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West Virginia Free Printable  for 2024 West Virginia Industrial Business Property Return

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Industrial Business Property Return
Form STC-12:32-I

Reset Form Print STC 12:32I (Rev. 2020) For Internal Use STATE OF WEST VIRGINIA ____________ Tax Department NAICS Industrial Business Property Return THIS RETURN IS TO BE FILED AS SOON AS POSSIBLE AFTER JULY 1, BUT NO LATER THAN AUGUST 1. PLEASE RETURN TO: WEST VIRGINIA STATE TAX DEPARTMENT, APPRAISAL SERVICES UNIT, 1124 SMITH STREET, SUITE 2200, CHARLESTON, WV 25301 FILING LATE OR FAILING TO FILE MAY RESULT IN A $25 - $100 PENALTY The following is a complete and accurate report of all property owned by the undersigned at this location on July 1, __________ This is a business in the County of ______________________________; District of __________________________; Town/City of ________________________________ BASIC BUSINESS INFORMATION BUSINESS NAME AND MAILING ADDRESS AGENT OR PREPARER'S NAME AND ADDRESS NAME NAME ADDRESS ADDRESS CITY CITY STATE ZIP CODE PHONE ( ) STATE EXTENSION ZIP CODE PHONE ( PRIMARY OWNER NAME AND ADDRESS ) EXTENSION PERMIT # FOR SITE LOCATION: (IF DIFFERENT FROM MAILING ADDRESS) ADDITIONAL PERMIT #: NAME PHYSICAL LOCATION OF BUSINESS IN WEST VIRGINIA ADDRESS (IF DIFFERENT FROM MAILING ADDRESS) CITY ADDRESS STATE ZIP CODE PHONE ( ) ZIP CODE STATE CITY EMAIL: EXTENSION Return is to be filed by ALL Industrial Property owners. The law provides that every incorporated or unincorporated industrial property owner, foreign or domestic, liable to taxation shall make a report in writing to the State Tax Department. West Virginia Code § 11-1c-10 defines Industrial Property as real and personal property, integrated as a functioning unit intended for the assembling, processing and manufacturing of finished or partially finished goods. REPORT OF PROPERTY YOU LEASE FROM OTHERS This space is provided for the reporting of property "in charge of, but not owned by" the entity completing this form (as Agent, Bailee, Lessee, or other representative capacity) such as, but not limited to, leased machinery, business or data processing equipment, vending machines, etc. Indicate the name and address of owner, the property leased, the gross annual rent, and estimated value. Attach additional sheets if needed. NAME, ADDRESS & PHONE NUMBER TYPE OF GROSS ANNUAL ESTIMATED TAX DEPT OF PROPERTY OWNER PROPERTY RENT VALUE USE REAL ESTATE List Real Estate situated in this county as required. The value estimate is your opinion of market value as of July 1, this year. ITEM 1-DESCRIPTION SHOWN ON LAND SURFACE MINERAL IN QUANTITY OWNER'S OWNER'S TOTAL TAX BOOKS OR TAX STATEMENTS ONLY ONLY FEE IN ACRES VALUE LAND VALUE BLDG OWNER VALUE DEPT USE 0 0 0 ITEM 2-If you have added or deleted buildings (if deleted, identify as such) whereby the value of the real property has been altered by more than $1,000 since last return, describe the improvement or deletion and the location. Owner's value should reflect both material and labor. If work is in progress on July 1 of this year, then report it on Schedule E. DESCRIPTION OF IMPROVEMENT OR DELETION LOCATION OWNER'S VALUE TAX DEPT USE BUILDINGS ON LEASED LAND Buildings permanently fixed or intended for permanent fixture to land which is not owned by entity which owns the building(s). The lease must be a contract which transfers ALL or PART of the right to use of the land, exclusion and disposition from owner to tenant in exchange for a promise to pay rent. NAME AND ADDRESS OF LAND OWNER OWNER'S VALUE BUILDING TAX DEPT USE NOTE: Other leasehold improvements, to be reported on SCHEDULE A, are improvements and/or additions exclusive of buildings, to leased property which have been made by the lessee. PROPERTY INFORMATION SCHEDULE A MACHINERY, EQUIPMENT, FURNITURE AND LEASEHOLD IMPROVEMENTS Enter all property owned with the acquisition cost by year installed. Begin with the current year and each previous year, as required. Acquisition cost, including the cost of machinery, equipment, furniture and fixtures intended for rent or lease, is defined as 100% of the cost new as shown by books and