Enlarge image | OTC 901 State of Oklahoma Tax Year 2025 Business Personal Property Rendition Revised 11-2024 Return to County Assessor - Filing Date: January 1 - Delinquent Penalties after March 15 REPORT ONLY TANGIBLE ASSETS RE# PP# FEIN: ________________________________________________________ Phone Number Type of Business: _______________________________________________ Email Address North American Industry Classification System Owner/DBA Are other businesses included in this rendition? Yes No Mailing Address If yes, please list: _______________________________________________ Physical location if different from mailing address: City, State, ZIP PART ONE: START HERE ______________________________________________________________ Are you renting or leasing this business location? Yes No Are you still in business at this location? Yes No If Yes, do you own any real estate If No, current location? ____________________________________________________________ improvements at this location? Yes No If No, do you still own the business personal property? Yes No When did you start business at this location? Date _____/_____/_____ If No, date disposed/sold: ______/______/______ If sold, buyer name: __________________________________________________________ What is the occupied square footage at this location? _______________ Buyer address: ______________________________________________________________ If disposed or sold, stop here. Sign and return. PART TWO: OKLAHOMA TAXABLE FIXED ASSETS, FROM FORM 904 SCHEDULE 3 OR 3-A Beginning Total Additions to Total Deletions to Total Ending Total Description Original Cost Original Cost Original Cost Original Cost Assessor Use Not Book Value Not Book Value Not Book Value Not Book Value Reconciled Assessed Value Leasehold Improvements Original Cost Furniture and Fixtures Original Cost Electronic Equipment Original Cost Computer Equipment Original Cost Machinery and Equipment Original Cost Forklifts and Construction Original Cost Tooling, Dies and Molds Original Cost Other Assets and Trade Tools Original Cost Leased to Others Original Cost ( See★Instructions) ➔ Column Totals ➔ Total Total Leased from Others ➔ A) Total Fixed Assets ➔ Original Cost ( See★Instructions) PART THREE: OKLAHOMA TAXABLE INVENTORY Inventories: Total supplies, parts, equipment, Average Inventory (From Part 6) ................ Net Inventory etc. stored and/or not currently in use including raw Total Assessed materials, work in progress, finished goods, etc. Less Freeport Exemption (Form 901-F) – Consignment and/or Floorplan Inventory – Penalty Total Net B) Net Taxable Inventory = Date Filed C) Grand Total (add A+ ) B = _____ / _____ / _____ State of Oklahoma For Taxpayer (*See instructions) Fair Cash Value (Market): $ Assessment % School District County of ________________________________________ I, _________________________________________________________________________ under penalties of perjury, do hereby depose and say that I am _____________________________________________ of _______________________________________________________________ company; that as such I am acquainted with the books, accounts, and affairs of said company and know the accompanying statement to be true, correct, and complete and that all information requested herein has been fully and correctly given to the best of my knowledge. (68 OS Sec. 2945 provides penalties for false oaths) Don’t Forget Signature of preparer if other than taxpayer Date Preparer’s address to Sign ✍ Signature of taxpayer Date Preparer’s identification number Preparer’s phone number |
Enlarge image | Form 901 Page 2 PART FOUR: ADDITIONS DURING THE REPORTING YEAR, OR SCHEDULE 3, OR 3-A Item Year Acquired Number Item Description New Used Total Original Cost TOTAL PART FIVE: DELETIONS DURING THE REPORTING YEAR Item Year Acquired Number Item Description New Used Total Original Cost TOTAL PART SIX: BEGINNING OR MONTHLY INVENTORY January February March April May June ▲ ▲ Average July August September October November December Machinery and Equipment Form 901 Instructions Items include auto repair, agricultural, bakeries, barber and beauty shops, cleaning and Who Must File laundry, fuel storage tanks, gas pumps, medical, restaurants, signs, theaters, etc. All All business concerns, corporations, partnerships and professionals are required equipment and machinery (forklifts, mobile yard cranes, drilling rigs, tools) are also by Oklahoma statutes to file each year a statement of taxable assets as of January included. Equipment installed on trucks or trailers after purchase must also be reported. 