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Minnesota Free Printable 2016 M500, Reporting of JOBZ Tax Benefits for Tax Year for 2021 Minnesota JOBZ Tax Benefits

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JOBZ Tax Benefits
2016 M500, Reporting of JOBZ Tax Benefits for Tax Year

2016 Form M500, JOBZ Tax Benefit Report Use this form to report the sales tax incentives the qualified business received for participating in a Job Opportunity Building Zone (JOBZ). Name of qualified business Taxpayer name (if different from JOBZ business) JOBZ ID number Business address in the zone FEIN City Minnesota tax ID number State Zip code County MN Taxpayer: C-Corporation S-Corporation Partnership Individual Fiduciary Other (specify): Business contact’s name (first, last) Title Daytime phone Email address of qualified business (optional) Primary parcel ID (if more than one, attach a sheet) Zone Tax Benefits 1 Did you receive any zone tax benefits in 2016? Yes. Continue with line 2. No. Explain your situation below, sign at the bottom and file this form by the due date: Sales Tax Exemptions 2 Purchases you made in 2016 of tangible personal property (not including capital equipment or purchases exempt as a part of product production cost) and services primarily used or consumed in the zone that would otherwise have been taxable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Purchases you and/or your contractor made in 2016 of construction materials and supplies used to construct or improve real property used by the qualified business in the zone . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Purchases made in 2016 of motor vehicles that are principally garaged in the zone and primarily used to carry out your zone operations (enter each vehicle’s VIN number and purchase price; if you have more than 4 vehicles, complete Form M500A, JOBZ Motor Vehicle Purchase Report - see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 VIN VIN $ $ VIN VIN $ $ 5 Is the qualified business located in an area with a local sales and use tax (see instructions)? 5 No Yes Enter the area: I declare that this report is correct and complete to the best of my knowledge and belief. Signature of authorized representative of qualified business Date Do not include Form M500 with your tax return. By October 15, 2017, mail this form and a copy of your Schedule JOBZ, if any, to: Minnesota Revenue Mail Station 6330 St. Paul, MN 55146-6330 Phone: 651-556-6836 Fax: 651-556-3102 Form M500 Instructions Important News If you are a qualified business, failure to submit Form M500 will result in removal from the JOBZ program. You will also be subject to repayment of prior JOBZ tax benefits received. If you are a qualified business, you must file Form M500 with the Department of Revenue no later than October 15, 2017. This form is used to report sales and use tax benefits you received for participating in a Job Opportunity Building Zone (JOBZ) for tax year 2016. All qualified businesses should file Form M500, even if there are no tax benefits to report. Lines 2–5 Complete lines 2 through 5 if you (or, in some cases, your contractor) made purchases in 2016 that were exempt from state and local sales taxes for participating in a zone. Line 2 Enter your purchases of taxable goods and services that were primarily used or consumed during the year in the zone. Do Not Include: • purchases of capital equipment where you have received, or expect to receive, a refund of sales or use tax, • purchases of motor vehicles or construction materials and supplies, or This form is in addition to any other reporting requirements with the Department of Revenue, the zone administrator or the Department of Employment and Economic Development (DEED). • product production purchases such as raw materials and utilities. Materials and utilities used or consumed in producing products for resale are already exempt. Qualified Business Line 3 You are a qualified business if your place of business is located within a JOBZ zone and you have signed a Business Subsidy Agreement with the zone administrator. Enter the purchases made by you, or a contractor or subcontractor, of construction materials and supplies used to construct improvements to real property used during the year by the qualified business in the zone. County and Parcel ID Number Ask your contractor for his or her purchasing information. Enter the county in which the qualified business is located. Enter the property’s primary parcel ID or property ID number assigned to it by the county. You can find the parcel or property ID number on the property tax statement. Attach a sheet with additional parcel numbers if more than one number is located within the zone. Email Address If the department has questions regarding your Form M500 and you want to receive correspondence electronically, be sure to provide your email address. Line Instructions Line 1 Check the appropriate box to indicate if you received any tax benefits for participating in a zone during the year. If you did not receive any tax benefits, explain your situation, sign and file the form. Line 4 A motor vehicle purchased by a qualified business is exempt if the motor vehicle is principally garaged in the zone and is primarily used as part of, or in direct support of, the business’s operations carried on in the zone. Enter the Vehicle Identification Number (VIN) and purchase price under line 4. If more than four vehicles are used, complete Form M500A, JOBZ Motor Vehicle Purchase Report. Enter additional VINs/ amounts of purchase on the form and send with Form M500. Line 5 If the qualified business is located in an area with a local sales and use tax (see the following list, be sure to enter the area on the line provided. Local Sales and Use Tax Areas: Albert Lea Austin Baxter Becker County Bemidji Beltrami County Blue Earth County Brainerd Brown County Carlton County Cass County Chisago county Clearwater Cloquet Cook County Crow Wing County Douglas County Duluth Fergus Falls Fillmore County Freeborn County Hermantown Hubbard County Hutchinson Lanesboro Lyon County Mankato Marshall Medford New Ulm North Mankato Olmsted County Otter Tail County Proctor Rice County Rochester St. Cloud Area St. Louis County Steele County Todd County Two Harbors Wabasha County Wadena County Worthington For complete information, see Sales and Use Tax Fact Sheet 164, Local Sales and Use Taxes. Signature An authorized representative of the qualified business must sign and date the form. Where to File By October 15, 2017, mail Form M500, along with a copy of Schedule JOBZ, to: Minnesota Revenue Mail Station 6330 St. Paul, MN 55146-6330 or fax to: 651-556-3102 Do not submit Form M500 with your tax return. Use of Information All information provided on Form M500 is nonpublic and cannot be disclosed to others without your consent. The information will be used to administer the JOBZ program, however, and may be shared with other state agencies, to the extent necessary to administer the JOBZ laws. Questions or Need Forms? You can find forms and the most current information on our website at www.revenue.state.mn.us. If you have questions, call 651-556-6836 during business hours. This information is available in alternate formats.
Extracted from PDF file 2020-minnesota-form-jobz.pdf, last modified August 2012

