Fillable 2020 Personal Property Business Equipment Report

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2020 Personal Property Business Equipment Report

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BERNALILLO COUNTY – OFFICE OF THE ASSESSOR
2020 PERSONAL PROPERTY BUSINESS EQUIPMENT
REPORT 7-36-8 NMSA (1993 AMENDED)
December 16, 2019
Dear Business Property Owner:
Business personal property (equipment) that is located in Bernalillo County on January 1 of
each year is subject to valuation for property taxation purposes unless it is specifically exempt
by statute. The enclosed Personal Property Business Equipment Report must be completed
each year and returned to the Bernalillo County Assessor’s Office.
PLEASE COMPLETE AND RETURN THE ENCLOSED REPORT NO LATER
THAN FEBRUARY 28, 2020 5PM MST
A BUSINESS EQUIPMENT REPORT MUST BE FILED EACH YEAR WITH
THE ASSESSOR’S OFFICE, EVEN IF THERE ARE NO ASSETS TO REPORT.
A business that fails to report is liable for a civil penalty equal to five percent of the property
taxes due on the property for the tax year or years for which the business failed to make the
required report; and the business risks audit. (7-38-8 NMSA)
The business property to report to the Assessor are those assets on which a federal
depreciation deduction was taken
and/
or
a Section-179 expense was taken and reported to
the IRS for the previous tax year (7-36-8 NMSA - 1993 Amended); excluding inventory held for
resale, licensed vehicles, leasehold improvements, and supplies.
A copy of the
Federal depreciation schedule must be
attached
and returned with the
2020 Personal Property Business Equipment Report.
If the business has ceased in Bernalillo County, indicate the pertinent information on the report.
If the State ID is canceled, if possible, include a copy of the
NM State Taxation and Revenue
Cancellation of State ID
.
The business personal property reported to the Bernalillo County Assessor consists of movable
items not permanently affixed to or part of the real estate. It includes, but is not limited to
equipment used to conduct business such as computers, copiers, printers, phone systems,
manufacturing, construction and commercial machinery, fixtures, and office furniture.
The tax liability of leased or rented equipment, furniture, fixtures, computers, and other
business property is vested in the lessor. It is important, however, that the lessee-business
report to the Assessor the type of equipment leased or rented and from what lessor-business.
Property leased or rented to governmental entities and installed at the site of the governmental
entity is subject to taxation.
If you have any questions or need more information, please call the Business Personal Property
Department at 222-3750, or visit our website www.bernco.gov
go to Elected Officials-
Assessor, Assessor’s Forms, Personal Property Report.
Tanya R. Giddings
Bernalillo County Assessor
INSTRUCTIONS
For assistance call 505-222-3750
January 1 is the Assessment Date of Business Personal Property (business equipment). Respond to all items; show N/A on the items that do not
apply. A separate report must be completed for each location of a business
. If two businesses are at one location, a separate report must be
completed for each business. If duplicate forms for the same business are received, please return both copies to the Assessor’s Office so the duplicate
account number may be deactivated.
1. NAME OF OWNER: Give the name of ownership be it the name of a sole proprietor, a partnership, or a corporation (i.e. Joe Smith, Joe Smith
Ltd. Partnership, Joe Smith Inc). The name of ownership might be the same as the D.B.A.
2. D.B.A. (doing business as): The name of your business. The D.B.A. might be the same as the name of ownership.
3. (C/O): The name of the tax consultant, CPA, accountant, individual or firm that should receive this document other than owner.
4. CONTACT PERSON: The individual to speak with regarding information on this document.
5. LOCATION ADDRESS This is the physical address of the business or business equipment. If the business is conducted from the home, give the
home address. If the business is conducted from a mobile vehicle state so.
6. MAILING ADDRESS This is the address all tax related documents are to be mailed to: if different from owner attach signed authorization.
7. CHECK BOX if the primary activity of this business is to Lease or Rent equipment to others, the lessor.
8. NEW MEXICO STATE ID #/CRS #: This number is issued by the NM State Taxation and Revenue Department. (11 Digits)
9/10.
CITY FACILITY ID # or COUNTY BUSINESS REGISTRATION #: This number is issued by the city or county dependent upon the location
of the business. Give both City and County numbers if applicable.
11. DATE BUSINESS STARTED ACTIVITY in Bernalillo County under the current ownership. If the bus. was incorporated recently provide the date.
