West Virginia Industrial Business Property Return

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