Form Boe-571-L - Business Property Statement

BOE-571-L (P5)(P6)(P7)

REV.

22 (05-16)

PP-86 (REV.

7-16

)

3. CAPITALIZED LEASED EQUIPMENT. Report here all leased

Air conditioning (except process cooling)

equipment that has been capitalized at the present value of the

Boilers (except manufacturing process)

minimum lease payments on which a final payment remains to be made.

Central heating & cooling plants

Enter the year of acquisition, the year of manufacture, description of

the leased property, the lease contract number or other identification

Craneways

number, and the total installed cost to purchase (including sales tax).

Elevators

Do not include in Schedule A or B unless final payment has been

Environmental control devices (if an integral part of the structure)

made.

Fans & ducts (part of an air circulation system for the building)

4. VENDING EQUIPMENT. Report the model and description of the

Fire alarm systems

equipment; do not include in Schedule A.

Partitions (floor to ceiling)

5. OTHER BUSINESSES. Report other businesses on your

Pipelines, pipe supports & pumps used to operate the facilities of a

premises.

building

6. GOVERNMENT-OWNED PROPERTY. If you possess or

Pits not used in the trade or process

u s e g o v e r n m e n t - o w n e d l a n d , i m p ro v e m e n t s , o r f i x e d

Railroad spurs

equipment, or government-owned property is located on your premises,

Refrigeration systems (integral part of the building)

report the name and address of the agency which owns the property,

and a description of the property.

Refrigerators, walk-in (excluding operating equipment) which are an

integral part of the building

SCHEDULE A - COST DETAIL: EQUIPMENT

Restaurants - rough plumbing to fixtures

Safes - imbedded

Do not include property already reported in Part III.

Signs which are an integral part of the building excluding sign cabinet

(face & lettering)

LINES 11-38. Enter in the appropriate column the cost of your

equipment segregated by calendar year of acquisition, include short-

Silos or tanks when primarily used for storage or distribution

lived or expensed equipment. Total each column. Report full cost; do

Sprinkler systems

not deduct investment credits, trade-in allowances or depreciation.

Include equipment acquired through a lease-purchase agreement

Store fronts

at the selling price effective at the inception of the lease and report

Television & radio antenna towers

the year of the lease as the year of acquisition (if final payment has

not been made, report such equipment in PART III).

Report

EXAMPLES OF FIXTURE ITEMS, Column 2

self-constructed equipment used by you at the proper trade level

in accordance with Title 18, section 10, of the California Code of

An improvement will be classified as a fixture if its use or purpose directly

Regulations. Exclude the cost of normal maintenance and repair that

applies to or augments the process or function of a trade, industry, or

does not extend the life nor modify the use of the equipment. Exclude

profession.

the cost of equipment actually removed from the site. The cost of

equipment retired but not removed from the site must be reported.

Segregate and report on PART II, line 3, the cost of equipment out on

Air conditioning (process cooling)

lease or rent.

Boilers (manufacturing process)

Burglar alarm systems

Include special mobile equipment (SE Plates). Exclude motor

vehicles licensed for operation on the highways. However, you must

Conveyors (to move materials and products)

report overweight and oversized rubber-tired vehicles, except licensed

Cranes - traveling

commercial vehicles and cranes, which require permits issued by the

Environmental control devices (used in production process)

Department of Transportation to operate on the highways. If you have

paid a license fee prior to January 1 on these large vehicles, contact

Fans & ducts (used for processing)

the Assessor for an Application for Deduction of Vehicle License Fees

Floors, raised computer rooms

from Property Tax and file it with the Tax Collector. Report overweight

Furnaces, process

and oversized vehicles in Column 3.

Ice dispensers, coin operated

Computers used in any application directly related to manufacturing, or

Machinery fdns. & pits (not part of normal flooring fdns.)

used to control or monitor machinery or equipment, should be reported

in Column 1. Do not include application software costs in accordance

Permanent partitions (less than floor to ceiling)

with section 995.2 of the California Revenue and Taxation Code.

Pipelines, pipe supports, pumps used in the production process

Personal Computers should be reported on Schedule A, column 5a;

Pits used as clarifiers, skimmers, sumps & for greasing in the trade or

Local Area Network (LAN) equipment, including LAN Components, and

Mainframes should be reported on Schedule A, column 5b. Personal

manufacturing process

computers include the following: Desktops, Docking Stations, Ink Jet

Plumbing - special purpose

Printers, Laptops, Laser Printers, Mini Towers, Monitors, Netbooks,

Notebooks, PC Power Supply, Scanners, Workstations. Local Area

Power wiring, switch gear & power panels used in mfg. process

Network Equipment includes the following: External Storage Devices,

Refrigeration systems (not an integral part of the building)

Hubs, Mainframes, Network Attached Storage Devices, Routers,

Refrigerators, walk-in unitized; including operating equipment

Servers, Switches. LAN Components include, but are not limited to,

the following: Network Disk & Tape Drives, Network Fan Trays, Network

Restaurant equipment used in food & drink preparation or service

Memory, Network Portable Storage Devices, Network Power Supply,

(plumbing fixtures, sinks, bars, soda fountains, booths & counters,

Network Adaptors, Network Interface Cards, Network Processors.

garbage disposals, dishwashers, hoods, etc.)