12. HOW MANY LOCATIONS DOES THIS BUSINESS HAVE IN BERNALILLO COUNTY? List total number of locations in Bernalillo County
13. CHECK appropriate box to identify that this location is inside or outside of the Albuquerque City limits.
14. PHONE NUMBER, CELL NUMBER, FAX NUMBER, and E-MAIL ADDRESS for the OWNER.
15. TYPE OF BUSINESS. Give a description of what the business does ( Restaurant, Physician, Beauty Salon, Construction, Retail Store etc.)
16. NAME AND MAILING ADDRESS OF THE OWNER, Do not give the name or address of the agent.
17. CENTRALLY ASSESSED ACCOUNTS. Assets reported to the State of New Mexico Taxation & Revenue Department State Assessed Property
Bureau are NOT to be reported to the Bernalillo County Assessor.
18. For Federal Tax reporting are the books maintained on a Calendar year (Jan-Dec) or are they maintained on a fiscal year (i.e., 2-1 to 1-31)?
19. Check the tax year that is to be used for this report 2018 or 2019. Check YES if a federal depreciation deduction was claimed and/or
expensed under sec 179 for assets on that tax year and complete the #23 calculation page. Check NO if no federal depreciation was taken for
that tax year. Supporting tax documentation must be submitted with all reports for the tax year checked YES or NO (Federal Depreciation
Schedule/4562 with tax asset detail for the year checked/Schedule C pages 1 & 2 can be submitted if no depreciation was taken.)
20. NAME OF FIRM & INDIVIDUAL PREPARING THIS REPORT IF OTHER THAN THE OWNER REPORT MUST BE SIGNED & DATED.
21. DATE BUSINESS CEASED ACTIVITY IN BERNALILLO COUNTY. This is the date the business ceased to do business in Bernalillo County
under current ownership. If this business has moved from this location, show the new address on line #5 and complete this document. If,
there is no equipment or it was sold or disposed of prior to January 1, the business must complete this document. To remove the business from
the Bernalillo County Assessor’s records, it is necessary to complete items 1 thru 20, and 21 or 22 if applicable. Report must be signed & dated.
22. DATE BUSINESS SOLD, NAME, PHONE & MAILING ADDRESS OF BUYER. A NEW UPC # will be assigned to the NEW buyer.
If in business as of Jan 1
st
, owner is responsible for entire year. Report must be signed & dated.
23. CALCULATION PAGE MUST BE COMPLETED Use the 2018, 2019 Federal Depreciation Schedule Detail. A) Eliminate licensed motor
vehicles, equipment disposed of prior to January 1, or equipment fully depreciated prior to the federal tax year being reported. B) Identify the
assets depreciated and/or expensed under Section-179 for the Federal Tax year being reported. C) Determine the straight-line Class Life using
tables provided. D) Apply the percent good from the Tables provided and calculate the depreciated cost. Attach a copy of the Federal
Depreciation Schedule Detail and 4562 as supporting documentation. If business has not federally depreciated any assets for the tax year
indicated include a copy of Federal Schedule C pages 1 & 2.
24. LEASED EQUIPMENT. On a separate sheet, describe the type of equipment that this business leases (lessee), and the name of the business
from which the equipment is leased (lessor). The lessee is to report leased equipment if, title of the leased equipment is passed to
the lessee and the lessee is claiming a federal depreciation or expense deduction on the equipment.
EXEMPT STATUS
To declare an exemption, which is not currently applied to this assessment record, an application for exemption must be requested through the
Assessor’s Office. Application must be made by the LAST DAY OF FEBRUARY OF THE TAX YEAR for which the exemption is to be applied.
The Assessor’s exempt status is solely on taxation. Claiming or receiving tax exempt status DOES NOT relieve the business or non-
profit organization of the responsibility to complete and return a business equipment report each year to the Assessor’s Office.
Head-of-Household exemptions are NOT applied to business equipment.
A. CHURCH: To qualify for this exemption, the substantial and primary use of the property must be for religious purposes.
B. CHARITABLE/EDUCATIONAL: To qualify for these exemptions, the substantial and primary use of the property must be for
charitable/educational purposes.
THE UPC# MUST BE ON ALL REPORTS SUBMITTED TO AVOID DOUBLE ASSESSMENTS--NEW BUSINESS WRITE “NEW” IN THE UPC BOX.
Assessment date is January 1 (7-38-8 NMSA). Business Equipment Reports must be returned to the Assessor no later than the last day of
February to avoid penalty. Assessors have no authority to grant an extension nor relieve penalties.The information submitted is confidential.
2020 BERNALILLO COUNTY PERSONAL PROPERTY BUSINESS EQUIPMENT REPORT
THIS REPORT MUST BE COMPLETED & RETURNED TO
OFFICE OF THE ASSESSOR – PERSONAL PROPERTY DIVISION
PO BOX 27108---ALBUQUERQUE, NM 87125
505-222-3750 FAX# 505-222-3781 WEB www.bernco.gov
UPC # __ __ __ __ __ __
6 D i g i t s
1. __________________________
__________________________________
Name of Owner: Sole Proprietor, Partnership, or Corporation Name
2. ____________________________________________________________
DBA: doing business as
3. (C/O)_______________________________________________________
In Care Of individual or firm other than owner.
4. ____________________________________________________________
Contact Person
5. ____________________________________________________________
Location Address in B
ernalillo County Moved
from Location preprinted above
6. __________________________
__________________________________
Mailing Address Agent address
14. PHONE #:_____________________CELL#___________________ FAX #:_____________________ E-MAIL ADDRESS:_______________________
15. TYPE OF BUSINESS:______________________________________________________________________________________________________
16. NAME & ADDRESS OF OWNER: ______________________________________________________________________________________
(do not give agent name or address) ______________________________________________________________________________________
______________________________________________________________________________________
17. IF THIS BUSINESS REPORTS EQUIPMENT TO THE NM STATE PROPERTY TAX DEPARTMENT - CENTRAL ASSESSMENT BUREAU?
DO NOT COMPLETE THIS FORM, PLEASE CALL OUR OFFICE WITH YOUR CAB NUMBER IF YOU NEED ASSISTANCE.
18. WHAT IS THE FEDERAL ACCOUNTING YEAR USED FOR THIS BUSINESS?
(Check One) CALENDAR YEAR: JAN 1 TO DEC 31 FISCAL YEAR: ____/____/_XX_ TO ____/____/_
XX_
19. DID THIS BUSINESS CLAIM A FEDERAL DEPRECIATION DEDUCTION OR
AN EXPENSE UNDER SEC-179 ON EQUIPMENT LOCATED IN
BERNALILLO COUNTY FOR THE FEDERAL TAX YEAR: (Check the tax year used for this report)
2018___YES ____NO --OR--2019 ____YES ___NO
Attach the Federal Depreciation Detail for the year you checked. If you answered YES for either year, complete #23.
20. PREPARER IF OTHER THAN OWNER
Name______________
___________________________Name of Firm___________________________________Phone#_________________________
SIGNATURE: DATE: ____/____/____
FOR OFFICE USE ONLY
Tax Dist
Ext Dt
ID/CRS
Calc Pg Acptd Recalc
File Date
Fed ID
Recd Dt
City #
Appr Calc Y N
Translog
Incorp Dt
Tax Docs
Cnty #
Activity Code
Entered
Start Dt
Reason Code A N D __
CAB#
Late Penalty Y N
Translog
FY ----
Appr Init
Repunch
Category
Dt Revd / /
Fed Dep 18 Y N / 19 Y N TXP
Fd Dp 18 19 /4562/List/Bk 18 19 OVR
Translog
LEASE or RENT equipment to others:
8. NM STATE ID#/CRS#: _______________________________
11 Digits
9. CITY FACILIT
Y ID#: FA00____ ____ ____ ____ ____
5 Digits
COUNTY BUSINESS REGIS#: ____________________________
(If this location of business is outside the city limits)
DATE BUSINESS STARTED: ______/______/______
(Under current ownership in Bernalillo County)
COUNTY?____________________
BUSINESS LOCATION WITHIN BERNALILLO COUNTY:
Inside Alb Limits (A1A) Outside Alb Limits (X1/X1A)
Los Ranchos De Alb (L1A) (Berna
lillo County)
Village of Tijeras (T1)
21. Date this BUSINESS CEASED under current ownership within Bernalillo County____/____/____. Complete this item if only this branch/location
closed. Phone #: _____________________
22. Date BUSINESS SOLD: ____/____/____ Buyer’s Name & DBA:__________________________________________________________
Phone #: Buyer’s Address:
Business will continue in Bernalillo County
Y N
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23. CALCULATION PAGE MUST BE COMPLETED Using either the 2018, 2019 Federal Depreciation Schedule to calculate the depreciated cost
(7-36-8 NMSA 1993 AMENDED). This Depreciation Schedule shows the description, acquisition cost, acquisition year, Section-179 taken.
If no depreciation was taken supporting tax documentation must be submitted showing no federal depreciation was taken.
Step 1. DRAW A LINE THROUGH, ELIMINATE, EACH ITEM ON THE FEDERAL DEPRECIATION SCHEDULE THAT
• has a license plate (licensed motor vehicle)
• the business disposed of prior to January 1, 2020.
Step 2. VERIFY T
HAT THE REMAINING TANGIBLE ASSETS HAVE A DEPRECIATION DEDUCTION TAKEN -OR- HAVE BEEN EXPENSED UNDER
SECTION-179 (IN WHOLE OR IN PART) FOR THE FEDERAL TAX YEAR USED FOR THIS REPORT.
Step 3. DETERMIN
E THE STRAIGHT-LINE “CLASS LIFE
* FOR EACH OF THE DEPRECIATING ASSETS, SEE ATTACHED SCHEDULES.
DO NOT USE THE MACRS OR ACRS “ RECOVERY PERIODS”.
Step 4. LIST TH
E STRAIGHT-LINE CLASS LIFE*, YEAR OF ACQUISITION, COST, PERCENT GOOD**, THEN CALCULATE THE DEPRECIATED
COST(S). LIST THE ASSETS INDIVIDUALLY; OR GROUP THE ASSETS BY CLASS LIFE THEN SORT BY THE YEAR OF ACQUISITION.
* “Class Life” (in years) as defined in IRS Publication 946--HOW TO DEPRECIATE PROPERTY. See “Table of Class Lives
and Recovery Periods”. (Do Not Use GDS (MACRS) or ADS)
** See the attached Tables #1 and #2 for the Percent Good Factor.
LEASED EQUIPMENT IS TO BE REPORTED BY THE LESSOR UNLESS TITLE IS PASSED TO THE LESSEE, IN WHICH CASE THE LESSEE IS ALLOWED
TO CLAIM THE FEDERAL DEPRECIATION DEDUCTION ON THE EQUIPMENT. THEREFORE, THE EQUIPMENT IS TO BE REPORTED BY THE LESSEE.
DO NOT INCLUDE LEASEHOLD IMPROVEMENTS. THESE NEED A DESCRIPTION OF THE IMPROVEMENT.
SUPPORTING FEDERAL TAX DOCUMENTS ARE REQUIRED WITH ALL REPORTS.
STRAIGHT- ALWAYS USE COST
LINE YEAR OF OF EQUIPMENT FROM % GOOD ** DEPRECIATED
CLASS LIFE* ACQUISITION FEDERAL DEPR SCHED (Table 1 OR 2) COST
(in years)
______ _____________ ________
___________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
______ _____________ ___________________________ X ______ = _____________________
TOTAL DEPRECIATED COST = __________________
24. LEASED EQUIPMENT: ON A SEPARATE SHEET LIST TYPE OF EQUIPMENT AND THE LESSOR.
25. COMMENTS:
Assets reported on this UPC (location) may actually be at other locations, please give us the UPC numbers.
For Information Only: COST OF EQUIPMENT X % GOOD = DEPRECIATED COST
DEPRECIATED COST X .3333 = TAXABLE VALUE
TAXABLE VALUE X MILL RATE = TAX BILL DOLLAR AMOUNT
Bernalillo County Assessor TABLE 1
Albuquerque, NM
Computer & Peripheral equip,
Cell sites,
All Office Furniture, Cubicles Ect.
Typewriters, Faxes, Calculators,
Antennas,
All Restaurant Eq. tables,chairs
Copiers/Printers, Adding machines Microwave Medical, Dental, Veterinary Eq.
Internal phone systems,
Antennas,
Communications Equipment
Security systems, Fitness & Gym Equipment
General Building and All Machinery & Equipment
Construction assets Manufacturing & Processing Eq.
