Personal Property Tax Return Form - Comissioner Of Revenue, Arlington, Virginia (Page 2 of 2) in pdf

Personal Property Tax Return Form - Comissioner Of Revenue, Arlington, Virginia Page 2

personal property tax return

12/16/02

11:06 AM

Page 2

VEHICLE LOCATION ADDRESS AS OF JANUARY 1, 2003 (DO NOT USE P.O. BOX)

STREET

CITY

STATE

ZIP CODE

What is the Personal Property Tax Relief Act?

The Personal Property Tax Relief Act of 1998 provides tax relief for passenger cars, motorcycles, and pickup or panel trucks having a registered gross weight

of less than 7,501 pounds. To qualify, a vehicle must

•

be owned by an individual or leased by an individual under a contract requiring the individual to pay the personal property tax;

AND,

•

be used 50% or less for business purposes.

Motor homes, trailers and farm use vehicles do not qualify for tax relief.

DOES YOUR VEHICLE QUALIFY FOR CAR TAX RELIEF?

PERSONAL PROPERTY TAX RELIEF

If you can answer YES to any of the following questions, your motor vehicle is considered by State Law to have a

business use and does NOT qualify for Car Tax Relief.

• Is more than 50% of the mileage for the year used as a business expense for Federal Income Tax purposes OR reimbursed by an employer?

• Is more than 50% of the depreciation associated with the vehicle deducted as a business expense for Federal Income Tax purposes?

• Is the cost of the vehicle expensed pursuant to Section 179 of the Internal Revenue Service Code?

• Is the vehicle leased by an individual and the leasing company pays the tax without reimbursement from the individual?

This vehicle is for ! Personal Use ! Business Use

See business use criteria above.

DECLARATION: I declare that the statements and figures herein given are true, full and correct to the best of my knowledge and belief.

____________________________________________________

_____________________

Signature

Joint Owner’s Signature

Date

NOTE: It is a Class 1 misdemeanor for any person to willfully subscribe a return which he or she does not believe to be true and correct as to

every material matter. (Code of Virginia Section 58.1-11)

Personal Property Tax Return Form - Comissioner Of Revenue, Arlington, Virginia Page 2

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