The Tangible Personal Property Tax Return PERSONAL PROPERTY SCHEDULE DETAILED LIST:
A Step-By-Step Direction Guide Step 5: Think of the rest of the form as one section in which all fixed assets will be
listed. Please list the fixed assets by category, and sort them by the year
What do I do with this form? acquired. The categories are listed on the front of the form. They are located
The front of the form contains the complete address, specific information about your under the Personal Property Summary section, lines 8 – 19. If you need more
business and your summary report. space, write “SEE ATTACHED,” and attach a detailed list to this report.
Step 1. Complete items 1-7 for your business. The form is
divided to allow
on a separate
There are three
NOTE: Verify that item 2 is the actual PHYSICAL ADDRESS of the business and NOT in the
a post office box. line number.
The back of the form (Page 2) contains the actual Schedules
Step 6: The front of the form contains the PERSONAL PROPERTY SUMMARY.
Step 2: On the TOP of the page, TYPE OR PRINT the name of the business, the DBA (Doing Summary totals will be entered in this section from the TANGIBLE
Business As) name specifically. Write this across the top with the account number. PERSONAL PROPERTY TAX SCHEDULE details on Page 2.
The 7-digit account number is located below the mailing address on the front page.
NAME OF BUSINESS_____________________________________ACCOUNT NUMBER_________________________________YEAR________
Step 3: Please list any items that were physically removed from the business during the
last year, prior to January 1 of the current year. Follow the DISPOSITION
INFORMATION DIRECTIONS located to the right.
LEASED, LOANED AND RENTED EQUIPMENT
Step 4: In this section, list any items that are not owned by the business. This would
include items that you lease, rent or borrowed that are not actually fixed assets
of the business. If it is a new lease, please attach a copy of the lease agreement.
LEASED, LOANED AND RENTED EQUIPMENT (Please complete if you hold equipment belonging to others)
YEAR YEAR OF RENT RETAIL INSTALLED
Step 7: Transfer all totals from Page 2 or any attachments to the Summaries section
NAME AND ADDRESS OF OWNER OR LESSOR
Dynamic Bus. Systems
on Page 1.
5100 W. Cypress St., Tampa, FL 33607 Step 8: Sign and Date the Form. Make a copy for your files, and mail the original in
Pitney Bowes Postage Meter 1998 1998 317.79 1,500.00
27 Waterview Dr., P.O. Box 5151
the envelope provided. Note: Envelope provided contains precoded
Shelton, CT 06484-7151 information - do not use for other purposes.
TANGIBLE PERSONAL PROPERTY TAX RETURN Line 16 - Leasehold Improvements:
GENERAL INSTRUCTIONS If improvements have been made (including modifications and additions) to property which
you lease, list the original installed cost, and description of these improvements.
Complete this Personal Property Tax Return in accordance with these instructions, as your Improvements must be grouped by type and year of installation. Leasehold improvements
declaration of personal property situated in Pinellas County. If any schedule has insufficient include Paneling, Shelving, Cabinets, etc.
space, attach a separate sheet. Please print or type except for signature.
IMPORTANT: ATTACH ITEMIZED LIST OR DEPRECIATION SCHEDULE SHOWING
WHAT TO REPORT ON THIS RETURN: INVENTORY OF INDIVIDUAL IMPROVEMENTS AS LISTED IN SUBSIDIARY LEDGER.
1. Tangible Personal Property - include all goods, and other articles of value as defined in Line 17: Equipment Owned by You but Rented, Leased or Held by Others:
Florida Statute 192.001 - to include all fixed assets of a business.
If you own equipment that is out on a loan, rental or lease basis to others, report it on the
2. Items of inventory held for lease to customers in the ordinary course of business, rather appropriate schedule and enter the totals on line 17.
than for sale, shall be deemed inventory only prior to the initial lease of such items and
MUST be reported after their initial lease or rental as equipment and/or fixtures. Line 18: Supplies:
3. ALL FULLY DEPRECIATED ITEMS MUST BE REPORTED AT ORIGINAL Enter the monthly average cost of supplies including expensed supplies such as stationary and
INSTALLED COST WHETHER WRITTEN OFF OR NOT. janitorial supplies, linens, silverware, etc. that may not have been recorded separately on your
books. Include items that you carry in an inventory account but DO NOT come within the
DO NOT INCLUDE ON THIS RETURN: definition of “inventory” subject to exemption.
1. Intangible Personal Property - that is, money, all evidences of debt owed to the taxpayer, Line 19: I.R.S. Code Section 179 Assets:
all evidence of ownership in a corporation, etc.
A taxpayer may elect to treat the cost of any section 179 property as an expense which is not
2. Automobiles, Trucks, and other Licensed Vehicles - These are not taxable as personal chargeable to capital account, however, ALL 179 property must be reported.
property (EXCEPTION: Certain vehicles, and the equipment on them, are taxable as
personal property and must be reported. Example - truck cranes, air compressors, and other INFORMATION REGARDING THE TAX LAWS OF FLORIDA:
equipment designed as a tool - class 94 vehicle, rather than primarily as a hauling vehicle.)