records and is to include freight, installation charges, trade-ins, federal tax allowances and credit. If equipment was purchased in one year and installed in the following year, the full cost is reportable in the year installed. PROPERTY OWNED AND STILL IN USE BUT WHICH HAS BEEN FULLY DEPRECIATED OR WRITTEN OFF BUT STILL IN POSSESSION BY THE TAXPAYER MUST BE REPORTED. Machinery and equipment which has been fully depreciated and is no longer in use as a part of a production process should be reported in "Schedule F". Property which is intended for rent or lease must be reported at 100% of acquisition cost regardless of period of rent. If leasehold improvements are reported, please include a brief description of the items to assure they are not valued as part of the real property. All vehicles and rolling stock are to be reported in "Schedule I". This section must be completed in its entirety-simply attaching a list will not be sufficient. MACHINERY & EQUIPMENT YEAR PURCHASED ACQUISITION COST OWNER'S VALUE 0 0 FURNITURE & FIXTURES TAX DEPT USE ACQUISITION COST OWNER'S VALUE 0 0 TAX DEPT USE CURRENT YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PRIOR YEARS TOTALS LEASEHOLD IMPROVEMENTS YEAR PURCHASED ACQUISITION COST OWNER'S VALUE 0 0 COMPUTER EQUIPMENT TAX DEPT USE ACQUISITION COST OWNER'S VALUE 0 0 TAX DEPT USE CURRENT YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PREVIOUS YEAR 20______ PRIOR YEARS TOTALS West Virginia Code Chapter 11, Article 6J provides that the value of servers and tangible personal property directly used in a high-technology field of an internet advertising business shall be its salvage value. The terms "High-technology business" and "Internet advertising business" are defined in West Virginia Code §1115-9h. In order to be eligible to receive salvage valuation treatment, the primary business activity of the company must be High-technology or Internet advertising. If you have reported equipment on "Schedule A" which you believe to qualify, please enter the dollar value of the property at 100% acquisition cost. Acquisition Cost: $__________________________ Owner's Value $___________________________ Assessor's Use ________________ PROPERTY INFORMATION INVENTORY, MATERIALS, FINISHED GOODS, CONSIGNED INVENTORY, SUPPLIES SCHEDULE B DESCRIPTION ADDRESS OF CONSIGNORS OR FURTHER DESCRIPTION ACQUISITION COST OWNER'S VALUE TAX DEPT USE RAW MATERIALS GOODS IN PROCESS FINISHED GOODS INVENTORIES CONSIGNED TO YOU REPAIR PARTS HELD FOR OWNER'S USE SUPPLIES TOTALS 0 0 The Warehouse Freeport Tax Amendment of 1986 provided that, "Personal property which is moving in interstate commerce through or over the State of West Virginia, or which was consigned to a warehouse, public or private, within the State from outside the State for storage in transit to a final destination outside the Sate, whether specified when transportation begins or afterward, shall be exempt from ad valorem taxation. Provided, that property deprived of such exemption if a new or a different product is created. Personal property of inventories of natural resources shall not be exempt from ad valorem taxation unless required by paramount federal law. Such exemption shall not apply to inventories of natural resources held for the manufacturing and sale of energy." If you have reported assets on "Schedule B" which you believe are exempt under the Freeport Amendment, enter the dollar value of the assets at 100% of acquisition cost with detailed information. Note: Use FIFO method of valuing inventory. Acquisition Cost: $________________________ Owner's Value $___________________________ Tax Dept. Use ______________ MACHINERY & TOOLS IN PROCESS OF INSTALLATION SCHEDULE C Machinery or tools purchased but not yet installed are reported here DESCRIPTION OF PROPERTY ACQUISITION COST OWNER'S VALUE TAX DEPT USE MACHINERY IN PROCESS OF INSTALLATION OR CONSTRUCTION TOOLS IN PROCESS OF INSTALLATION OR CONSTRUCTION OTHER PERSONAL PROPERTY SCHEDULE D All other property not reported on other schedules of this return should be listed here. Other personal property may include business libraries, reference books, storage buildings, furniture & fixtures in process, etc. If you need additional