Virginia Form 762 - Return Of Tangible Personal Property, Machinery And Tools, And Merchants' Capital - 2006 Page 2

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FORM 762 (2006)
Page 2
Fair Market Value
Fair Market Value
as Ascertained by
PART IV OTHER TANGIBLE PERSONAL PROPERTY
as Listed by
Commissioner
Taxpayer
of the Revenue
26. (a) Horses, mules and other kindred animals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) Cattle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) Sheep and goats . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(d) Hogs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(e) Poultry — chickens, turkeys, ducks, geese, etc. . . . . . . . . . . . . . . . . . . . . . . . . . .
(f) Equipment used by farmers or cooperatives to produce ethanol derived primarily from farm products . . . . . . . . . . . . . . . . . . . .
(g) Grains and other feeds used for the nurture of farm animals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(h) Grain, tobacco and other agricultural products in the hands of a producer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(i) Equipment and machinery used by farm wineries in the production of wine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27. Felled timber, ties, poles, cord wood, bark and other timber products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28. (a) Refrigerators, deep freeze units, air conditioners and automatic refrigerating machinery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) Vacuum cleaners, sewing machines, washing machines, dryers and all other household machinery . . . . . . . . . . . . . . . . . . . . .
(c) Pianos and organs, television sets, radios, phonographs and records and all other musical instruments . . . . . . . . . . . . . . . . . .
(d) Watches and clocks and gold and silver plates and plated ware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(e) Oil paintings, pictures, statuary, and other works of art $
books $
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
___________
(f) Diamonds, cameos and other precious stones and precious metals used as ornaments or jewelry . . . . . . . . . . . . . . . . . . . . . .
(g) Sporting and photographic equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(h) Firearms and weapons of all kinds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(i) Bicycles and lawnmowers, hand or power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(j) Household and kitchen furniture (state number of rooms
) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
___________
29. Seines, pound nets, fykes, weirs and other devices for catching fish . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30. Poles, wires, switchboards, etc., telephone or telegraph instruments, apparatus, etc., owned by any person, firm, association or company not incorporated
31. Toll bridges, turnpikes and ferries (except steam ferries owned and operated by chartered company) . . . . . . . . . . . . . . . . . . . . . .
32. Total of Part IV (add lines 26 through 31 and enter on line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
GENERAL INSTRUCTIONS:
Complete Form 762, reporting property which you owned on January 1, 2006, then file it with the Commissioner of the Revenue
of the County or City generally on or before May 1, 2006. Since some localities have due dates other than May 1, you may want to contact your local office
to be sure of the proper due date. Write the word “None” opposite each item of property which you do not own. No property is assessable as tangible personal
property if defined by §58.1-1100 as intangible personal property. If additional space is needed, attach a separate schedule. Note: If your motor vehicle is
considered by State Law to have a business usage, it does not qualify for Car Tax Relief. Your vehicle is classified as having business usage if any of the
following circumstances apply: 1) more that 50% of the mileage for the year was reported as a business expense for Federal Income Tax purposes or
reimbursed by an employer; 2) more than 50% of the depreciation associated with the vehicle is deducted as a business expense for Federal Income Tax
purposes; 3) the cost of the vehicle is expensed pursuant to Section 179 of the IRC; or 4) the vehicle is leased by an individual and the leasing company pays
the tax without reimbursement from the individual.
DEFINITION OF MANUFACTURED HOMES (ALSO KNOWN AS MOBILE HOMES) FOR PART I, LINE 3
“Manufactured home” means a structure subject to federal regulation, which is transportable in one or more sections; is eight body feet or more in width
and 40 body feet or more in length in the traveling mode, or is 320 or more square feet when erected on site; is built on a permanent chassis; is
designed to be used as a single-family dwelling, with or without a permanent foundation, when connected to the required utilities; and includes the
plumbing, heating, air-conditioning, and electrical systems contained in the structure (§36-85.3, Code of Virginia). “Manufactured homes” are also
known as “mobile homes.”
INFORMATION FOR PART II, MACHINERY AND TOOLS
If you are engaged in a manufacturing, mining, water well drilling, processing or reprocessing, radio or television broadcasting, dairy, dry cleaning or
laundry business, report all machinery and tools used in manufacturing, mining, water well drilling, processing or reprocessing, radio or television
broadcasting, dairy, dry cleaning or laundry business, such machinery and tools being segregated by §58.1-3507, Code of Virginia, as amended for local
taxation exclusively, and each county, city and town being required to make a separate classification for all such machinery and tools.
INFORMATION FOR PART III, MERCHANTS’ CAPITAL
If you are a merchant and if locality taxes the capital of merchants, report all other taxable personal property of any kind whatsoever, except money on
hand and on deposit and except tangible personal property not offered for sale as merchandise, which tangible personal property should be reported as
such on front of this return under the heading “TANGIBLE PERSONAL PROPERTY.”
FOR EXECUTORS, ADMINISTRATORS, TRUSTEES, COMMITTEES, GUARDIANS AND OTHER FIDUCIARIES
If this is the return of tangible personal property, machinery and tools, or merchants’ capital in the hands of an executor, administrator, trustee, committee,
guardian or other fiduciary, such fiduciary must complete so much of both pages of this return as pertains to such property and, in addition, supply the
information called for below:
j
j
j
j
j
j
1.Character of Fiduciary: Executor
Administrator
Trustee
Committee
Guardian
Other
2.Name of Estate, Trust or Ward ________________________________________________________________________
(Specify)
DECLARATION OF TAXPAYER
I declare that the statement and figures submitted on both pages of this return are true, full and correct to the best of my knowledge and belief. I
certify that unless otherwise indicated as business use, the vehicles listed herein are for personal use.
NOTE — It is a misdemeanor for any person willfully to subscribe a return which he does not believe to be true and correct as to every material matter (Code
of Virginia §58.1-11).
(Signature of Taxpayer)
(Date)
(Taxpayer’s Phone Number)
Executors, administrators, trustees and other fiduciaries must also supply information called for on this return.

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