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MATC 10_16 ATTACH TO MULTI-PURPOSE TAX RETURN AND MAIL TO: CITY OF EVERETT LOCKBOX PO BOX 94430 SEATTLE, WA 98124 Date Due Reporting Period Account # Section 1: EXTERNAL CREDITS (taxes paid to other local jurisdictions) Column 1 Column 2 Column 3 Column 4 Gross Receipts Tax Paid Code Activity which results in a credit Taxable Amount Everett Non-Everett Credit 70 Wholesaling in Everett of products extracted, manufactured, or printed outside of Everett 71 Retailing Everett of products extracted, manufactured, or printed outside of Everett 72 Manufacturing in Everett of products extracted outside of Everett Multiple Activities Tax Credit: Subtotal of taxes paid to other local jurisdictions Section 2: INTERNAL CREDITS (taxes paid to Everett) Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Gross Receipts Tax Paid Code Activity which results in a credit Taxable Amount Extracting Manufacturing/ Printing Wholesaling Retailing Credit 73 Manufacturing activities on products extracted in Everett 74 Wholesaling in Everett of products extracted in Everett 75 Wholesaling in Everett of products manufactured in Everett 76 Wholesaling in Everett of products printed in Everett 77 Retailing in Everett of products extracted in Everett 78 Retailing in Everett of products manufactured in Everett 79 Retailing in Everett of products printed in Everett Multiple Activities Tax Credit: Subtotal of taxes paid to Everett Total External and Internal Credits from Section 1 and Section 2 (Transfer this amount to the Credit line 8 on the Multi-Purpose Business & Occupation Tax Return) INSTRUCTIONS Section 2: Internal Credits 1. Find the activity (70 – 79) that applies to your business (more than one may apply 1. Enter in Columns 2 – 5 the Everett B&O tax due on each of the activities, as applicable. 2. Enter in Column 1 the taxable amount (gross less deductions) pertaining to the activity. 2. For activity 73 enter in Column 6 the lesser of the tax amount in Columns 2 or 3. 3. Compute the amount of the credit and enter the total amount of the credits from Section 1 and Section 2 into the total credit box. 3. For activity 74 enter in Column 6 the lesser of the tax amount in Columns 2 or 4. Section 1: External Credits 4. For activities 75 and 76 enter in Column 6 the lesser of the tax amount in Columns 3 or 4 1. Enter in Column 2 the Everett B&O tax due on the amount in Column 1 (use tax rate shown on tax return). 5. For activity 77 enter in Column 6 the lesser of the tax amount in Columns 2 or 5 2. Enter in Column 3 the tax paid to another local jurisdiction on the same taxable amounts 6. For activities 78 and 79 enter in Column 6 the lesser of the tax amount in Columns 3 or 5 3. Enter in Column 4 the lesser of Columns 2 or 3. 7. If tax amounts are equal (one is not less than the other) for activities 73 – 79, then enter one of the tax amounts in Column 6. City of Everett Schedule C: Multiple Activities Tax Credit Form