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Screen SESch — South Carolina PPT — Manufacturer Personal Property (Cont.)

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Overview

Use this screen to enter general information for Form PT-300, Schedules A, B, C, D, E, F, S, T, X, and Z for the corresponding unit only.
note
  • If this return has depreciable assets, select the
    Asset
     tab in the federal activity and enter PPT information for each asset before you enter data in the
    SESch
    screen.
  • You must complete
    Location ID#
    ,
    Plant / Operation name
    ,
    PPT type — SC
    ,
    County — SC
    , and
    Form Type — SC
     and enter
    South Carolina
     in the
    Situs
     field for each asset in the
    Asset Detail
     window for the federal activity for Form PT-300.

Schedule Information

Use this section to enter information for Form PT-300 and Schedules A, B, C, D, E, F, S, and T.
Unit
UltraTax CS enters the next available number in this field. You can replace this number, but you can't leave the field blank. UltraTax CS uses this information to get and coordinate information for the assessable business location.
SID number
The
SID number
 that UltraTax CX shows here is from the
Location ID#
 in the
Asset
 screen for the federal activity.
note
  • If the return has no depreciable assets, and you've entered
    X
     in the
    Create return, only if this return has no depreciable assets
     field, you can enter the
    SID number
    .
  • UltraTax CS uses the
    SID number
     that you enter as the description for this input screen unit in the folders block.
Plant/Operation name
UltraTax CS shows the
Plant / operation name
 from the
Asset Detail
 window. UltraTax CS creates 1 property tax schedule for each unique SID number/county/plant/operation name entered.
To transfer assets from the
Asset
 tab correctly:
  1. On the
    Asset
     tab, select
    Setup
    ,
    Associations
    , then
    Enable
    .
  2. Select
    Plant / operation name
     in the list, then
    Properties
    .
  3. Add the plant/operation name for each schedule you want to create.
  4. After you've entered the names, select
    Edit
    , then
    Reassign Assets
    .
  5. Assign plant/operation names to the assets.
note
If the return has no depreciable assets, and you've entered
X
 in the
Create return, only if this return has no depreciable assets
field, you can enter the plant / operation name.
Create return, only if this return has no depreciable assets
If the return has no depreciable assets, enter
X
 to create a unit of this screen. After you enter
X
, you can enter the SID number and plant / operation name.
Schedule letter
Press
F4
 to select a letter from the dropdown list that indicates the schedule to be completed for this plant / operation.
Schedule Letter
Schedule Description
A
Manufacturing or Mining
B
Non-Contiguous Manufacturing
C
Research and Development
D
Corporate Headquarters Distribution Facility
E
Leased Utility
F
Leased Transportation For Hire
S
Manufacturing Fee In Lieu of Tax
T
Non-Manufacturing Fee In Lieu of Tax
Schedule number
Enter the schedule number for this plant/operation.
NAICS code
Enter the NAICS code if it's different from the code entered in the
SERet-2
 screen for this unit.
Reason for no longer reporting assets
Enter the Type Code or press
F4
 to choose a Type Code from the dropdown list.
Type Code
Description
1
Property sold
2
Property destroyed
3
Operation ceased
4
Property no longer leased
5
Assets transferred to another schedule or return
6
Other
Reason for no longer reporting assets: Other
Use this field if
Type Code 6
 is entered as the
Reason for no longer reporting assets
.
Date of occurrence
Enter the date of occurrence in relation to no longer reporting assets for this plant/operation.
Jobs created
Enter the number of jobs created for this plant/operation
for Schedule D only
.
Total jobs
Enter the total jobs created for this plant/operation
for Schedule S and Schedule T only
.
New full time employees hired
Enter the names, Social Security numbers, and hire dates of the new full-time employees
for Schedule D only
.

Schedule Z Information

Complete general return information for Form PT-300, Page 2 and Form PT-300, Schedule Z.
Leases previously reported
Enter information for leases that have been previously reported. The information for all schedules related to this unit of Form PT-300 will be aggregated and printed on a report that's available at print time only.
Leases not previously reported
Enter information for leases that have not been previously reported. The information for all schedules related to this unit of Form PT-300 will be aggregated and will transfer to Schedule Z, Pages 1 and 2. Information that exceeds the limit of the form will be printed on a report that's available at print time only.

Schedule X Information

Complete general return information for Form PT-300, Schedule X.
A unit of Form PT-300, Schedule X is generated for each Form PT-300 Schedule A, B, C, D, E, F, S, or T with current-year additions for the property type's: leasehold improvements, pollution control, and/or buildings and improvements. The cost for these asset types will transfer to the line on Form PT-300, Schedule X based on the type selected in
Improvement type - SC
 in the
Asset Detail
 window.

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