Form Stc 12:32i - Industrial Business Property Return Page 3
Download a blank fillable Form Stc 12:32i - Industrial Business Property Return in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Stc 12:32i - Industrial Business Property Return with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4PROPERTY INFORMATION
INVENTORY, MATERIALS, FINISHED GOODS, CONSIGNED INVENTORY, SUPPLIES
SCHEDULE B (PP13 or PP17)
DESCRIPTION
ADDRESS OF CONSIGNORS OR FURTHER DESCRIPTION
ACQUISITION COST
OWNER'S VALUE
TAX DEPT USE
RAW MATERIALS
GOODS IN PROCESS
FINISHED GOODS
INVENTORIES CONSIGNED TO YOU
REPAIR PARTS HELD FOR OWNER'S USE
SUPPLIES
TOTALS
0
0
The Warehouse Freeport Tax Amendment of 1986 provided that, "Personal property which is moving in interstate commerce through or over the State of West Virginia, or which was consigned to a warehouse,
public or private, within the State from outside the State for storage in transit to a final destination outside the Sate, whether specified when transportation begins or afterward, shall be exempt from ad valorem
taxation. Provided, that property deprived of such exemption if a new or a different product is created. Personal property of inventories of natural resources shall not be exempt from ad valorem taxation
unless required by paramount federal law. Such exemption shall not apply to inventories of natural resources held for the manufacturing and sale of energy." If you have reported assets on
"Schedule B" which you believe are exempt under the Freeport Amendment, enter the dollar value of the assets at 100% of acquisition cost.
Acquisition Cost: $________________________
Owner's Value $___________________________
Tax Dept. Use ______________
MACHINERY & TOOLS IN PROCESS OF INSTALLATION
SCHEDULE C (PP13 or PP17)
Machinery or tools purchased but not yet installed are reported here
DESCRIPTION OF PROPERTY
ACQUISITION COST
OWNER'S VALUE
TAX DEPT USE
MACHINERY IN PROCESS OF INSTALLATION OR CONSTRUCTION
TOOLS IN PROCESS OF INSTALLATION OR CONSTRUCTION
OTHER PERSONAL PROPERTY
SCHEDULE D (PP13 or PP17)
All other property not reported on other schedules of this return should be listed here. Other personal property may include business libraries, reference books, storage buildings,
furniture & fixtures in process, etc. If you need additional space, please attach a list with acquisition date, acquisition cost, & owner's value.
DESCRIPTION OF PROPERTY
ACQUISITION COST
OWNER'S VALUE
TAX DEPT USE
STORAGE BUILDINGS
FURNITURE & FIXTURES IN PROCESS OF CONSTRUCTION
OTHER PERSONAL PROPERTY - DESCRIBE
INCOMPLETE CONSTRUCTION
SCHEDULE E (PP13 or PP17)
Material costs for the buildings, additions, or improvements which are incomplete and hence have not been assessed as real property must be reported here. A rider must be
attached to this statement showing the address of such buildings by year of construction.
DESCRIPTION OF PROPERTY
ACQUISITION COST
OWNER'S VALUE
TAX DEPT USE
BUILDINGS, ADDITIONS OR IMPROVEMENTS NOT FINISHED AT MATERIAL COST
SALVAGE VALUE MACHINERY AND EQUIPMENT
SCHEDULE F (PP13 or PP17)
This is machinery & equipment which has been fully depreciated and is no longer used as part of a production process. Do not report these items on "Schedule A". If you need
additional space, please attach a list with acquisition date, acquisition cost and owner's value.
DESCRIPTION OF PROPERTY
ACQUISITION COST
OWNER'S VALUE
TAX DEPT USE
ACQUISITION DATE
POLLUTION CONTROL FACILITIES
SCHEDULE G (PP13 or PP17)
If required, provide additional copies for each location. List all pollution control facilities installed after July 1, 1973 and approved by either the Office of Water Resources or the
Office of Air Quality, both of the Division of Environmental Protection, as a pollution control facility. If the pollution control facility is not on the preapproved pollution equipment list, a
letter from either the Office of Water Resources or the Office of Air Quality, as the case may be, must accompany this form.
LOCATION OF PROPERTY
PERMIT #
DESCRIPTION OF PROPERTY
YEAR INSTALLED
ACQUISITION COST
TAX DEPT USE
MOLDS, JIGS, DIES, FORMS, PATTERNS, TEMPLATES
SCHEDULE H (PP13 or PP17)
Complete the molds, jigs, dies, forms, patterns and templates worksheet supplied with the return and transfer the total acquisition cost and total owner's value from the worksheet to
the schedule below.
TOTAL ACQUISITION
DESCRIPTION OF PROPERTY
OWNER'S VALUE
TAX DEPT USE
COST
1. Specialized Manufacturing Production Property
2. Specialized Non-Manufacturing Property
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial