Indiana Department of Revenue
Underpayment of
Estimated Utility Receipts Tax
Beginning 2019 and Ending
□ Check box if using the exact quarterly payment method.
The purpose of this schedule is to calculate the penalty for underpayment of utility receipts tax on a quarterly basis. The penalty is
10 percent of the total quarterly underpayments unless an exception to the penalty is met for a quarter in Part II.
Name of Corporation or Organization Federal Employer Identication Number
Part I - Calculation of Minimum Quarterly Payment (use a minus sign to denote a negative amount)
1. Enter utility receipts tax due (line 16 of Form URT-1); if less than $2,500, enter -0- ................... 1 00
2. Multiply line 1 by 80% and enter result on line 3 ......................................................................... 2 X.80
3. Minimum required payment of utility receipts tax liability for the taxable year............................. 3 00
4. Enter prior year’s utility receipts tax liability (do not reduce by estimated taxes paid) that is
relative to the number of months in the current taxable year ...................................................... 4 00
Part II - Calculation of Quarterly Underpayment Penalty or Exception
5. Enter line 3 or line 4, whichever amount is less .......................................................................... 5 00
6. Enter in columns (a) through (d) the quarterly installment
due dates corresponding to the 20th day of the 4th, 6th,
9th, and 12th months of the tax year ..................................... 6
7. Enter the amount of utility receipts tax paid or credited on
or before the due date of the quarterly installment ................ 7
8. Enter the overpayment, if any, from the preceding column
in excess of any prior underpayments shown on line 11 ....... 8
9. Add lines 7 and 8 for each column ........................................ 9
10. Divide line 5 by 4 or by the number of quarters in the
taxable year; enter result in columns (a) through (d)............. 10
11. Subtract line 10 from line 9 for each quarter
(If the result is a negative gure, you have not met an
exception to the penalty for the quarter.) ............................... 11
12. If line 11 shows zero or more for a quarter, the overpayment
exception is met. Enter zero on line 12. Otherwise,
compute 10% penalty on the underpayment shown
on line 11 for each column. Enter the penalty, if any, for
the quarter as a positive gure .............................................. 12
13. Add line 12, columns (a) through (d). This is the total underpayment penalty. Enter it here and
carry the amount to Form URT-1, line 23 .......................................................................................... 13 00
*20419111594*
20419111594
Schedule
URT-2220
State Form 51252
(R15 / 8-19)
(a)
1st quarter
(b)
2nd quarter
(c)
3rd quarter
(d)
4th quarter
