2021 Business Form With Schedule Fill it out Online or Scroll to the Bottom of this Page for a Printable Copy 2021 Business Form with Schedule GRAYSON COUNTY, VIRGINIA OFFICE OF THE COMMISSIONER OF REVENUE GRAYSON COUNTY COURTHOUSE P.O. BOX 126 INDEPENDENCE, VIRGINIA 24348 PHONE: 276-773-2381 ● 276-236-8140 ● 1-800-752-5117 ● FAX: 276-773-0444 2021 RETURN OF BUSINESS TANGIBLE PERSONAL PROPERTY AND MACHINERY AND TOOLS 2021 A Penalty Imposed for Not Listing (This form replaces Dept. of Taxation Form 762, use for reporting tangible property used in a business or profession including furniture in rental property.) THIS IS NOT A BILL IMPORTANT: PLEASE READ INFORMATION ON BACK BEFORE COMPLETING THIS RETURN THIS FORM MUST BE FILED BY MARCH 1, 2020 Email* Phone*FEDERAL I.D./SOCIAL SECURITY NO.* Name of Taxpayer* First Last Mailing Address of Taxpayer* Street Address Address Line 2 City AlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific State ZIP Code Business Address* Street Address Address Line 2 City AlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces Pacific State ZIP Code TRADE NAME* NATURE OF BUSINESS OR PROFESSION* Schedule 1Tangible personal property including furniture, fixtures, books, computers, coolers, office and business machines, hand and power tools, used in any business or profession. Attach an itemized listing.COST OF PROPERTY ACQUIRED IN AND PRIOR TO 12/31/09* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 20COST OF PROPERTY ACQUIRED IN 2010* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 25COST OF PROPERTY ACQUIRED IN 2011* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 30COST OF PROPERTY ACQUIRED IN 2012* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 35COST OF PROPERTY ACQUIRED IN 2013* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 40COST OF PROPERTY ACQUIRED IN 2014* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 45COST OF PROPERTY ACQUIRED IN 2015* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 50COST OF PROPERTY ACQUIRED IN 2016* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 55COST OF PROPERTY ACQUIRED IN 2017* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 60COST OF PROPERTY ACQUIRED IN 2018* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 65COST OF PROPERTY ACQUIRED IN 2019* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 70COST OF PROPERTY ACQUIRED IN 2020* ORIGINIAL CAPITALIZED COST* ASSESSMENT FORMULA 75TOTAL COST OF PROPERTY OWNED AS OF January 1, 2021* ORIGINIAL CAPITALIZED COST* Schedule 2MACHINERY & TOOLS for taxpayers engaged in manufacturing, mining, processing, reprocessing, radio & television broadcasting, dry cleaners or laundry business. Attach an itemized listing Section 58.1-3507, Code of Virginia requires machinery and tools to be a separate classification tools, used in any business or profession. Attach an itemized listing.ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2013 AND BEFORE- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2014- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2015- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2016- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2017- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2018- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2019- VALUE AS LISTED BY TAXPAYER* ORIGINIAL CAPITALIZED COST OF MACHINERY AND TOOLS 2020- VALUE AS LISTED BY TAXPAYER* Schedule 3TANGIBLE PERSONAL PROPERTY LEASED OR RENTED TANGIBLE PERSONAL PROPERTY LEASED OR RENTED TO OTHERS MUST BE LISTED AS REQUIRED BY SECTION 58.1-3518 CODE OF VIRGINIA. LIST BELOW ALL TANGIBLE PERSONAL PROPERTY AND MACHINERY & TOOLS (EXCEPT FOR MOTOR VEHICLES) LEASED FOR RENTED FROM OTHERS.NAME OF OWNER ADDRESS OF OWNER DESCRIPTION OF EQUIPMENT FROM LEASE AGREEMENT DATE OF LEASE QUOTED PURCHASE PRICE OF EQUIPMENT FROM LEASE AGREEMENT DATE OF LEASE QUOTED PURCHASE PRICE OF EQUIPMENT NAME OF OWNER ADDRESS OF OWNER DESCRIPTION OF