-------
,\
\ \ \ \ \
\\\\\\\
-------
-------
-------
Page 2
Form 500MC
2010
Column 1 Column 2 Column 3
COMPUTATION OF APPORTIONMENT FACTOR
TOTALS TOTALS
DECIMAL FACTOR
WORKSHEET
WITHIN WITHIN AND
Column 1 ÷ Column 2
(Applies only to multistate corporations)
MARYLAND WITHOUT
(
rounded to six places
)
MARYLAND
1A. Receipts a. Gross receipts or sales less returns and allowances . . . . . . . . . . . . .
b. Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e. Gross royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
f. Capital gain net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
g. Other income (Attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
h. Total receipts (Add lines 1A(a) through 1A(g), for Columns 1 and 2) . .
.
1B. Receipts Enter the same factor shown on line 1A, Column 3. Disregard this line
if special apportionment formula used . . . . . . . . . . . . . . . . . . . . . . . . . . .
.
2. Property a. Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Machinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d. Land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e. Other tangible assets (Attach schedule) . . . . . . . . . . . . . . . . . . . . . . .
f. Rent expense capitalized (multiplied by eight) . . . . . . . . . . . . . . . . . .
g. Total property (Add lines 2a through 2f, for Columns 1 and 2) . . . . .
.
3. Payroll a. Compensation of officers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Other salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Total payroll (Add lines 3a and 3b, for Columns 1 and 2) . . . . . . . . .
.
4. Total of factors (Add entries in Column 3)................................................................................................................................................................
.
5. Maryland apportionment factor Divide line 4 by four for three-factor formula, or by the number of factors used if special apportionment
formula required, and enter on line 2, page 1 of this form. (If factor is zero, enter 000001) ..................................................................................
.
Purpose of Form
Under the Tax Reform Act of 2007, as amended by
Chapter 177 / 178 (Senate Bill 444 / House Bill 664)
of the 2008 regular session of the General Assembly,
each manufacturing corporation that has more than 25
employees and apportions its income under the single
sales factor is required to le information reports with the
Comptroller of Maryland. Form 500MC must be completed
by these corporations to comply with this requirement
and serves to provide the comparison between using a
single-factor apportionment formula and the three-factor
formula that was required prior to January 1, 2001, as
described in statute and regulation.
Additional information can be found at www.
marylandtaxes.com/reporting. Our corporate
information reporting hot line is 410-767-3015 (toll-free
866-588-2086).
General Instructions
Multistate manufacturing corporations are required to use
a single-factor apportionment formula based on receipts.
If the corporation has more than 25 employees, Form
500MC must also be led.
Complete the worksheet above using the standard three-
factor formula. See instructions for completing Schedule
A for Forms 500 or 510. Submit the completed 500MC
form with the income tax return.
Specic Instructions
Enter the identifying information at the top of Form
500MC, and then answer the two questions that
follow, using the check boxes provided.
Lines 1 through 8.
Instructions for each of these lines are
provided on page 1 of Form 500MC.
Line 9. Volume of sales (receipts).
Enter the amount from line 1A.a, page 2 of
Form 500 or Form 510. Enter the amount from
column 1 for “In Maryland” and from Column
2 for “Worldwide”.
Line 10. Taxable income.
For Form 500, enter the amount from line 8,
page 1 for “In Maryland” and from line 1 page
1 for “Worldwide.” For Form 510, enter the
amount from line 4, page 1 for “In Maryland”
and line 2, page 1 for “Worldwide.”
Line 11. Book value of plant, land and equipment.
Enter the book value of your plant, land and
equipment in Maryland and worldwide as they
are valued at the end of the tax year.
COM/RAD 317 10-49
