Form 41-1

Line G. This line is only to be used if the return and payment are going to be postmarked by the 15th of the month the tax is due.

Example: August 2022 return and payment must be postmarked by September 15, 2022 to qualify for the vendor compensation credit. Enter the total amount of vendor compensation credit allowed for the filing period. Note: Vendors are allowed to take a credit of 1.95% of the total tax due for the first $6,250.00 of tax due. For any amount exceeding $6,250.00 of tax due, vendors are allowed to take a 1% credit up to a total vendor compensation credit of $500.00 per filing period, per vendor (vendor means ownership). To calculate the vendor compensation credit, follow the example below:

• Assuming total tax due of $7,500.00 for the August 2022 filing period, (from Line F of Part 1 - Summary on Form 41)
• 1.95% x $6,250.00 = $121.88
• 1% x $1,250.00 (amount exceeding $6,250.00) = $12.50
• $121.88 + $12.50 = $134.37
• The total vendor compensation credit allowed for the August 2022 filing period is $134.37. Place this amount on Line G.