This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Business Tangible Personal Property Form With Tax Return In King
Category:
State:
Multi-State
County:
King
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Tangible Personal Property includes all furniture, fixtures, tools, machinery, equipment, signs, leasehold improvements, leased equipment, supplies and any other equipment that may be used as part of the ordinary course of business or included inside a rental property.
Tangible personal property is anything your business owns that is movable. This property can include office furniture and supplies, machinery, tools, and vehicles. Like real property, tangible personal property tax is assessed based on the presumed value of the assets.
Tangible personal property is mainly a tax term which is used to describe personal property that can be felt or touched, and can be physically relocated. For example: cars, furniture, jewelry, household goods and appliances, business equipment.
The term tangible personal property means corporeal personal property of any nature having a material existence and perceptibility to the human senses.
Business tangible personal property is the value of all property besides real estate that is used in your business or organization. It includes equipment used in the production of income or held as an investment; billboards; foundations for the equipment; and all other tangible property other than real property.
Tangible personal property includes equipment, supplies, and any other property (including information technology systems) other than that is defined as an intangible property.
Each individual, partnership, or corporation that has taxable personal property must file a return Form 62A500 between January 1 and May 15th with their local Property Valuation Administrator (PVA).
More info
File the return with the property valuation administrator in the county of taxable situs or the Office of Property Valuation. Please use the Tax Portal or the Business Personal Property Return below to file your annual business personal property return before the April 15th due date.Request for Extension to file Business Tangible Personal Property Tax Return. We will not accept any form other than the King George County business property return. Every new business owning tangible personal property on January 1 must file an initial tax return. All businesses, churches, and not-for-profit organizations must file business tangible personal property forms with the assessor's office each year. Gov or call . Do not send money with this return. You will be billed later for the tax. 3.
