Form 901 - Business Personal Property Rendition Page 2
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1
2Instructions to Form 901
Who Must File...
Computer Equipment ...
All business concerns, corporations, partnerships and professionals are required
Items included: computer hardware, software, CRT printers, disk drives, etc.
by Oklahoma statutes to file each year a statement of taxable assets as of January
1, which are located within this county. This rendition must be signed by an owner,
Machinery and Equipment...
partner, officer of the corporation or a bonafide agent.
Items included: auto repair, agricultural, bakeries, barber and beauty shops, cleaning and
laundry, fuel storage tanks, gas pumps, medical, restaurants, signs, theaters, etc.. All
Penalties...
equipment and machinery (forklifts, mobile yard crams, drilling rigs, tools) is also included.
Failure to file by March 15th will subject the taxpayer to a mandatory penalty of 10
Equipment installed on trucks or trailers after purchase must also be reported. Do not list
percent, or a 20 percent penalty if not filed by April 15th (68 O.S. Section 2836C). If
licensed vehicle such as autos, trucks, semitrailers, boats over 10 h.p., etc.
received through the mail by this office, it must be postmarked no later than March 15th.
Postage metered mail overstamped by the Post Office after March 15th, will carry the
Forklifts and Construction Equipment...
mandatory penalty.
Items include: forklifts, back hoes, compactor, dozers, draglines, earth movers, graders,
mobile cranes, rollers, trenchers, etc.
Taxpayers Filing Form 901 in this County ...
Attach a complete detailed listing of all assets used in business, grouped by
Tooling, Dies and Molds...
description, year acquired and original cost, and items that have zero book value,
Items include: Tooling, dies punches, molds, patterns, jigs, etc.
use reporting Asset Listing 904 Schedule 3 or 3A, which is available from the
Trade Tools and Equipment...
county assessor.
Include items used by carpenters, cement finishers, craftsmen, electricians, mason,
North American Industry Classification System (NAICS)...
mechanics, repair services, roofers, etc.
This is your six digit Federal Business Activity Code.
★
Leased to Others...
Location of Property...
List lessee, address, asset type, original cost, and age of asset. Additional sheets may be
You must file a separate rendition for each location for assessment allocation to the
attached if necessary.
various school districts.
★
Leased from Others...
Original Cost Values or RCN...
List lessor, address, asset type, age of asset, and beginning year of lease. Additional
Report the total new or used total cost or replacement cost new, including freight-in and
sheets may be attached if necessary.
installation costs. Do not deduct investment credit, trade-in allowances or depreciation. If
unknown, estimate the original cost. Estimated costs will not be depreciated without
supporting documents.
Inventories...
Add your total monthly inventories. Then divide the sum by the number of months you
Year Acquired...
have inventory in this county for the year to determine your average inventory. Invento-
This is the purchase date. Depreciation can not be calculated unless the year acquired is
ries held for others or cosigned must be reported separately. Inventory claimed exempt
reported.
must be accompanied by a Freeport Exemption Form (901-F).
Leasehold Improvements...
If the Business is Sold, Closed or Name Changed...
Report cost and detailed description of improvements to property owned by others. Do
To avoid possible incorrect or duplicate assessment, taxpayers should provide information
not report building expansions or repairs, rough plumbing or electrical service, which are
as follows:
included in real estate values. Report all other items such as partitions, new store fronts, etc.
• Business Sold: date of sale, name and address of new owner.
Furniture and Fixtures...
• Business Closed: date of closing or date all personal property was disposed, report
Items included: office desks, chairs, credenzas, file cabinets, table booths, shelving
location and value of any remaining property still owned on the assessing date,
display cases, racks, gondolas, retail fixtures, hotel and motel furnishings, etc.
even if in storage.
• Business Name Change: date of change and new name.
Electronic Equipment ...
Items included: calculators, copiers, drafting machines, blueprinting machines, fax
machines, postage machines, telephone equipment, typewriters, lunch room appliances,
etc. Also, include electronic and computer controls used with machinery and equipment.
Part Four:
Additions During the Reporting Year, or Schedule 3, or 3A.
Year Acquired
Item
Total Original Cost or RCN
Item Description
Number
New
Used
Total
Part Five:
Deletions During the Reporting Year
Year Acquired
Item
Total Original Cost or RCN
Item Description
Number
New
Used
Total
Part Six:
Monthly Inventory
January
February
May
June
March
April
Average
November
July
August
September
October
December
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