Pallets
Oil & Gas well drilling assets, Movie Production Equipment
Software Signs/Bilboards/Art, Paintings
STRAIGHT-LINE CLASS
LIFE (IN YEARS)
3 5 6 7 10 13 17
YEAR ACQUIRED
2019/2020 85% 91% 93% 94% 96% 97% 97%
2018 56% 74% 78% 82% 87% 90% 92%
2017 27% 56% 64% 69% 78% 83% 87%
2016 13% 48% 49% 56% 69% 76% 82%
2015 13% 30% 34% 44% 61% 70% 77%
2014 13% 13% 20% 31% 52% 63% 72%
2013 13% 13% 13% 19% 43% 56% 67%
2012 13% 13% 13% 13% 34% 50% 61%
2011 13% 13% 13% 13% 26% 43% 56%
2010 13% 13% 13% 13% 17% 36% 51%
2009 13% 13% 13% 13% 13% 29% 46%
2008 13% 13% 13% 13% 13% 23% 41%
2007 13% 13% 13% 13% 13% 16% 36%
2006 13% 13% 13% 13% 13% 13% 31%
2005 13% 13% 13% 13% 13% 13% 25%
2004 13% 13% 13% 13% 13%
13% 20%
2003 13% 13% 13% 13% 13% 13% 15%
2002 13% 13% 13% 13% 13% 13% 13%
% GOOD SCHEDULES-TAX YEAR 2020
CALL FOR THE SCHEDULE YOU REQUIRE, IF IT DOES NOT APPEAR ON TABLES 1 or 2 (505) 222-3750.
THIS IS A GENERAL ASSET LIST ONLY AND DOES NOT INCLUDE ALL REPORTABLE ASSETS
Bernalillo County Assessor TABLE 2
Albuquerque, NM
Wine Pool Forklift Solar Gas & Purification
Barrels Tables Manlift panels Plants,
Equip, Pipelines,Tanks
Air shelters, Cement Compressors,
Printing, trans buildings, prod other related
Publish assets Towers assets equipment
STRAIGHT-LINE
CLASS LIFE
(IN YEARS)
4 8 9 9.5 11 12 14 15 20 25
YEAR ACQUIRED
2019/2020 89% 95% 95% 95% 96% 96% 97% 97% 98% 98%
2018 67% 84% 85% 86% 88% 89% 91% 91% 93% 95%
2017 45% 73% 76% 77% 80% 82% 84% 85% 89% 91%
2016 23% 62% 66% 68% 72% 75% 78% 80% 85% 88%
2015 13% 51% 56% 59% 64% 67% 72% 74% 80% 84%
2014 13% 40% 47% 49% 56% 60% 66% 68% 76% 81%
2013 13% 29% 37% 40% 48% 53% 59% 62% 72% 77%
2012 13% 18% 27% 31% 40% 45% 53% 56% 67% 74%
2011 13% 13% 17% 22% 32% 38% 47% 50% 63% 70%
2010 13% 13% 13% 13% 25% 31% 41% 45% 58% 67%
2009 13% 13% 13% 13% 17% 24% 34% 39% 54% 63%
2008 13%
13% 13% 13% 13% 16% 28% 33% 50% 60%
2007 13% 13% 13% 13% 13% 13% 22% 27% 45% 56%
2006 13% 13% 13% 13% 13% 13% 16% 21% 41% 53%
2005 13% 13% 13% 13% 13% 13% 13% 16% 37% 49%
2004 13% 13% 13% 13% 13% 13% 13% 13% 32% 46%
2003 13% 13% 13% 13% 13% 13% 13% 13% 28% 42%
2002 13% 13% 13% 13% 13% 13% 13% 13% 23% 39%
2001 13% 13% 13% 13% 13% 13% 13% 13% 19% 35%
2000 13% 13% 13% 13% 13% 13% 13% 13% 15% 32%
1999 13% 13% 13% 13% 13% 13% 13% 13% 13% 28%
1998 13% 13% 13% 13% 13% 13% 13% 13% 13% 25%
1997 13% 13% 13% 13% 13% 13% 13% 13% 13% 21%
1996 13% 13% 13%
13% 13% 13% 13% 13% 13% 18%
1995 13% 13% 13% 13% 13% 13% 13% 13% 13% 14%
1994 13% 13% 13% 13% 13% 13% 13% 13% 13% 13%
% GOOD SCHEDULES -- TAX YEAR 2020
CALL FOR THE SCHEDULE YOU REQUIRE , IF IT DOES NOT APPEAR ON TABLES 1 OR 2 (505) 222-3750
THIS IS A GENERAL ASSET LIST ONLY AND DOES NOT INCLUDE ALL REPORTABLE ASSETS
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2020 Personal Property Business Equipment Report

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