×
tax forms found in
Tax Form Code
Tax Form Name

Pennsylvania Free Printable Capital Stock Tax Manufacturing Exemption Schedule (RCT-102) for 2024 Pennsylvania Capital Stock Tax Manufacturing Exemption Schedule

There are only 3 days left until tax day on April 16th! eFile your return online here , or request a six-month extension here .

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-pennsylvania-form-rct-102.pdf, and you can print it directly from your computer.

Capital Stock Tax Manufacturing Exemption Schedule
Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. 1020015105 RCT-102 (07-15)(FI) CAPITAL STOCK TAX MANUFACTURING EXEMPTION SCHEDULE File with RCT-101 START ➜ CORPORaTION NaMe ReVeNUe ID MMDDYYYY Tax YeaR BeGINNING Tax YeaR eNDING PRePaRaTION INSTRUCTIONS FOR exeMPTION SCHeDULe This schedule is to be completed by electing corporations actually engaged in producing a manufactured article; any processing operation enumerated in Section 601(a) of the Tax Reform Code of 1971; or research and development as defined in Section 601(a) of the Tax Reform Code of 1971. Foreign corporations engaged in producing manufactured articles or foreign companies organized for and engaged in certain processing operations or research and development should use this form if all business activities are conducted in Pennsylvania. If the activities of a foreign corporation are multi-state, Schedule RCT-105 or RCT-102 may be used. Compliance with these instructions and submission of all required data by the person responsible for the preparation of this schedule will facilitate processing. See Page 4 regarding a description of the corporation’s activities. This description must be completed each year. Whenever the term “manufacturing” is used in this schedule, it will include processing and research and development. The manufacturing exemption is limited to assets actually employed in manufacturing and does not apply to corporate net income tax. An explanation should be submitted of the basis employed if actual values are ascribed to assets. Cash, securities, accounts receivable, etc., not required for conducting manufacturing activities are not exempt. Any asset, tangible or intangible, used in producing a manufactured article and in a nonmanufacturing activity must be reported on Page 3, Column E. Attach additional schedule(s) reflecting the details if any assets and liabilities were combined in a net figure on the balance sheet. COLUMN a-1 — Net book value of company assets at the beginning of the period. COLUMN a-2 — Net book value of company assets at the end of the period. COLUMN a-3 — Average net book value of company assets. COLUMN B — This column represents the average value of the exemption claimed for tangible and intangible assets as reflected on Insert Sheet, RCT-106. Assets listed in Column B must not be listed in Columns C, D, E or H on Page 3. COLUMN C — This column must include the average value of all tangible assets located in Pennsylvania, which are not used in manufacturing activities. It must also include the average value of all intangible assets except those necessary as working capital for a manufacturing activity and intangible assets claimed as an exemption in Column B. COLUMN D — This column must include the average value of tangible assets actually and exclusively employed in manufacturing. It must also include the average value of intangible assets actually and exclusively held as working capital for a manufacturing activity, unless already claimed in Column B. COLUMN e — This column must include the average value of all assets, tangible or intangible, which are used in a manufacturing activity and in a nonmanufacturing activity not listed in Columns B, C or D. COLUMNS F and G — In order for an exemption to be allowable in Column G for that portion of Column E used in a manufacturing activity, the taxpayer must submit a detailed schedule showing the method and calculation employed and an explanation substantiating the method used. The balance of Column E used in nonmanufacturing activities must appear in Column F. COLUMN H — This column should reflect the total average taxable assets of Columns C and F. THIS SCHeDULe MUST Be COMPLeTeD IN DeTaIL aND aTTaCHeD TO THe LaST PaGe OF THe RCT-101. 1020015105 Reset Entire Form NEXT PAGE PRINT FORM FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. RCT-102 (07-15)(FI) Page 2 1020015205 (1) FIxeD aSSeTS INVeNTORIeS INVeSTMeNTS (Detail Required*) CURReNT aSSeTS 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. Buildings, Net of Depreciation . . . . . . . . . . . . $ Equip. and Fixt., Net of Depreciation . . . . . . . Other Fixed Assets, Net of Depreciation . . . . Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Leasehold Improvements, Net of Depreciation . Vehicles and Other Rolling Equipment, Net of Depreciation . . . . . . . . . . . . . . . . . . . Other Tangible Property . . . . . . . . . . . . . . . . Raw Materials . . . . . . . . . . . . . . . . . . . . . . . Work in Progress . . . . . . . . . . . . . . . . . . . . . Finished Goods . . . . . . . . . . . . . . . . . . . . . . Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTaL TaNGIBLe aSSeTS . . . . . . . . . . . . . $ Stocks of PA Corporations* . . . . . . . . . . . . . Stocks of Foreign Corporations (More than 50 percent Owned)* . . . . . . . . . . Stocks of Other Foreign Corporations* . . . . . . U.S. Securities . . . . . . . . . . . . . . . . . . . . . . Other Government Securities* . . . . . . . . . . . National Bank Shares . . . . . . . . . . . . . . . . . Bonds, Mortgages or Notes* . . . . . . . . . . . . . Miscellaneous* . . . . . . . . . . . . . . . . . . . . . . Cash: In Drawer . . . . . . . . . . . . . . . . . . . . . Time Deposits** . . . . . . . . . . . . . . . . . . . . . Demand Deposits** . . . . . . . . . . . . . . . . . . . Notes Receivable, Net of Reserves . . . . . . . . Accounts Receivable from Customers, Net of Reserves . . . . . . . . . . . . . . . . . . . . . Advances to Other Companies*** . . . . . . . . . Advances to Individuals*** . . . . . . . . . . . . . Cash Surrender Value of Officers’ Life Insurance . . . . . . . . . . . . . . . . . . . . . . Prepayments and Accruals*** . . . . . . . . . . . . OTHeR aSSeTS*** . . . . . . . . . . . . . . . . . . TOTaL aSSeTS . . . . . . . . . . . . . . . . . . . . . $ TOTaL . . . . . . . . . . . . . . . . . . . . . . . . . . . . COLUMN B (2) exeMPT TaNGIBLe aND INTaNGIBLe aSSeTS. (From Insert Sheet, RCT-106) (3) NeT BOOK VaLUe eNDING NeT BOOK VaLUe BeGINNING aSSeTS 1. 2. 3. 4. 5. 6. COLUMN a aVeRaGe NeT BOOK VaLUe $ $ $ $ $ $ $ $ $ $ *** attach schedule showing nature of investments, number of shares or face value of bonds, book values and actual or market values. *** attach schedule showing all interest-bearing account balances at the end of each month. *** explain in detail. attach additional schedule(s) if necessary. Gross Receipts (sales only - not to include other income). If additional space is needed, attach schedule(s). a. List each article or product manufactured by this company and the gross receipts derived from each. articles (1) (2) (3) (4) (5) Total Gross Receipts Gross Receipts $ Total Gross Receipts - a b. Gross Receipts derived by this company from the production of nonmanufactured articles: c. Gross Receipts derived by this company from goods, wares and merchandise purchased for resale: (1) From inventories in PA $ a= $ b= (2) From inventories outside PA Total Gross Receipts (a, b, c) Total Gross Receipts - c c= If this figure does not match gross receipts reflected on $ Line 1(a), Page 1, of attached copy of federal Form 1120, attach additional schedule(s) reconciling the difference. Reset Entire Form PREVIOUS PAGE 1020015205 NEXT PAGE PRINT FORM FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. RCT-102 (07-15)(FI) Page 3 1020015305 COLUMN C COLUMN D COLUMN e COLUMN F COLUMN G COLUMN H aVG. NeT BOOK VaLUe OF aVG. NeT BOOK VaLUe OF aVG. NeT BOOK VaLUe OF aVG. NeT BOOK VaLUe OF aVG. NeT BOOK VaLUe OF aSSeTS aCTUaLLY aND aSSeTS LOCaTeD IN Pa aMT. OF COLUMN e USeD aMT. OF COLUMN e USeD aSSeTS USeD IN MFG. exCLUSIVeLY eMPLOYeD IN aND NOT USeD IN MFG. MFG. (unless listed in Column B) IN MFG. aCTIVITIeS IN NON MFG. aCTIVITIeS aND NON MFG. 1. $ 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. $ 13. 14. TOTaL aVeRaGe TaxaBLe aSSeTS (Column C plus Column F) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. $ PROPORTION OF TAXABLE ASSETS TOTaL aVeRaGe TaxaBLe aSSeTS — Line 32, Column H-Carry to RCT-101, Schedule a-1, Line (4a) . . . $ aVeRaGe TOTaL aSSeTS — Line 31, Column a3-Carry to RCT-101, Schedule a-1, Line (4b) . . . . . . . . . $ If a more exact method of averaging assets other than beginning and end of year average is used, submit schedule with data supporting method used. This proportion is to be used in the calculation on Page 2 of the PA Corporate Tax Report, RCT-101. 1. If an exemption is claimed in Column D or E, Lines 15, 17, 19 or 20 for stocks, bonds and other securities, submit a separate schedule listing the date(s) of acquisition(s) and sale of each investment. 2. If any exemption is claimed on Line 26, 27 or 28, indicate reason(s). 1020015305 Reset Entire Form PREVIOUS PAGE NEXT PAGE PRINT FORM FILL IN FORM USING ALL CAPS. DO NOT USE DASHES (-) OR SLASHES (/) IN ANY FIELD. ENTER DATES AS MMDDYYYY. USE WHOLE DOLLARS ONLY. RCT-102 (07-15)(FI) Page 4 1020015405 MaNUFaCTURING, PROCeSSING OR ReSeaRCH aND DeVeLOPMeNT aCTIVITY INFORMaTION 1. During this reporting period, did any of the following changes occur? Y/N a. Change from nonmanufacturing activities to manufacturing activities?................................................................ b. Change from manufacturing activities to nonmanufacturing activities?................................................................ c. Change during this reporting period due to plant(s) beginning or terminating a manufacturing operation? .................. If yes to a, b or c above, give date(s) change(s) occurred and submit details explaining such change(s). 2. Did manufacturing activities cease anytime during the year (other than normal shutdowns, e.g., vacation time, retooling time, etc.)? ..................................... Y/N If yes, indicate reason for inactivity and period(s) of inactivity, and submit time(s) company became inactive and resumed operation(s). ➧ The PA Department of Revenue requires a description of the corporation’s activities be furnished in sufficient detail to enable the taxing officials to make a determination of the validity of the claim for the manufacturing exemption. Must be completed in full each year. attach additional schedule(s) if necessary. 1020015405 Reset Entire Form PREVIOUS PAGE RETURN TO PAGE ONE PRINT FORM
Extracted from PDF file 2023-pennsylvania-form-rct-102.pdf, last modified August 2015