§192.042, Florida Statutes - DATE OF ASSESSMENT - Tangible Personal Property as
3. Real Property of January 1.
4. Inventory- Those assets consisting of items commonly referred to as goods, wares and §193.062, Florida Statutes - DATES FOR FILING RETURNS - Tangible Personal
merchandise that are held for sale or lease to customers in the ordinary course of business. Property on April 1.
COST BASIS OF PERSONAL PROPERTY: §193.072, Florida Statutes - PENALTIES - For failure to file a return, 25% of the total tax
levied against the property for each year that no return is filed; for filing after
All property located in Pinellas County as of January 1st must be reported at 100% of the the due date, 5% of the total tax levied against the property covered by the
original installed cost including transportation, handling installation charges, and sales tax. return for each year, for each month, or portion thereof, that a return is filed
Report the total acquisition costs of new installed assets. after the due date, but not to exceed 25% of the total tax; for unlisted property,
Add back investment credits, taken for federal income tax purposes if those were deducted 15% of the tax attributed to the omitted property.
from the ORIGINAL cost. INCLUDE ALL FULLY DEPRECIATED ITEMS AT §196.011, Florida Statutes - ANNUAL APPLICATION REQUIRED FOR EXEMPTION
ORIGINAL INSTALLED COST, WHETHER WRITTEN OFF OR NOT.
Every person or organization who, on January 1, has the legal title to real or
The figure entered as “original installed cost” must include the total cost of equipment, before personal property, except inventory, which is entitled by law to exemption from
any allowances for depreciation. Include freight-in handling, installation costs, and sales tax. taxation as a result of its ownership and use shall, on or before March 1 of each
If a trade-in was deducted from the invoice price, enter the original invoice price. year, file an application for exemption with the county property appraiser,
ADJUSTMENTS TO VALUES - TAXPAYER’S ESTIMATE OF listing and describing the property for which exemption is claimed and
FAIR MARKET VALUE: certifying its ownership and use.
Enter only UNADJUSTED figures in areas requesting ORIGINAL Installed Cost. However, §196.021, Florida Statutes -TAX RETURNS TO SHOW ALL EXEMPTIONS AND
Florida law provides that the taxpayer shall also provide an estimate of the current fair market CLAIMS - It is the duty of the taxpayer to set forth any legal exemption from
value of the property. An adjustment is a variation from purchase price paid. Adjusted taxation to which he may be entitled. The failure to do so shall result in any
figures MUST be explained on an attached supplemental schedule. Such schedules are such exemption being disallowed for that tax year.
considered part of the return. §837.06, Florida Statutes - FALSE OFFICIAL STATEMENTS - Whoever knowingly
LOCATION OF PERSONAL PROPERTY: makes a false statement in writing with the intent to mislead a public servant in
the performance of his official duty shall be guilty of a misdemeanor in the
A separate personal property return must be filed for each individual location owned by a second degree, punishable as provided in §775.082, §775.083, or §775.084.
business, listing all locations. Additional forms will be mailed on request: Contact the
Pinellas County Property Appraiser’s office at (727) 464-8484.
ELECTRONIC FILING INSTRUCTIONS:
Owners of vending machines, LP/Propane tanks and similar property at many locations may
submit a single schedule in lieu of individual property statements. Jim Smith, the Pinellas County Property Appraiser, is pleased to continue Electronic Filing for
SPECIFIC INSTRUCTIONS For Page 2 your Tangible Personal Property Tax (TPP) Return. All you need is a computer, an
(line by line) e-mail account, an internet connection and an approved Form 599 on file to take advantage
of the simple, easy-to-use filing process. Form 599 can be found at the website below.
In the appropriate schedule sections provided on page 2, list the original installed cost for
assets of your business. Assets in each schedule must be grouped by year of acquisition. Benefits of filing electronically include:
• Simple - Only one paper form to complete per TPP account.
List each item of tangible personal property separately in the appropriate schedule except for
“classes” of personal property. A class is defined as items which are SUBSTANTIALLY • Easy - Your tax return is completed and filed on-line.
similar in function, use, and age. Do not use the terms “VARIOUS,” or “SAME AS LAST • Convenient - All forms are always available on-line.
YEAR.” This is inadequate reporting subjecting you to penalties for FAILURE TO FILE.
• Accessible - You can access your filed tax return anytime via the internet
List all items of furniture and fixtures, all machinery and equipment, and all supplies. All through your own Taxpayer Security Code.
expensed items must be entered at original installed cost.
• Secure - All data is transmitted over secured lines and protected by unique
For each item, report your estimate of the current fair market value of the property, and your security codes.
estimate of the condition of that item (Good, Average, Poor). Please visit our website at https://www.pcpao.org to see how easy electronic filing can be.
Line 13 - Hotel, Motel and Apartments: If you have any questions, give us a call at (727) 464-8484.
A current economic schedule and instruction forms are available at the above website.
List all rental contents, i.e., furniture, appliances and equipment used in rental or other