Fillable Form Stc 12:32i - Industrial Business Property Return (Page 2 of 4) in pdf

PROPERTY INFORMATION

SCHEDULE A

MACHINERY, EQUIPMENT, FURNITURE AND LEASEHOLD IMPROVEMENTS

(PP 13 OR PP 17)

Enter all property owned with the acquisition cost by year installed. Begin with the current year and each previous year, as required. Acquisition cost, including the

cost of machinery, equipment, furniture and fixtures intended for rent or lease, is defined as 100% of the cost new as shown by books and records and is to include

freight, installation charges, trade-ins, federal tax allowances and credit. If equipment was purchased in one year and installed in the following year, the full cost is

reportable in the year installed. PROPERTY OWNED AND STILL IN USE BUT WHICH HAS BEEN FULLY DEPRECIATED OR WRITTEN OFF BUT STILL IN

POSSESSION BY THE TAXPAYER MUST BE REPORTED. Machinery and equipment which has been fully depreciated and is no longer in use as a part

of a production process should be reported in "Schedule F". Property which is intended for rent or lease must be reported at 100% of acquisition cost

regardless of period of rent. If leasehold improvements are reported, please include a brief description of the items to assure they are not valued as part

of the real property. All vehicles and rolling stock are to be reported in "Schedule I". This section must be completed in its entirety-simply attaching a

list will not be sufficient.

MACHINERY & EQUIPMENT

FURNITURE & FIXTURES

YEAR PURCHASED

ACQUISITION COST

OWNER'S VALUE

TAX DEPT USE

ACQUISITION COST

OWNER'S VALUE

TAX DEPT USE

CURRENT YEAR 20______

PREVIOUS YEAR 20______

PREVIOUS YEAR 19______

19_________ AND PRIOR

TOTALS

LEASEHOLD IMPROVEMENTS

COMPUTER EQUIPMENT

YEAR PURCHASED

ACQUISITION COST

OWNER'S VALUE

TAX DEPT USE

ACQUISITION COST

OWNER'S VALUE

TAX DEPT USE

CURRENT YEAR 20______

PREVIOUS YEAR 20______

PREVIOUS YEAR 19______

19_________ AND PRIOR

TOTALS

West Virginia Code Chapter 11, Article 6J provides that the value of servers and tangible personal property directly used in a high-technology field of an internet

advertising business shall be its salvage value. The terms "High-technology business" and "Internet advertising business" are defined in West Virginia Code §11-

15-9h. In order to be eligible to receive salvage valuation treatment, the primary business activity of the company must be High-technology or Internet advertising.

If you have reported equipment on "Schedule A" which you believe to qualify, please enter the dollar value of the property at 100% acquisition cost.

Acquisition Cost: $__________________________

Owner's Value $___________________________

Assessor's Use ________________