Schedule                                           Indiana Department of Revenue
URT-2220                                           Underpayment of 
State Form 51252
 (R18 / 8-22)                             Estimated Utility Receipts Tax
                                 Beginning                                     2022 and Ending

□ Check box if using the exact quarterly payment method.

The purpose of this schedule is to calculate the penalty for underpayment of utility receipts tax on a quarterly basis. The penalty is  
10 percent of the total quarterly underpayments unless an exception to the penalty is met for a quarter in Part II.

Name of Corporation or Organization                                                             Federal Employer Identification Number

Part I - Calculation of Minimum Quarterly Payment (use a minus sign to denote a negative amount)

1.  Enter utility receipts tax due (line 16 of Form URT-1); if less than $2,500, enter -0- ...................                  1                00
2.  Multiply line 1 by 80% and enter result on line 3 ......................................................................... 2             X.80
3.  Minimum required payment of utility receipts tax liability for the taxable year.............................                3                00
4.  Enter prior year’s utility receipts tax liability (do not reduce by estimated taxes paid) that is  
 relative to the number of months in the current taxable year ......................................................            4                00
Part II - Calculation of Quarterly Underpayment Penalty or Exception

5.  Enter line 3 or line 4, whichever amount is less .......................................................................... 5                00 

                                                                                    (a)         (b)                                     (c)   (d)
                                                                                    1st quarter 2nd quarter                       3rd quarter 4th quarter
6.  Enter in columns (a) through (d) the quarterly installment  
 due dates corresponding to the 20th day of the 4th, 6th, 
 9th and 12th months of the tax year ......................................    6
7.  Enter the amount of utility receipts tax paid or credited on  
 or before the due date of the quarterly installment ................          7
8.  Enter the overpayment, if any, from the preceding column  
 in excess of any prior underpayments shown on line 11 .......                 8
9.  Add lines 7 and 8 for each column ........................................ 9
10.  Divide line 5 by 4 or by the number of quarters in the  
 taxable year; enter result in columns (a) through (d).............  10
11.  Subtract line 10 from line 9 for each quarter 
 (If the result is a negative figure, you have not met an  
 exception to the penalty for the quarter.) ...............................  11
12.  If line 11 shows zero or more for a quarter, the overpayment  
 exception is met. Enter zero on line 12. Otherwise,  
 compute 10% penalty on the underpayment shown  
 on line 11 for each column.  Enter the penalty, if any, for  
 the quarter as a positive figure ..............................................  12
13.  Add line 12, columns (a) through (d). This is the total underpayment penalty. Enter it here and  
 carry the amount to Form URT-1, line 23 ..........................................................................................  13          00

                                          *20422111694*
                                                             20422111694