2023 BUSINESS & PROFESSIONAL REPORTING FOR TANGIBLE PERSONAL PROPERTY TELEPHONE NUMBERS (434) 432-7940 Robin Coles-Goard (434) 656-6211 TE MAY 1, Commissioner of the Revenue DUE DATE FEBRUARY 15TH 20042004 FAX (434) 432-7957 Pittsylvania County PO Box 272 Account Number: __________ Chatham, VA 24531 (SSN or Fed ID): _____________ Failure to file by deadline will result in penalty 10% or $10.00 whichever is greater. LEGAL BUSINESS NAME: (If different from above) _______________________________________________________________________(SSN or Fed ID) LOCATION ADDRESS: (If different from mailing address) ___________________________________________________________ HEAVY CONSTRUCTION MACHINERY SEE NOTICE ON REVERSE SIDE REGARDING FARM TRACTORS. (List all property with purchase date, description & cost. If any of this property has been sold, show the date sold and disposal amount; then attach sheet giving the new owners name & address.) If you use any heavy construction equipment which is located in another city or county, please indicate which on an attached sheet. Note: Farm Tractors used in other businesses are no longer required to be reported as business tangible property. Date DISPOSAL ASSESSED VALUE (OFFICE MODEL & DESCRIPTION ORIGINAL COST DISPOSAL DATE Acquired AMOUNT USE ONLY) BUSINESS FURNITURE OFFICE EQUIPMENT TOOLS SEE NOTICE ON REVERSE SIDE REGARDING FARM TRACTORS (Show total cost below of all furniture, office equipment and tools purchased in each year; then attach a detailed listing [such as a depreciation schedule] of all such property along with the date and cost of purchase.) If any of this property has been disposed of, show the original cost of such equipment in the disposal column beside the purchase year; then attach sheet explaining the disposal and give the new owners name & address if it was sold.) Purchase Year Cost Percentage DISPOSALS ASSESSED VALUE (before any disposals) (list in year of purchase) (Office Use Only) 2022 27.5% 2021 25.0% 2020 23.5% 2019 20.0% 2018 17.5% 2017 15.0% 2016 13.5% 2015 10.0% 2014 7.5% 2013 & Prior 5.0% MERCHANTS CAPITAL (To be reported if the taxpayer is a merchant) Merchants should enter the cost figure of their “Inventory of Stock on Hand” for January 1st of this year. Generally, this should equal the ending inventory shown in the “Cost of Goods Sold” section of their prior year’s Federal income tax return. The Commissioner shall compute the assessment amount on the back of this form. INVENTORY OF STOCK ON HAND ________________ ALL OTHER BUSINESS PROPERTY (Leased Property and any other property not defined on this side – SEE REVERSE SIDE) FAILURE TO FILE THIS RETURN WILL RESULT IN A STATUTORY ASSESSMENT & PENALTY |
ALL OTHER BUSINESS PROPERTY (Report below all other property not included on the front side) (If you are reporting as the lessor of property, attach a schedule identifying the lessee, type of property, original cost and date acquired.) (If you are reporting as the lessee of property, attach a schedule identifying the lessor, type of property, original cost and date acquired.) DATE DESCRIPTION OF ORIGINAL COST DISPOSAL DATE DISPOSAL ASSESSED VALUE ACQUIRED PROPERTY AMOUNT (OFFICE USE ONLY) DECLARATION: I declare that the statements and Signature____________________________________________ figures submitted above are true, full, and correct to the best of my Printed knowledge and belief. Name_______________________________________________ Title __________________________________Date______________ Telephone number _________________________________ NOTICE REGARDING FARM TRACTORS: Pursuant to Pittsylvania County Code SEC. 6-3.1 LOCAL COUNTY TAX EXEMPTION, The Pittsylvania County Board of Supervisors discontinued this taxation effective January 1, 2020. If you have reported tractors in the past and can establish the cost of the tractor as a reported asset, you may show it as a disposal item in the disposal column beside the year it was previously reported. ASSESSMENT COMPUTATION OF MERCHANT’S CAPITAL - FOR OFFICE USE ONLY: INVENTORY OF STOCK ON HAND FROM $ Percentage ASSESSED VALUE FRONT PAGE (Office Use Only) $1 - $1,000,000 $ 30% $ $1,000,001 - $5,000,000 $ 10% $ $5,000,001 - Unlimited $ 5% $ TOTAL $ FAILURE TO FILE THIS RETURN WILL RESULT IN A STATUTORY ASSESSMENT & PENALTY |