If necessary, asset titles in Schedule A may be changed to better

Scales including platform & pit

fit your property holdings; however, the titles should be of such clarity

Signs - all sign cabinets (face) & free standing signs including supports

that the property is adequately defined.

Silos or tanks when primarily used for processing.

LINES 20, 24 and 36. For “prior” years acquisition, you must attach

LINE 61. If you have items reportable in Schedule B which were

a separate schedule detailing the cost of such equipment by year(s)

acquired in 1994 or previously, you

of acquisition. Enter the total cost of all such

acquisitions

on lines 20,

must attach a separate schedule

24 and 36.

detailing the cost of such items by year(s) of acquisition. Enter the

total cost of such items on line 61.

LINE 38. Add totals on lines 21, Column 5a, line 25, Column 3 and line

LINE 63. Add totals on line 62 and any additional schedules. Enter the

37, Columns 1, 2, 4 and 5b and any additional schedules. Enter the

same figure on PART II, line 4 that you entered in the box.

same figure on PART II, line 2, that you entered in the box.

SCHEDULE B - COST DETAIL: BUILDINGS, BUILDING

LINE 64. Report tenant improvements for which you received allowances

IMPROVEMENTS, AND/OR LEASEHOLD IMPROVEMENTS, LAND

during this reporting period that are not reported on Schedule B.

IMPROVEMENTS, LAND AND LAND DEVELOPMENT

DECLARATION BY ASSESSEE

LINES 39 - 63. Report by calendar year of acquisition the original

or allocated costs (per your books and records) of buildings and building or

The law requires that this property statement, regardless of where it is

leasehold improvements; land improvements; land and land development

executed, shall be declared to be true under penalty of perjury under

owned by you at this location on January 1. Include finance charges

the laws of the State of California. The declaration must be signed

for buildings or improvements which have been constructed for an

by the assessee, a duly appointed fiduciary, or a person authorized

to sign on behalf of the assessee. In the case of a corporation, the

enterprise’s own use. If no finance charges were incurred because

funding was supplied by the owner, then indicate so in the remarks.

declaration must be signed by an officer or by an employee or agent

In the appropriate column enter costs, including cost of fully depreciated

who has been designated in writing by the board of directors, by name

items, by the calendar year of acquisition and total each column. Do

or by title, to sign the declaration on behalf of the corporation. In the

case of a partnership, the declaration must be signed by a partner or

not include items that are reported in Schedule A.

an authorized employee or agent. In the case of a Limited Liability

If you had any additions or disposals reported in

Columns 1, 2, 3

, or

Company (LLC), the declaration must be signed by an LLC manager,

during the period of

through

January 1, 2016

December 31, 2016,

or by a member where there is no manager, or by an employee or agent

attach a schedule showing the month and year and description of

designated by the LLC manager or by the members to sign on behalf

of the LLC.

each addition and disposal. Enclosed for this purpose is BOE- 571-D,

Supplemental Schedule for Reporting Monthly Acquisitions and

When signed by an employee or agent, other than a member of the bar, a

Disposals of Property Reported on Schedule B of the Business

certified public accountant, a public accountant, an enrolled agent or

Property Statement. If additional forms are needed, photocopy the

a duly appointed fiduciary, the assessee’s written authorization of the

enclosed BOE-571-D.

employee or agent to sign the declaration on behalf of the assessee

Segregate the buildings and building or leasehold improvements into

must be filed with the Assessor. The Assessor may at any time require

the two requested categories (items which have a dual function will

a person who signs a property statement and who is required to have

be classified according to their primary function). Examples of some

written authorization to provide proof of authorization.

property items and their most common categorization are listed

below:

A property statement that is not signed and executed in accordance

with the foregoing instructions is not validly filed. The penalty imposed

EXAMPLES OF STRUCTURE ITEMS, Column 1

by section 463 of the Revenue and Taxation Code for failure to file is

An improvement will be classified as a structure when its primary use

applicable to unsigned property statements.

or purpose is for housing or accommodation of personnel, personalty,

or fixtures and has no direct application to the process or function of

a trade, industry, or profession.

Form Boe-571-L - Business Property Statement - 2017 Page 4

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