Fillable Form Stc 12:32c - Commercial Business Property Return (Page 3 of 4) in pdf

PROPERTY INFORMATION

SCHEDULE B

INVENTORY, CONSIGNED INVENTORY, PARTS, SUPPLIES

(PP13 or PP17)

Taxpayer is to report all consigned goods, all inventory and merchandise, including parts, for resale; and all supplies and parts held for owner’s use, in

warehouse or in storage. Dealers of new and used motor vehicles, motorcycles, RV’s, trailers, motor boats, mobile homes and manufactured homes are to

complete and attach the Vehicle Dealers Inventory Worksheet in lieu of Schedule B. Daily passenger rental car inventory companies should complete and

attach the Rental Car Inventory Worksheet in lieu of Schedule B.

DESCRIPTION

ADDRESS OF CONSIGNORS OR FURTHER

ACQUISITION

OWNER’S

ASSESSOR’S

DESCRIPTION

COST

VALUE

USE

COST OF INVENTORY AS OF JULY 1

INVENTORIES CONSIGNED TO YOU

PARTS HELD FOR OWNER’S USE

SUPPLIES HELD FOR OWNER’S USE

TOTALS

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 State, whether specified when transportation begins or afterward, shall be exempt from ad valorem taxation. Provided, that property shall be

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 percent of acquisition cost.

Acquisition Cost $____________________________ Owner’s Value $__________________________ Assessor’s Use _________________________

SCHEDULE C

MACHINERY & TOOLS IN PROCESS OF INSTALLATION

(PP13 or PP17)

Machinery or tools purchased but not yet installed are reported here.

DESCRIPTION OF PROPERTY

ACQUISITION

OWNER’S

ASSESSOR’S

COST

VALUE

USE

MACHINERY IN PROCESS OF INSTALLATION OR CONSTRUCTION

TOOLS IN PROCESS OF INSTALLATION OR CONSTRUCTION

SCHEDULE D

OTHER PERSONAL PROPERTY

(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 and fixtures in process, household goods leased out for gain, etc. If you need additional space, please attach a list with

acquisition date, acquisition cost and owner’s value. For oil and natural gas drilling rigs please complete the supplemental schedule.

DESCRIPTION OF PROPERTY

ACQUISITION

OWNER’S

ASSESSOR’S

DATE

COST

VALUE

USE

STORAGE BUILDINGS

FURNITURE & FIXTURES IN PROCESS OF CONSTRUCTION

OIL & NATURAL GAS DRILLING RIGS

OTHER PERSONAL PROPERTY – DESCRIBE

TOTALS

SCHEDULE E

VEHICLES (PP16), TRAILERS, BOATS, AIRCRAFT (PP13 or PP17) & MOBILE HOMES (CA12, CA24 & PP13)

(Provide Additional Copies for Each Location)

Property Location: ____________________________________________________________________________________________________

Street Address

City

Zip Code

(List only those properties that are titled in the name of the business as shown on Page 1. Property you are leasing must be reported on Page 1 in section

titled Report of Property You Lease from Others. Properties disposed of after July 1 are taxable for the year and must be listed below. ) If needed,

attach additional sheets. If vehicles are assigned to company employees or officers, then provide name and address. Vehicle Identification Numbers can

be found on the registration card. List all vehicles such as boats, boat trailers, motorized golf carts, mobile campers, truck mounted campers, motorcycles,

motor scooters, utility trailers, recreational vehicles, all terrain vehicles (ATV’s), travel trailers, snowmobiles, aircraft, or personal watercraft (jet skis).

Include trailers used in Interstate Commerce. DO NOT INCLUDE VEHICLES WITH APPORTIONED PLATES.

TYPE

MAKE

MODEL YEAR

MOBILE HOME DIMENSIONS OR

TRUCK GROSS ACQ.

ACQ.

OWNER’S ASSESSOR’S

VEHICLE ID NUMBER

VEHICLE WGT DATE

COST

VALUE

USE

West Virginia Code Chapter 11, Article 6H provides that the value of special aircraft property shall be its salvage value. Special aircraft property is

defined to be “all aircraft owned or leased by commercial airlines or private carriers.” Private carrier means “any firm, partnership, joint venture, joint

stock company, any public or private corporation, cooperative, trust, business trust or any other group or combination acting as a unit that is engaged in a

primary business other than commercial air transportation that operates an aircraft for the transportation of employees or others for business purposes.” If

you have reported aircraft on “Schedule E” which you believe to be special aircraft property, enter the dollar value of the aircraft at 100 percent of

acquisition cost.

Acquisition Cost $__________________________ Owner’s Value $__________________________ Assessor’s Use __________________________

NUMBER OF SHEEP AND GOATS OF BREEDING AGE:

Sheep _______ (number)

Goats ________ (number)

Please include a $1.00 fee for each head with this completed form.