Form Ppt-40 - New Jersey Petroleum Products Gross Receipts Tax Return
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1
2STATE OF NEW JERSEY
PPT-40
(11-11)
Department of the Treasury
DIVISION OF TAXATION
Make Check Payable to:
State of New Jersey - PPT
NEW JERSEY PETROLEUM PRODUCTS
Mail To: Revenue Processing Center
GROSS RECEIPTS TAX RETURN
PO Box 243
Trenton, NJ 08646-0243
This Return is for Periods Beginning on or after January 1, 2003
TAXPAYER ID NUMBER
Return is due the 25th day of the month following the end of the quarter.
For Quarter Ending:
Year:
_________________________________________________________________________________
TAXPAYER NAME
Mar. 31
June 30
Sept. 30
Dec. 31
_________________________________________________________________________________
ADDRESS
Telephone Number: (
) _______________________________
_________________________________________________________________________________
CITY
STATE
ZIP
Name of contact person: ______________________________________
Column A
Column B
GALLONS
RECEIPTS / CONSIDERATION
SALES OF PETROLEUM PRODUCTS (from Schedule 1, Columns A and B)
.
1. Sales of petroleum products made to points in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCTIONS AND EXEMPTIONS
.
2. a. Sales for residential use (from Schedule 2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
b. Sales to governmental entities and exempt organizations (from Schedule 2B) . . . . . . . . .
.
c. Other exempt sales (from Schedule 2C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
d. Deductions (from Schedule 2D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
3. Total deductions and exemptions (add lines 2a through 2d) . . . . . . . . . . . . . . . . . . . . . . . . .
.
4. Sales subject to tax (subtract line 3 from line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IMPORTED PETROLEUM PRODUCTS
5. Dollar consideration / gallons of petroleum products imported or caused to be imported for
use or consumption within New Jersey on which tax has not been paid. If the dollar con-
sideration of non-taxed imported petroleum products is $5,000 or less for the quarter
.
enter -0- on lines 5, 6 and 7 (Column B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Dollar consideration / gallons of petroleum products which were subsequently
.
withdrawn for use outside New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
7. Imported products subject to tax (subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . .
CONSUMPTION OF PETROLEUM PRODUCTS
.
8. Petroleum products consumed or deemed consumed by aircraft (from Schedule A) . . . . . .
COMPUTATION OF TAX
.
9. Total receipts, consideration, and gallonage subject to tax (add lines 4, 7 and 8) . . . . . . . . .
10. Tax Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.04
.0275
.
.
11. Total tax liability on receipts, consideration, and gallonage (multiply line 9 by line 10) . . . . .
12. Adjustments to the Petroleum Products Gross Receipts Tax for prior period transactions.
(see instructions)
.
.
a. Addition to tax liability (attach rider) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
.
b. Credit to tax liability (attach rider) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(
) (
)
.
.
13. Tax Due (total lines 11, 12a, minus 12b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
14. Total Tax Due (add columns A and B from line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
15. Neighborhood Revitalization Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(
)
.
16. Tax Due (subtract line 15 from line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Monthly Remittances during the quarter and overpayment credit from previous return
.
Month 1 ___________________ Month 2 ___________________ Overpayment ____________________
TOTAL
.
18. Balance of Tax Due (subtract line 17 from line 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
19. Penalty and Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
20. Total Amount Due (add lines 18 and 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PAY THIS AMOUNT
.
FOR DIVISION USE
21. Overpayment (if line 20 is less than zero, enter overpayment) . . . . . . . . . . . . . . . . . . . . . .
.
.
22. Amount of Line 21 to be CREDITED to next quarter $___________________ REFUNDED $_______________________
I verify and affirm that all tax information on this return is correct. I am aware that if any of the foregoing information provided by me is knowingly false, I am subject to punishment.
______________________________________________________________________________________________________________________________________________
Signature of Owner, Partner or Officer
Title
Date
______________________________________________________________________________________________________________________________________________
Signature of Individual or Firm preparing return
Federal Identification Number
Date
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