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BUSINESS, CONSUMER SERVICES, AND HOUSING AGENCY GOVERNOR EDMUND G. BROWN JR. Physical Therapy Board of California 2005 Evergreen St. Suite 1350, Sacramento, California 95815 Phone: (916) 561-8200
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PTBC stands for Personal Property Tax Business Closure. It is a form that needs to be filed when a business is permanently closing.
Any business that is permanently closing is required to file PTBC.
PTBC can be filled out online on the relevant government website or in person at the local tax office.
The purpose of PTBC is to inform the government that a business is closing permanently and to settle any outstanding tax liabilities.
PTBC requires information such as the business name, address, contact information, date of closure, and details of any remaining assets.
The deadline to file PTBC in 2023 is typically the same as the business closure date, but it is recommended to check with the local tax office for specific deadlines.
The penalty for late filing of PTBC can vary depending on the jurisdiction, but it may include fines or additional taxes.
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