EQUIPMENT FROM LEASE AGREEMENT DATE OF LEASE QUOTED PURCHASE PRICE OF EQUIPMENT NAME OF OWNER ADDRESS OF OWNER DESCRIPTION OF EQUIPMENT FROM LEASE AGREEMENT DATE OF LEASE QUOTED PURCHASE PRICE OF EQUIPMENT NAME OF OWNER ADDRESS OF OWNER DESCRIPTION OF EQUIPMENT FROM LEASE AGREEMENT DATE OF LEASE QUOTED PURCHASE PRICE OF EQUIPMENT INSTRUCTIONS REPORTING LEASED PROPERTY: Lessors and lessees are BOTH required to report leased property located in Grayson County. (Virginia Code §58.1-3518). Lessees reporting leased property and paying property tax for the owner should file a return separate from their own so a different account can be maintained: The account should be listed in the name of the owner of the property (the lesser) in case of (c/o) the lessee at the lessee’s address. Every taxpayer owning or having in their possession tangible property or machinery and tools used in business or professional occupation located in Grayson County, Virginia on January 1, 2021 must report same on this return and file by March 1, 2021 with the Commissioner of the Revenue, Grayson County, Courthouse, Independence, VA 24348. COST VALUES TO REPORT: Values to be reported are the actual, capitalized cost of the furniture, fixtures, and machinery, & tools before allowance for depreciation. COST OF ITEMS FULLY DEPRECIATED, BUT STILL IN USE, MUST BE REPORTED FOR TAXATION. AN ITEMIZED LIST of Tangible Personal Property and Machinery & Tools (excluding vehicles) located in Grayson County and a copy of the FEDERAL DEPRECIATION SCHEDULE given the YEAR ACQUIRED AND ORGINIAL COST of the property must be attached before this filing will be accepted as complete ( §58.1-3109 Code of Virginia). IF amounts reported vary greatly from a prior year’s amounts, please provide an explanation of the difference. DO NOT REPORT ON THIS FORM) over the road vehicles such as passenger trucks under or over two tons, motorcycles, trailers, etc. (ALL MOTOR VEHICLES SHOULD BE REPORTED ON A SEPARATE RETURN). Vehicles may be listed on a separate paper provided that the title number, year, make, and model, identification number, empty and gross weights, tag number, and the month, date and year purchased and cost is provided and signed by the taxpayer.Schedule 4MERCHANTS’ CAPITAL1. Inventory of stock on hand January 1, 2021 (must be same figure as reported to IRS)VALUE AS LISTED BY TAXPAYER VALUE AS ASCERTAINED BY COMMISSIONER OF THE REVENUE 2. All other taxable personal property of any kind whatsoever, except money on hand and on deposit and except tangible personal property not offered for sale as merchandise, which tangible personal property should be reported as such on Page 1, of this return under the heading “TANGIBLE PEROSNAL PROPERTY.”VALUE AS LISTED BY TAXPAYER VALUE AS ASCERTAINED BY COMMISSIONER OF THE REVENUE 3. Daily Rental Passenger CarVALUE AS LISTED BY TAXPAYER VALUE AS ASCERTAINED BY COMMISSIONER OF THE REVENUE 4. Daily rental property. (all tangible personal property held for rental and owned by persons engaged in short term rental business).VALUE AS LISTED BY TAXPAYER VALUE AS ASCERTAINED BY COMMISSIONER OF THE REVENUE 5. Total taxable merchants’ capital (sum of items 1, 2, and 3)VALUE AS LISTED BY TAXPAYER VALUE AS ASCERTAINED BY COMMISSIONER OF THE REVENUE DECLARATION OF TAXPAYER RETURN OF TANGIBLE PROPERTY, MACHINERY AND TOOLS, AND MERCHANTS’ CAPITAL I declare that the statements and figures submitted on both pages of this return are true, full, and correct to the best of my knowledge and belief. **NOTE: It is a misdemeanor for any person willfully to subscribe a return which he does not believe to be true and correct as to every material matter (Code of VA. Sec. 58-1-11)Signature of Taxpayer* Date* MM slash DD slash YYYY Executors, administrations, trustees, and other fiduciaries must also supply information called for on the return. REPORT ALL MOTOR VEHICLES OWNED OR LEASED ON ENCLOSED SEPARATE FORM.* Download (PDF, 1.15MB)