space, please attach a list with acquisition date, acquisition cost, & owner's value. DESCRIPTION OF PROPERTY ACQUISITION COST OWNER'S VALUE TAX DEPT USE STORAGE BUILDINGS FURNITURE & FIXTURES IN PROCESS OF CONSTRUCTION OTHER PERSONAL PROPERTY - DESCRIBE INCOMPLETE CONSTRUCTION SCHEDULE E Material costs for the buildings, additions, or improvements which are incomplete and hence have not been assessed as real property must be reported here. A rider must be attached to this statement showing the address of such buildings by year of construction. DESCRIPTION OF PROPERTY ACQUISITION COST OWNER'S VALUE TAX DEPT USE BUILDINGS, ADDITIONS OR IMPROVEMENTS NOT FINISHED AT MATERIAL COST SALVAGE VALUE MACHINERY AND EQUIPMENT SCHEDULE F This is machinery & equipment which has been fully depreciated and is no longer used as part of a production process. Do not report these items on "Schedule A". If you need additional space, please attach a list with acquisition date, acquisition cost and owner's value. DESCRIPTION OF PROPERTY ACQUISITION DATE ACQUISITION COST OWNER'S VALUE TAX DEPT USE POLLUTION CONTROL FACILITIES SCHEDULE G If required, provide additional copies for each location. List all pollution control facilities installed after July 1, 1973 and approved by either the Office of Water Resources or the Office of Air Quality, both of the Division of Environmental Protection, as a pollution control facility. If the pollution control facility is not on the preapproved pollution equipment list, a letter from either the Office of Water Resources or the Office of Air Quality, as the case may be, must accompany this form. LOCATION OF PROPERTY PERMIT # DESCRIPTION OF PROPERTY YEAR INSTALLED ACQUISITION COST TAX DEPT USE MOLDS, JIGS, DIES, FORMS, PATTERNS, TEMPLATES SCHEDULE H Complete the molds, jigs, dies, forms, patterns and templates worksheet supplied with the return and transfer the total acquisition cost and total owner's value from the worksheet to the schedule below. DESCRIPTION OF PROPERTY 1. Specialized Manufacturing Production Property 2. Specialized Non-Manufacturing Property TOTAL ACQUISITION COST OWNER'S VALUE TAX DEPT USE PROPERTY INFORMATION VEHICLES, TRAILERS, BOATS, AIRCRAFT, MOBILE HOMES & ROLLING STOCK SCHEDULE I (Provide Additional Copies For Each Location) Property Location (Address, City, Zip Code): ____________________________________________________________________________________________ List only those properties licensed in the name of the business as shown on Page 1. Property you are leasing must be reported on Page 1 in the section titled REPORT OF PROPERTY YOU LEASE FROM OTHERS. Properties disposed of after July 1 are taxable for the year and must be listed below. If needed, attach additional sheets. If vehicles are assigned to company employees or officers, then provide name and address. Vehicle Identification Numbers (VIN) can be found on the Registration Card. (DO NOT REPORT TRUCKS/TRACTORS THAT HAVE APPORTIONED LICENSE PLATES ON THIS RETURN.) LICENSED PROPERTY MAKE MODEL YEAR VEHICLE IDENTIFICATION NUMBER (VIN) TRUCK GROSS VEHICLE WEIGHT ACQ. DATE ACQ. COST OWNER'S VALUE TAX DEPT. USE NON-LICENSED PROPERTY MAKE MODEL YEAR MOBILE HOME DIMENSIONS, VIN OR AIRCRAFT TRUCK GROSS VEHICLE WEIGHT ACQ. DATE ACQ. COST OWNER'S VALUE TAX DEPT. USE ROLLING STOCK MAKE MODEL YEAR SERIAL NUMBER OPTIONS ACQ. DATE ACQ. COST OWNER'S VALUE TAX DEPT. USE If additional space is needed for Rolling Stock, please use "Itemized Rolling Stock Report". West Virginia Code Chapter 11, Article 6H provides that the value of special aircraft property shall be its salvage value. Special aircraft property is defined as "all aircraft owned or leased by commercial airlines or private carriers, or any parts, materials or items used in the construction, maintenance or repair of aircraft which are, or are intended to become, affixed to or part of an aircraft or an aircraft's engine or of any other component of an aircraft, used as such, by a repair station as defined under Part 145 of Title 14 of the United States Code of Federal Regulations, or any succeeding regulations issued by the Federal Aviation Administration or any successor agency." If you have reported property