More about the Minnesota Form JOBZ Other TY 2020

We last updated the JOBZ Tax Benefits in April 2021, so this is the latest version of Form JOBZ, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form JOBZ directly from TaxFormFinder. You can print other Minnesota tax forms here.

Related Minnesota Other Forms:

TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Minnesota Form JOBZ.

Form Code Form Name
Form JOBZ1 (Obsolete) Certification of Job Opportunity Building Zone (JOBZ) Compliance with Business Subsidy Agreement (BSA)

Download all MN tax forms View all 96 Minnesota Income Tax Forms

Form Sources:

Minnesota usually releases forms for the current tax year between January and April. We last updated Minnesota Form JOBZ from the Department of Revenue in April 2021.

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Historical Past-Year Versions of Minnesota Form JOBZ

We have a total of nine past-year versions of Form JOBZ in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2020 Form JOBZ

2016 M500, Reporting of JOBZ Tax Benefits for Tax Year

2018 Form JOBZ

2011 JOBZ, JOBZ Tax Benefits

2017 Form JOBZ

2011 JOBZ, JOBZ Tax Benefits

2016 Form JOBZ

2011 JOBZ, JOBZ Tax Benefits

2015 Form JOBZ

2011 JOBZ, JOBZ Tax Benefits

JOBZ Tax Benefits 2014 Form JOBZ

2012 JOBZ, JOBZ Tax Benefits

2013 JOBZ Tax Benefits 2013 Form JOBZ

2012 JOBZ, JOBZ Tax Benefits

PDF Form Pack generated by formuPack 2012 Form JOBZ

PDF Form Pack

2011 Form JOBZ

2011 JOBZ, JOBZ Tax Benefits

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