Form Fp-31 - District Of Columbia (Dc) Personal Property Tax (Page 2 of 24) in pdf

General Instructions for FP-31

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Who must ﬁ le a FP-31?

Generally, every individual, corporation, partnership, executor,

see Publication FR-399, Qualiﬁ ed High Technology

Companies. FR-399 includes information on ﬁ ling

administrator, guardian, receiver, trustee (every entity) that

owns or holds personal property in trust must ﬁ le a District of

QHTC claims for a refund of personal property tax and

Columbia (DC) personal property tax return, Form FP-31. This

the schedules to use for exempt QHTC property. (For

includes entities located in the District and those that, by legal

additional information, visit our web site:

deﬁ nition, are located in the District. This includes property:

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used or available for use in DC in a trade or business,

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You are a qualiﬁ ed supermarket under DC Ofﬁ cial

whether or not operated for proﬁ t; and

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Codes 473801(2), and have otherwise been subject

kept in storage, held for rent or lease or similar

to personal property tax for less than 10 years.

business arrangement with third parties, government

agencies or non-proﬁ t entities.

Simpliﬁ ed ﬁ ling for those with remaining

cost of $225,000 or less

NOTE: By deﬁ nition, you are engaged in a trade or business if

you are carrying on the affairs of a trade, business, profession,

vocation, rental of property, or any other activity, whether or not

To determine if your personal property remaining cost

operated for proﬁ t or livelihood. Construction companies doing

(current value) is $225,000 or less, do the following:

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business in DC at any time during the tax year must apportion

Complete page 1 of the Form FP-31, except for “Fill in

the remaining cost (current value) of tangible personal property

if remaining cost is $225,000 or less” oval;

as of July 1, 2012, by the number of days their tangible personal

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property was physically located in the District.

Complete page 2 of Form FP-31, lines 1-8;

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Who is exempt from paying Personal

Complete Schedule A on page 3 even if remaining cost

is $225,000 or less;

Property Tax?

You are exempt from paying if:

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Complete page 1 of the Form FP-31, shading the oval

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Your remaining cost (current value) is $225,000 or

for “Fill in if remaining cost is $225,000 or less” oval;

less;

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Sign the return; and

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You are a non-proﬁ t organization.

If the tangible

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personal property of an Internal Revenue code (IRC)

Send the return to the OTR.

§501(c)(3) organization has received a certiﬁ cate of

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exemption from the DC Ofﬁ ce of Tax and Revenue

(OTR), it is exempt from the personal property tax.

Which other DC personal property tax

forms may be ﬁ led?

Note: Any personal property used for activities that

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Railroad Tangible Personal Property Return,

generate unrelated business income subject to tax under

Form FP-32;

IRC §511 is not exempt from the personal property tax.

If you are an IRC §501(c) (3) organization and would like

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Railroad Company Report, Form FP-33; and

a DC application for exemption (form FR-164), please

visit our website at or

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Rolling Stock Tax Return, Form FP-34

call (202) 442-6546.

When are your taxes due?

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You pay DC Gross Receipts Tax, Distribution Tax, Toll

You must ﬁ le your return (FP-31, FP-31P or FP-129A) by July

Telecommunication Service Tax or Commercial Mobile

31, 2012.

Service Tax.

Please ﬁ le the original signed return(s). Do not send a

photocopy.

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You are a Qualiﬁ ed High Technology (QHTC). A QHTC

is exempt from personal property tax for ten years from

How to ﬁ le your return

the date of purchase for qualiﬁ ed tangible personal

property purchased after December 31, 2000. See

By mail

the instructions on pages 7 for a description of eligible

Send the FP-31, FP-31P or FP-129A to:

property. Qualiﬁ ed personal property leased to a QHTC

Ofﬁ ce of Tax and Revenue

is also exempt from personal property tax for a period

PO Box 7862

not to exceed ten years. A QHTC claiming exemption

Washington, DC 20044-7862

from personal property tax must attach Form QHTC-

CERT to Form FP-31.

For additional information,

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Form Fp-31 - District Of Columbia (Dc) Personal Property Tax Page 2

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