on "Schedule I" which you believe to be a special aircraft property, enter the dollar value of the aircraft at 100% of acquisition cost. Acquisition Cost: $_____________________ Owner's Value: $_____________________________ Tax Dept. Use:_____________________ OTHER INFORMATION REQUIRED WITH THIS RETURN Type of Business Entity (Check One): Corporation______ Partnership ______ Sole Proprietor______ Other______________________________________________________________________________ Description of Business Activity: Please enter Federal Employers Identification Number (FEIN): Business Registration Account ID: DEPRECIATION SCHEDULE ATTACHED? Yes_______ NO_______ (Explain) BALANCE SHEET ATTACHED? Y es_______ NO_______ (Explain) In lieu of a balance sheet, a Profit or Loss Statement (Schedule C) from your Federal Income Tax Return may be submitted. Failure to attach these items will be grounds upon which the State Tax Department may reject this return. If you need forms or assistance, contact the State Tax Department I, _________________________________________________________________________, (president, treasurer, manager, owner or other title) _______________________________ of ____________________________________________________________________ do affirm that the information on this return, to the best of my knowledge and judgment, is true in all respects; that it contains a statement of all the real estate and personal property, including credits and investments belonging to the business; that the value affixed to such property is, in my opinion, its true and actual value, by which I mean the price at which it would sell if voluntarily offered for sale on such terms as are usually employed in selling such property, and not the price which might be realized at a forced or auction sale; and said business has not, to my knowledge, during the 60-day period immediately prior to the first day of the assessment year converted any of its assets into nontaxable securities or notes or other evidence of indebtedness for the purpose of evading the assessment of taxes thereon. Signed _____________________________________________________________________________________________________ Date _____/_____/_________ STATE TAX DEPARTMENT USE ONLY _________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________ _________________________________________________________________________________________________________________________ Account Number: Name: DBA: Mailing Address: City: County: District: INDUSTRIAL PROPERTY RETURN TAX YEAR _____ Permit number: Federal Employers Identification Number: SCHEDULES FOR TAX DEPARTMENT USE Business Registration Acct. ID: Leased Property: Real Estate: CLASS 3 OR 4 A-Mach & Equipment: A-Furn & Fixtures: A-Leasehold Improv: A-Computer A-High-Tech. Prop: B-Inventories C-Mach & Tools N/Inst: D-Other Property: E-Inc. Construction: F-Salvage Mach & Equip G-Pollution Facilities: H-Molds, etc: I-Vehicles: TOTAL CLASS 3 OR 4:
Extracted from PDF file 2023-west-virginia-form-stc-1232-i.pdf, last modified December 1969

More about the West Virginia Form STC-12:32-I Other Tax Return TY 2023

We last updated the Industrial Business Property Return in February 2024, so this is the latest version of Form STC-12:32-I, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form STC-12:32-I directly from TaxFormFinder. You can print other West Virginia tax forms here.

Related West Virginia Other Forms:

TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the West Virginia Form STC-12:32-I.

Form Code Form Name
Form STC-12:32-C Commercial Business Property Return

Download all WV tax forms View all 76 West Virginia Income Tax Forms


Form Sources:

West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form STC-12:32-I from the Department of Revenue in February 2024.

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Form STC-12:32-I is a West Virginia Other form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

Historical Past-Year Versions of West Virginia Form STC-12:32-I

We have a total of two past-year versions of Form STC-12:32-I in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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