Form Ds 060 - Personal Property Lessor Declaration Schedule - 2014 Page 3
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5INSTRUCTIONS FOR COMPLETING THE LESSOR'S PERSONAL PROPERTY
DECLARATION SCHEDULE DS 060
A. NAME AND MAILING ADDRESS: Write any corrections to the preprinted name/address information. If you are not the current
business owner, please list the name and address of the new owner in the appropriate box. Also, list the date that the property was sold to
the new owner.
BUSINESS NAME AND PHYSICAL LOCATION OF THE PERSONAL PROPERTY: If not preprinted, provide the:
Business
Name
Actual Physical Location of the Personal Property
Change In Physical Location, If Applicable
Additional Property
Location Changes, If Applicable
List of Locations Where Other Personal Property Is Owned.
B. BUSINESS: Provide your business start-up date and the primary product or service that you provide.
C. BUSINESS STATUS: Check the appropriate boxes for your property status and indicate the date of any change in property’s location
from the prior year. The assessor may select your business for an audit whether or not you file a declaration schedule.
D. LEASED, LOANED, OR RENTED PROPERTY: Answer questions concerning manufactured property by checking the appropriate
box. IF YOU ARE A MANUFACTURER, PLEASE COMPLETE THIS SECTION AND ALSO READ SECTION F on the reverse side
of this form. Do not list licensed vehicles, mobile equipment with SMM license plates, rental decals, or Z-tabs. All other personal
property leased, rented, or loaned by you must be listed on this form. Property rented 30 days at a time or less, returned by the renter at his
option and where the sales or use tax is actually collected before finally being sold is considered to be exempt merchandise inventory; it
should NOT be reported. Leased, loaned, or rented property must be identified as follows:
Name and Address of the User
Quantity
Property Description Including Model and Serial Number
Lease Term (From-To)
Actual Monthly Rent
Year Acquired
Sales
Price or Original Installed Cost
The Month and Year Each Item was First Placed into Service or is Scheduled to be Placed into Service.
Sales Price or Original Installed Cost is defined as the amount that was paid for the personal property when new, inclusive of
Sales/Use Tax
Freight and
Installation Charges. If the item was purchased used, include its Cost to You along with Sales/Use Tax,
Freight, and Installation Charges. The data above must be furnished for each item of personal property being leased, loaned, or rented.
If purchase or maintenance options are included in the leases, check this box and provide details on a separate sheet(s), if necessary. If
refurbishments, upgrades, or other changes to existing equipment have been made, check this box and provide details on a separate
sheet(s), if necessary.
“CONSUMABLE” PERSONAL PROPERTY EXEMPT FROM TAXATION:
Pursuant to § 39-3-119, C.R.S., personal property classified as “consumable” as defined in ARL Volume 5, Chapter 7, is exempt from
taxation and should NOT be listed on this declaration. “Consumable” personal property is defined as any asset having a life of one (1)
year or less regardless of cost, and any asset with a life longer than one year that has a reasonable original installed cost or market value in
use of $350 or less at the time of acquisition. The $350 limitation applies to personal property that is completely assembled and ready to
perform the end user’s intended purpose(s) and it includes all acquisition costs, installation costs, sales/use taxes and freight expenses.
E. DISPOSITION OF PROPERTY FOR CONTRACTS TERMINATED DURING PREVIOUS YEAR: Complete this section by
providing information on the location of property for which leases were terminated in the previous year. You may use the form provided
or attach a complete listing. This information MUST BE REPORTED.
F. MANUFACTURER/LESSORS: Please read the statements included in this section. Items that were leased during the previous calendar
year, but have been returned to the manufacturer for scrapping, substantial reconditioning, renovating, or remanufacturing must be reported
to the assessor for the assessment year following the year in which the items were put back into service.
G. LESSORS OF MOTOR VEHICLES OR MOBILE MACHINERY OR EQUIPMENT: If you are a lessor of motor vehicles or
mobile machinery or equipment, please provide a list of the items here. Check the box(es) if the listed mobile equipment is licensed or
Z-tabbed.
Attach a separate list if necessary.
H. ANSWER ALL OF THE QUESTIONS AND PROVIDE SEPARATE LISTINGS IF APPLICABLE.
I.
RENEWABLE ENERGY PERSONAL PROPERTY: Check the appropriate boxes regarding renewable energy property under your
ownership in Colorado. If the RENEWABLE PROPERTY IS OWNED BY YOU, RENEWABLE PROPERTY FORM DS 058 is required to
be filed with the assessor.
J.
DECLARATION AND SIGNATURE: Print the personal property owner’s Federal Employer Identification Number (FEIN) or Social
Security Number (SSN). Print name of owner, name of person signing, phone number, and e-mail address. Then sign, date, and return this
th
form to assessor by April 15
. § 39-5-107, C.R.S.
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