Modified Business Tax

Current Modified Business Tax Forms

Modified Business Tax Return-General Businesses (7-1-13 to Current)

This is the standard quarterly return for reporting the Modified Business Tax for General Businesses. The 2011 Legislative Session pursuant to AB 504, reduced the interest rate to 0.75% (or .0075) from 1% (or .01) effective 7/1/2011. SB475 of the 2013 Legislative Session became effective July 1, 2013. The changes under this bill extend the 0% rate on Tier 1 of the MBT to June 30, 2015. Additionally, the Tier 1 threshold is increased from $62,500 to $85,000. If the sum of all taxable wages, after health care deductions, paid by the employer does not exceed $85,000 for the calendar quarter, the amount of tax is 0% of the sum of those wages. If the sum of all the wages paid by the employer exceeds $85,000 for the calendar quarter, the tax is 1.17% of the amount of the wages that exceeds $85,000. For example: if the sum of all wages for the 9/13 quarter is $101,000 after health care deductions, the tax is $187.20 (0.0117 x $16,000 which is the amount exceeding $85,000). These changes are effective July 1, 2013 and expire June 30, 2015. A tax return will still need to be filed for any business reporting, even if the taxable wages are less than $85,000 and tax due is $0.
pdf document

Modified Business Tax Return-Financial Institutions (10-1-03 to Current)

This is the standard quarterly return for reporting the Modified Business Tax for Financial Institutions. The 2011 Legislative Session pursuant to AB 504, reduced the interest rate to 0.75% (or .0075) from 1% (or .01) effective 7/1/2011. This return will calculate penalty and interest based on the Date Paid field. For returns with a period end date of 4/30/07 and after, the penalty calculation changes to a graduated scale per NAC 360.395. Instructions are included following the return.
pdf document

Prior Modified Business Tax Forms

Modified Business Tax Return-General Businesses (7-1-09 to 6-30-13)

This is the standard quarterly return for reporting the Modified Business Tax for General Businesses. The 2011 Legislative Session pursuant to AB 504, reduced the interest rate to 0.75% (or .0075) from 1% (or .01) effective 7/1/2011. The 2011 Legislative Session pursuant to AB 561, eliminated the Modified Business Tax on any 'General Business' with $62,500 or less in taxable wages per calendar quarter, after health care deductions. The rate for any taxable wages for 'General Business' above the $62,500 per calendar quarter remains at 1.17%, after health care deductions. A tax return will still need to be filed for any business reporting as a General Business, even if taxable wages are less than $62,500, and tax due is $0. Any businesses classified as Financial Institutions are not affected. This change is effective July 1, 2011 for period ending September 30, 2011. The correct tax rates will display based on the period end date selected. This return will calculate penalty and interest based on the Date Paid field. For returns with a period end date of 4/30/07 and after, the penalty calculation changes to a graduated scale per NAC 360.395. Instructions are included following the return.
pdf document

Modified Business Tax Return-General Businesses For (10-1-2003 to 6-30-2009)

This is the standard quarterly return for the reporting of the Modified Business Tax for General Businesses, effective from the start date of the tax 10/1/2003. The correct tax rates will display based on the period end date selected. This return will calculate penalty and interest based on the Date Paid field. For returns with a period end date of 4/30/07 and after, the penalty calculation changes to a graduated scale per NAC 360.395. Instructions are included following the return.
pdf document