1, which are located within this county. This rendition must be signed by an owner, Do not list licensed vehicle such as autos, trucks, semitrailers, boats over 10 h.p., etc. partner, officer of the corporation or a bonafide agent. Forklifts and Construction Equipment Penalties Items include forklifts, back hoes, compactors, dozers, draglines, earth movers, graders, Failure to file by March 15th will subject the taxpayer to a mandatory penalty of ten (10) mobile cranes, rollers, trenchers, etc. percent, or a (20) percent penalty if not filed by April 15 (68 OS Sec. 2836(C). If received Tooling, Dies and Molds through the mail by this office, it must be postmarked no later than March 15. Postage Items include tooling, dies, punches, molds, patterns, jigs, etc. metered mail overstamped by the Post Office after March 15, will carry the mandatory Trade Tools and Equipment penalty. Include items used by carpenters, cement finishers, craftsmen, electricians, masons, Taxpayers Filing Form 901 in this County mechanics, repair services, roofers, etc. Attach a complete detailed listing of all TANGIBLE assets used in business, ★ Leased to Others grouped by description, year acquired and original cost, and items that have zero List lessee, address, asset type, original cost, and age of asset. Additional sheets may be book value, use reporting Asset Listing 904 Schedule 3 or 3-A, which is available attached if necessary. from the county assessor. Report ONLY TANGIBLE ASSETS. ★ Leased from Others North American Industry Classification System (NAICS) List lessor, address, asset type, age of asset, and beginning year of lease. Additional This is your six digit Federal Business Activity Code. sheets may be attached if necessary. Location of Property Inventories You must file a separate rendition for each location for assessment allocation to the Add your total monthly inventories. Then divide the sum by the number of months you various school districts. have inventory in this county for the year to determine your average inventory. Inventories Original Cost Values held for others or cosigned must be reported separately. Inventory claimed exempt must Report the original cost, including freight-in and installation costs. Do not deduct invest- be accompanied by a Freeport Exemption Form (901-F). Companies primarily engaged in ment credit, trade-in allowances or depreciation. If unknown, estimate the original cost. selling of lumber and other building material including cement and concrete except for Estimated costs will not be depreciated without supporting documents. home centers classified under Industry No. 444110 of the North American Industrial Year Acquired Classification Systems (NAICS) Manual, shall be assessed at the average inventory value This is the purchase date. Depreciation cannot be calculated unless the year acquired is on hand each January 1, and December 31, of the same calendar year. reported. If the Business is Sold, Closed or Name Changed Leasehold Improvements To avoid possible incorrect or duplicate assessments, taxpayers should provide informa- Report cost and detailed description of improvements to property owned by others. Do tion as follows: not report building expansions or repairs, rough plumbing or electrical service, which are • Business Sold: date of sale, name and address of new owner. included in real estate values. Report all other items such as partitions, new store fronts, etc. • Business Closed: date of closing or date all personal property was disposed, report location and value of any remaining property still owned on the assessing date, Furniture and Fixtures even if in storage. Items include office desks, chairs, credenzas, file cabinets, table booths, shelving display • Business Name Change: date of change and new name. cases, racks, gondolas, retail fixtures, hotel and motel furnishings, apartment appliances, Intangible Business Personal Property etc. If any intangible property is imbedded in the reported assets, the intangible property must be Electronic Equipment identified and valued to the county assessor with supporting documentation. Supplemental Items include calculators, copiers, drafting machines, blueprinting machines, fax Form 901-IP must be used for any submission. machines, postage machines, telephone equipment, typewriters, lunch room appliances, etc. Also, include electronic and computer controls used with machinery and equipment. ★ For Taxpayer: Use the space provided on page 1 for the taxpayer estimated fair cash Computer Equipment value of all property as defined by Oklahoma Law as being the price the property would bring Items include computer hardware, monitors, drives and other such hardware components, at a fair voluntary sale, as of January 1. See [68 OS Sec. 2802(19)]. custom software is exempt as an intangible. |