The 450 Tennessee form is the official State and Local Sales and Use Tax Return that businesses in Tennessee must file. This form is crucial for reporting gross sales, taxable purchases, and calculating the state and local taxes owed. Completing this form accurately ensures compliance with Tennessee tax laws and helps avoid potential penalties.
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The 450 Tennessee form serves as a crucial document for businesses operating within the state, facilitating the reporting and payment of state and local sales and use taxes. This form is essential for both in-state and out-of-state sellers, ensuring compliance with Tennessee's tax laws. It requires taxpayers to provide a range of financial information, including gross sales, purchases, and various exemptions. The form is structured to guide users through calculating their total sales and purchases, determining the taxable amount, and applying the appropriate tax rates for both state and local taxes. Additionally, it includes sections for reporting specific transactions, such as food sales and items sold under special tax rates. Taxpayers must also account for any penalties or interest if the form is filed late. With clear instructions and designated schedules for various deductions and exemptions, the 450 Tennessee form helps streamline the tax reporting process while ensuring that all necessary information is accurately captured. By filing this form, businesses contribute to local and state revenues, thus playing a vital role in the economic framework of Tennessee.
TENNESSEE DEPARTMENT OF REVENUE
RV-R0012001 (2/20)
STATE AND LOCAL SALES AND USE TAX RETURN
Filing Period
Account Number
SLS
450
Due Date
Location ID
Legal Name
Mailing Address
City
State
ZIP Code
Check if applicable:
Amended return
Final return
Change of mailing address
Location Address
Taxpayers should submit their return and payment from Line 20 by visiting the Department's website at
https://tntap.tn.gov/eservices
Round to nearest dollar
1.
Gross sales
(1)
________________________
2.
Cost of personal property purchased on a resale certificate but used
(2) ________________________
3.
Cost of out-of-state purchases and property imported into Tennessee for use
(3)
4.
Fair market value of tangible personal property fabricated, produced, compounded, or severed from the earth
for use in Tennessee
(4)
5.
Total sales and purchases (add Lines 1-4)
. (5)
6.
Exempt transactions from Schedule A Line 11
(6)
7.
State net taxable total (subtract Line 6 from Line 5)
(7)
_________________________
8.
State sales and use tax (multiply non-food sales and purchases by 7%)
(8)
9.
State food tax (multiply food sales by 4%)
(9)
10.
Local sales and use tax from Schedule B, Line 8
(10)
11.
(11)
Tax collected in excess of state and local levies
12.
State tax on transactions subject to single article and reduced rates from Schedule C Line 15
(12)
13.
Local tax on transactions subject to the special tax rate from Schedule C Line 15
(13)
14.
Central Business Improvement District Fee from Schedule D Line 10
(14)
15.Prepaid Wireless 911 Surcharge $1.16 per retail transaction for prepaid wireless telecommunications less 2%
administrative fee
(15)
16.
Net tax due (add Lines 8-15)
(16)
17.
Credit memo balance
(17)
18.
Penalty (see instructions)
(18)
19.
Interest (see instructions)
(19)
20.Total tax due - If filed timely, subtract Line 17 from Line 16, If filed late, subtract Line 17 from Line 16 and add
Lines 18 and 19
(20) ________________________
FOR OFFICE USE ONLY
Schedule A- Exempt Transactions (See Separate Instructions)
Net taxable food sales
____________________
Sales made to vendors or other establishments for resale, and sales of items to be used in processing
articles for sale. (Certificates of Resale required)
(2)
Sales of items paid for with SNAP Benefits
Sales to federal or Tennessee governments and qualified nonprofit institutions (Certificate required)
Returned merchandise reported as sales on this or a previous return. Show on Schedule B, Line 2
amounts claimed on Schedule B, Line 4, of prior returns
(5)
Exempt industrial machinery and agricultural purchases
Sales in interstate commerce
Repossessions - portion of unpaid principal balances in excess of $500 due on TPP repossessed from
customers. Report same amount on Schedule B, Line 2
Other deductions (See instructions)
10. Sales Tax Holiday (last Friday in July through following Sunday)
(10) ____________________
11. Total exemptions (Add Lines 1 through 10; enter here and on First Page, Line 6)
(11) ____________________
Attention Sellers located outside Tennessee:
Beginning October 1, 2019, all sales that originate from a business located outside of Tennessee and sold to a destination inside Tennessee must be reported using the tax rate applicable to the delivery destination. Report all your sales made by location using Schedule E and bring total of all sales from Columns C through J over to Lines 1 through 8 below.
