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Reset Form BUSINESS TANGIBLE PERSONAL PROPERTY ASSESSMENT RETURN MARCH 1, 2014, FORM 103 — LONG State Form 11405 (R35 / 2-14) For Assessor's Use Only Prescribed by the Department of Local Government
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Business tangible personal property includes physical assets used in a business that can be touched or felt.
Businesses that own tangible personal property used in their operations are required to file business tangible personal property.
To fill out business tangible personal property, businesses need to list all tangible assets they own and their corresponding values.
The purpose of business tangible personal property is to assess and tax the value of tangible assets owned by businesses.
Businesses must report information such as description of assets, acquisition cost, and current value on business tangible personal property.
The deadline to file business tangible personal property in 2023 is usually on April 1st, but it may vary by jurisdiction.
The penalty for late filing of business tangible personal property varies by jurisdiction but may include fines or interest charges on unpaid taxes.
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