Indiana Apportionment for Interstate Transportation
Extracted from PDF file 2022-indiana-form-e-7.pdf, last modified March 2021
Apportionment for Interstate TransportationSCHEDULE E-7 State Form 49192 (R15 / 8-22) Indiana Department of Revenue Apportionment for Interstate Transportation For Tax Year Beginning and Ending Name of Corporation or Organization Federal Employer Identification Number This apportionment schedule is to be used by entities involved in interstate transportation for tax years beginning after Dec. 31, 2006, in lieu of Schedule E. (Entries on lines 3 and 10 must be rounded to two decimal places, i.e. 98.76%.) 1. Revenue miles in Indiana 1 .00 2. Revenue miles everywhere 2 3. Indiana percentage of revenue miles (line 1 ÷ by line 2) 3 4. Transportation revenue everywhere 4 .00 5. Nontransportation revenue everywhere 5 .00 6. Total revenue everywhere (line 4 + line 5) 6 .00 7. Transportation revenue from Indiana (line 3 x line 4) 7 .00 8. Nontransportation revenue in Indiana 8 .00 9. Total Indiana revenue value (line 7 + line 8) 9 .00 10. INDIANA APPORTIONMENT PERCENTAGE (line 9 ÷ by line 6; insert as percent, not decimal) *10522111694* 10522111694 10 . . .00 % % Indiana Department of Revenue Schedule E-7 - Apportionment Schedule for Interstate Transportation Income Tax Liability of Entities Involved in Interstate Transportation Schedule E-7 is to be used by entities who are engaged in the transportation of persons and property for hire. All entities involved in public transportation who operate or whose property is operated in or through Indiana are subject to Indiana income tax. This schedule is to be used by airlines, railroads, truck lines, bus lines, interurban lines, pipeline systems, and inland water carriers for purposes of apportioning Indiana adjusted gross income. Adjusted Gross Income The Indiana adjusted gross income tax applies to all entities who derive income from the provision of public transportation services operated in or whose property is operated through Indiana. A transportation company carrying persons or goods in or through Indiana is subject to Indiana adjusted gross income tax. All multistate taxpayers are required under Indiana Code 6-3-2-2(b) to use an apportionment formula to determine the amount of business income taxable in Indiana. Instructions for Completing Schedule E-7 Line 1. Enter the total revenue miles traveled in Indiana. The total revenue dollars from transportation, both intrastate and interstate, are to be assigned to the states through which the property, freight, or passengers move based on mileage. Pipeline companies may substitute barrel miles, cubic foot miles, or other appropriate measures for revenue miles. In practice, revenue miles usually equal road miles. For airlines, use the ratio of departures of aircraft in Indiana by cost & value to the total value of departures of aircraft by cost & value from all jurisdictions. (MTC approach). For railroads, truck lines, bus lines, and interurban lines, if the service both originates and terminates in Indiana, all the receipts from that service shall be considered from Indiana. Line 2. Enter the total revenue miles traveled everywhere. For purposes of apportionment, the term everywhere does not include sales of a foreign corporation located outside the United States and its territories. Line 3. Divide the revenue miles in Indiana (line 1) by the revenue miles everywhere (line 2) to determine the percentage of transportation activity within Indiana. Line 4. Enter the total amount of income derived from transportation activity everywhere. Line 5. Enter the total income from nontransportation sources, such as income from interest, dividends, sale of capital assets, etc. Service fees (boxing and tagging items and so on), sales income (packing boxes, insurance, and so on), and all other nonmobile-type income must be included. Line 6. Enter the total of line 4 and line 5. Line 7. Multiply line 4 by line 3 to determine the amount of transportation revenue from Indiana. Line 8. Enter the amount of income derived from nontransportation activity in Indiana. Line 9. Enter the total of line 7 and line 8. Line 10. Divide line 9 by line 6 to determine the Indiana apportionment percentage. If you have receipts from the transportation of passengers (including mail and express handled in passenger service) and from the transportation of freight, mail, and express, determine the miles attributable to Indiana from passengers and freight, mail, and express separately. Carry the resulting average Indiana apportionment percentage to the appropriate line on the annual Indiana income tax return. *24100000000* 24100000000
More about the Indiana Form E-7 Corporate Income Tax TY 2022
We last updated the Apportionment for Interstate Transportation in February 2023, so this is the latest version of Form E-7, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form E-7 directly from TaxFormFinder. You can print other Indiana tax forms here.
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Related Indiana Corporate Income Tax Forms:
TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Indiana Form E-7.
|Form Code||Form Name|
|Schedule 7||Additional Required Information|
View all 70 Indiana Income Tax Forms
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Form E-7 from the Department of Revenue in February 2023.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Indiana Form E-7
We have a total of twelve past-year versions of Form E-7 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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