Form Ict-1 - Electricity Distribution And Ict Estimated Payment
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Illinois Department of Revenue
ICT-1
Electricity Distribution and
Invested Capital Tax Estimated Payment
Part 1: Figure your estimated Invested Capital Tax
Column A
Column B
Balance at beginning of year
Balance at end of year
1
Write your total amount of proprietary capital, stockholders’ equity, or
1
1
total equity for the last calendar year.
.
_____________|_____
_____________|_____
2
2
2
Write your total of long-term debt for the last calendar year.
_____________|_____
_____________|_____
3
3
3
Add Lines 1 and 2.
_____________|_____
_____________|_____
4
Write your investments in and advances to all corporations for the
4
4
last calendar year.
_____________|_____
_____________|_____
5
5
5
Subtract Line 4 from Line 3.
_____________|_____
_____________|_____
6
6
Add Column A, Line 5, and Column B, Line 5.
_____________|_____
7
7
Multiply Line 6 by 50% (.5). This amount is the average of the balances.
_____________|_____
8
Write the Illinois apportionment factor shown on your last year’s
.
8
business income tax return.
___
______________
9
9
Multiply Line 7 by Line 8.
_____________|_____
10
10
Multiply Line 9 by .8% (.008).
_____________|_____
11
If you are required to complete Worksheet A on the back of this
.
11
form, write the amount from Worksheet A, Line g. If not, write “1.00.”
___
______________
12
12
Multiply Line 10 by Line 11.
_____________|_____
13
Multiply Line 12 by 25% (.25). This amount is your estimated Invested Capital Tax payment.
13
Write this amount here and on Line 1 of each of the four ICT-1 vouchers in this packet.
_____________|_____
Part 2: Figure your estimated Electricity Distribution Tax
14
Write the amount from Worksheet B, Line i. This is your estimated
14
Electricity Distribution Tax due.
_____________|_____
15
Multiply Line 14 by 25% (.25). This is your estimated Electricity Distribution Tax payment.
15
Write this amount here and on Line 2 of each of the four ICT-1 vouchers in this packet.
_____________|_____
Part 3: Figure your estimated payment
16
16
Add Lines 13 and 15. This is your total estimated tax payment due.
_____________|_____
This form is authorized by the Water Company Invested Capital Tax Act, Gas Revenue Tax Act, and Public Utilities Revenue Act. Disclosure of
this information is REQUIRED. Failure to comply may result in a penalty. This form has been approved by the Forms Mgmt. Center. IL-492-0387
ICT-1 (R-10/01)
Page 1 of 3
Detach here and send bottom portion with your payment.
Illinois Department of Revenue
ICT-1
Electricity Distrib. & Invested Capital Tax Estimated Payment
Your estimated tax payment due dates are:
Return liability period:
12/ __ __ __ __
Year
March 15, June 15, September 15,
and December 15.
$
1 Estimated Invested Capital Tax
___________________|____
2
$
Estimated Electricity Distrib. Tax
___________________|____
3
$
IBT no.: __ __ __ __ - __ __ __ __
Add Lines 1 and 2.
___________________|____
4
$
Credit amount
___________________|____
(See instructions.)
5
$
License no.: __ __ - __ __ __ __ __
Total due
___________________|____
(Subtract Line 4 from Line 3.)
Business name _______________________________________ Mail this form and your payment to:
Street address
_______________________________________ ILLINOIS DEPARTMENT OF REVENUE
PO BOX 19019
City, State, ZIP _______________________________________ SPRINGFIELD IL 62794-9019
Station no: 069
E ___/___/____
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