Get Form 900-xm Application For Five-year Ad Valorem Tax Exemption ...

Filling out the Form 900-XM Application For Five-Year Ad Valorem Tax Exemption is essential for entities seeking tax exemptions for manufacturing or research and development facilities in Oklahoma. This guide provides a clear and detailed approach to assist users with varying levels of experience in completing the application online.

Follow the steps to complete your application accurately.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. At the top of the form, enter the year in which each asset group was acquired in the specified section labeled 'Assets Acquired ______.'
3. In the first paragraph, fill out the tax year for which you are filing the application by entering the year in the blank marked 'January 1, ___.'
4. Proceed to Question 1, where you need to input the North American Industrial Classification System (NAICS) code for each specific activity along with a descriptive explanation.
5. For Questions 6A to 6D, select and complete the applicable section that details the relevant eligibility scenarios regarding real estate.
6. In Question 7, list the amounts for the exemptions you are claiming on eligible property as of January 1, ensuring that you provide supporting documentation.
7. Question 8 pertains to leased assets. Complete this question according to the conditions of the leasehold equity to qualify for the exemption.
8. On the signature page (Page 4), ensure you sign and notarize correctly. If a representative other than a company officer is signing, include Form BT-129 Power of Attorney.
9. On Page 5, complete the State of Oklahoma Employment Level and Payroll Affidavit, following the provided instructions carefully.
10. On Page 6, complete the Personal Property Appraisal Worksheet. List out all tangible and intangible personal property accurately, including item numbers and descriptions.
11. Once finished, review all entries for accuracy, then save your changes, download, print, or share the completed form as needed.

Complete your Form 900-XM application online today for a seamless filing experience.