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

Form Stc 12:32c - Commercial Business Property Return Page 2

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PROPERTY INFORMATION

SCHEDULE A

MACHINERY, EQUIPMENT, FURNITURE AND LEASEHOLD IMPROVEMENTS

(PP13 or PP17)

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 percent 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 part of a production process should be reported in “Schedule

IF LEASEHOLD

G.” Property which is intended for rent or lease must be reported at 100 percent of acquisition cost regardless of period of rent.

IMPROVEMENTS ARE REPORTED, PLEASE INCLUDE A BRIEF DESCRIPTION OF THE ITEMS TO ASSURE THEY

ARE NOT VALUED AS PART OF THE REAL PROPERTY

YEAR

MACHINERY & EQUIPMENT

FURNITURE & FIXTURES

PURCHASED

ACQUISITION

OWNER’S

ASSESSOR’S

ACQUISITION

OWNER’S

ASSESSOR’S

COST

VALUE

USE

COST

VALUE

USE

CURRENT YR. 20

PREVIOUS YR. 20

2001 AND PRIOR

TOTALS

LEASEHOLD IMPROVEMENTS

COMPUTER EQUIPMENT

YEAR

PURCHASED

ACQUISITION

OWNER’S

ASSESSOR’S

ACQUISITION

OWNER’S

ASSESSOR’S

COST

VALUE

USE

COST

VALUE

USE

CURRENT YR. 20

PREVIOUS YR. 20

2000 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 or 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 receive salvage valuation treatment

the high-technology business activity or Internet advertising business activity of the company must be the primary business

activity and not a secondary or incidental activity of the company.

Acquisition Cost: $____________________

Owner’s Value: $____________________

Assessor’s Use: ___________________

Form Stc 12:32c - Commercial Business Property Return Page 2

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