filed 2012 returns.

Line 5c

Enter the total amount of quarterly or other remittances of tax submitted previously for 2012.

Line 5d

Add Line 5a through Line 5c and enter that amount on this line. Credits may be transferred to another public utility. IN ACCORDANCE

WITH THE ACT [220 ILCS 5/2-202(J)], ALL CREDIT MEMORANDUMS MUST BE APPLIED TO THE GROSS REVENUE RETURNS

WITHIN TWO (2) YEARS FROM THE DATE THE CREDIT MEMORANDUM WAS INITIALLY ISSUED.

Line 6

Subtract Line 5d from Line 4 to calculate the amount of unpaid/(overpaid) estimated tax and enter that amount on this line.

Line 7

If Line 6 shows an unpaid estimated tax balance; enter the amount remitted with this tax return. (See General Information at the top of

this page).

This payment must be enclosed with the return and not mailed separately.

Subtract Line 7 from Line 6 and enter that amounton this line. This amount represents the company’s unpaid/(overpaid) estimated tax

Line 8

balance.

FOR TAXPAYER

ASSISTANCE:

Write to Fiscal Information Office at address shown on front of form

Bill Baima

Tel: (217)

785-1015, bbaima@icc.illinois.gov

Janet Hulett Tel: (217) 782-4086,

jhulett@icc.illinois.gov

Fiscal Information Office Fax: (217) 785-5231

THIS FORM IS AVAILABLE ON THE COMMISSION’S WEBSITE:

Estimated Gross Revenue Return Form - Illinois Commerce Commission - 2012 Page 2

Related Articles

Related forms

Related Categories