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CONSOLIDATED RETURN (Business Tangible Personal Property) FORM 103C State Form 44972 (R11 / 1201) Prescribed by the Department of Local Government Finance INSTRUCTIONS: March 1, 2002, For assessor's
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01
Gather all the necessary information about your business assets.
02
Determine the taxable value of your tangible personal property.
03
Fill out the business tangible personal property form accurately and completely.
04
Include all relevant details about each item of property, such as its description, acquisition date, original cost, and current value.
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Submit the completed form to the relevant tax authority by the specified deadline.

Who needs business tangible personal property?

01
Business owners or entities that own tangible personal property used for business purposes.
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Individuals or companies that reach the minimum threshold set by the tax authority for reporting business tangible personal property.
03
Organizations subject to tangible personal property tax laws in their jurisdiction.
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Business tangible personal property includes physical assets used in a business such as machinery, equipment, furniture, and inventory.
Business owners or individuals who own tangible personal property used in a business are required to file business tangible personal property.
To fill out business tangible personal property, individuals need to list the details of their tangible assets including descriptions, quantities, and values.
The purpose of business tangible personal property is to assess the value of tangible assets owned by a business for taxation purposes.
Information such as descriptions, quantities, and values of tangible assets must be reported on business tangible personal property.
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