More about the Pennsylvania Form RCT-102 Corporate Income Tax TY 2023

We last updated the Capital Stock Tax Manufacturing Exemption Schedule in February 2024, so this is the latest version of Form RCT-102, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RCT-102 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.


eFile your Pennsylvania tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Pennsylvania and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

Other Pennsylvania Corporate Income Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PA-41 PA Fiduciary Income Tax Return
Form PA-40 ES (P/S/F) PA-40 ES Partnership, PA S Corporation and Fiduciary - Declaration of Estimated Withholding Tax
Form RCT-127A Public Utility Realty Tax Report
Form RCT-900 Public Utility Realty Report By Local Taxing Authorities
Form PA-20S-PA-65 S Corporation/Partnership Information Return (PA-20S/PA-65)

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms


Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form RCT-102 from the Department of Revenue in February 2024.

Show Sources >

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 Pennsylvania Form RCT-102

We have a total of thirteen past-year versions of Form RCT-102 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2022 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2021 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2020 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2019 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2017 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2016 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

Forms/Publications 2015 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

Forms/Publications 2014 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102) 2013 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102) 2012 Form RCT-102

Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)

2011 Capital Stock Tax Manufacturing Exemption Schedule (RCT-102) 2011 Form RCT-102

2011 Capital Stock Tax Manufacturing Exemption Schedule (RCT-102)


TaxFormFinder Disclaimer:

While we do our best to keep our list of Pennsylvania Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/pennsylvania/form-rct-102