Schedule B - Local Sales and Use Tax (See Separate Instructions)
State net taxable total from First Page, Line 7
Adjustments (total of Schedule A, Line 1 and any applicable amounts from Schedule A, Lines 5 and 8)
Total with adjustments (add Lines 1 and 2)
Excess amount over single article tax base
Energy fuel sales taxed at full state rate
Other deductions including sales of specified digital products and of merchandise sold through vending machines (6) ____________________
Net taxable total (subtract Lines 4, 5, and 6 from Line 3)
Local sales and use tax (multiply Line 7 x the applicable local tax rate; Enter here and on the first page, Line 10)....
Schedule C - State Single Article Tax and Special Tax Rates (See Separate Instructions) If no taxable single articles were sold at $1,600 or above, or if you have no special tax rate products to report, put $0 on Lines 9 and 15 below
and on Lines 12 and 13 on the first page.
Taxable single article sales from $1,600 to $3,200
___________________
State single article sales tax (multiply Line 1 x 2.75%)
Industrial water sales
Industrial water tax (multiply Line 3 x 1.00%)
5. Industrial energy fuel sales
Industrial energy fuels tax (multiply Line 5 x 1.50%)
Aviation fuel tax (total amounts from Lines A and B; multiply x 4.50%)
(7) ____________________
A.Taxable aviation fuel sales ($__________) Gallons (__________)
B.Out-of-state purchases for use ($_________) Gallons (__________)
8. Water carrier energy fuel tax (total amounts from Lines A and B; multiply x 7.00%)
(8) ____________________
A. Taxable energy fuel sales to water carriers ($__________) Gallons (__________)
B. Out-of-state purchases for use ($__________) Gallons (________)
9. State single article and reduced rates tax (Add Lines 2, 4, 6, 7, and 8)
(9)___________________
Enter here and on Line 12 on the first page
10. Local industrial water tax (multiply total sales x 0.50%)
(10) __________________
11. Specified digital products sales
(11) __________________
12. Specified digital products local tax (multiply Line 11 x 2.50%)
(12) __________________
13. Sales of merchandise through vending machines
(13) __________________
14. Local tax on merchandise sold through vending machines (Multiply Line 13 x 2.25%)
(14) __________________
15. Total local special rates tax (Add Lines 10, 12, and 14). Enter here and on Line 13 on the first page
(15) __________________
Schedule D- Central Business Improvement District (CBID) Schedule
Gross sales less exempt transactions (Page 1, Line 1 minus Line 6) plus net taxable food sales
(Schedule A, Line 1)
(1) ___________________
2 . Sales of professional services included in Line 1 above
(2) ___________________
Sales of lodging provided to transients not included in exempt transactions
(3) ___________________
Sales of tickets to sporting events or other live ticketed events not included in exempt transactions
(4) ___________________
Sales of alcoholic beverages subject to LBD tax not included in exempt transactions
(5) ___________________
Sales of newspapers and other publications not included in exempt transactions
(6) ___________________
Sales of overnight and long-term parking not included in exempt transactions
(7) ___________________
Total CBID Exempt Sales - add Lines 2 - 7
(8) ___________________
Net Sales - subtract Line 8 from Line 1
(9) ___________________
10. Central Business Improvement District Fee - multiply Line 9 x 0.25%. Enter here and on page 1, Line 14
(10)___________________
Under penalties of perjury, I declare that I have examined this report, and to the best of my knowledge and belief,
it is true, correct, and complete.
____________________________________________________
_____________________ __________________________________________
Taxpayer's Signature
Date
Title
_____________________ ________________
Tax Preparer's Signature
Preparer's PTIN
Telephone
____________________________ ________
Preparer's Address
Preparer's Email Address____________________________________________________________________________________________
Schedule E - For Sellers Located Outside Tennessee Destination Sales Report
A
B
C
D
E
F
G
H
I
J
City or County
Sales Tax
State Net
Adjustments
Adjusted
Excess of
Energy Fuel
Other
Local Net
Location
Holiday
Taxable Total
Total
Single Article
Sales
Deductions
Local Tax
Tax Base
Totals
Note: If you have additional entries to report, please add additional Schedules as needed. Report total of all sheets on last page.
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