OTC Form OTC901 "Business Personal Property Rendition" - Oklahoma

What Is OTC Form OTC901?

This is a legal form that was released by the Oklahoma Tax Commission - a government authority operating within Oklahoma. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on November 1, 2018;
  • The latest edition provided by the Oklahoma Tax Commission;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of OTC Form OTC901 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.

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Download OTC Form OTC901 "Business Personal Property Rendition" - Oklahoma

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901
State of Oklahoma
OTC
Business Personal Property Rendition
2019
Tax Year
Return to County Assessor - Filing Date: January 1 - Delinquent Penalties after March 15
Revised 11-2018
Report Only Tangible Assets
RE#
PP#
FEIN: ________________________________________________________
Phone Number
Type of Business: _______________________________________________
Email Address
North American Industry
Classification System
Owner/DBA
Are other businesses included in this rendition?
Yes
No
Mailing
If yes, please list: ______________________________________________
Address
Physical location if different from mailing address:
_____________________________________________________________
City, State, ZIP
Are you still in business at this location?
Yes
No
Are you renting or leasing this business location?
Yes
No
If No, Where? __________________________________
If yes, do you own any real estate improvements at this location?
If no, do you still own the business personal property?
Yes
No
Yes
No
Date Disposed/Sold: ____/____/____ If disposed or sold, stop here.
When did you start business at this location?
Date ____/____/____
Sign and return.
Part Two: Oklahoma Taxable Fixed Assets, from Form 904 Schedule 3 or 3A
Assessor Use
Beginning Total
Additions to Total
Deletions to Total
Ending Total Original
Description
Original Cost or RCN
Original Cost or RCN
Original Cost or RCN
Cost or RCN
Not Book Value
Not Book Value
Not Book Value
Not Book Value
Reconciled
Assessed Value
Leasehold Improvement
Original Cost
Furniture and Fixtures
Original Cost
Electric Equipment
Original Cost
Computer Equipment
Original Cost
Machinery and Equipment
Original Cost
Forklifts and Construction
Original Cost
Tooling, Dies and Molds
Original Cost
Other Assets and Trade Tools
Original Cost
Leased to Others
Original Cost
Leased from Others
Total
Total
Original Cost (See Instructions)
Total Fixed Assets
See Instructions
Part Three: Oklahoma Taxable Inventory
Net Inventory
Inventories
Total Assessed
Average Inventory (From Part 6)
Total supplies, parts,
Penalty
Less Freeport Exemption
equipment, etc. stored
(Form 901-F)
and/or not currently in use
Total Net
Consignment and/or Floorplan Inventory
including raw materials,
work in progress, finished
Date Filed
=
goods, etc.
Net Taxable Inventory
_____ / _____ / _____
Assessment %
School District
State of Oklahoma • County of ____________________________________________________________________________________________________
I, _________________________________________________________________________ under penalties of perjury, do hereby depose and say that
I am _____________________________________________ of _______________________________________________________________ company;
that as such I am acquainted with the books, accounts, and affairs of said company and know that the accompanying statement to be true, correct, and
complete, and that all information requested herein has been fully and correctly given. (68 O.S. Section 2945 provides penalties for false oaths)
Don’t Forget
Signature of preparer if other than taxpayer
Date
Preparer’s address
to Sign
Signature of taxpayer
Date
Preparer’s identification number
Preparer’s phone number
901
State of Oklahoma
OTC
Business Personal Property Rendition
2019
Tax Year
Return to County Assessor - Filing Date: January 1 - Delinquent Penalties after March 15
Revised 11-2018
Report Only Tangible Assets
RE#
PP#
FEIN: ________________________________________________________
Phone Number
Type of Business: _______________________________________________
Email Address
North American Industry
Classification System
Owner/DBA
Are other businesses included in this rendition?
Yes
No
Mailing
If yes, please list: ______________________________________________
Address
Physical location if different from mailing address:
_____________________________________________________________
City, State, ZIP
Are you still in business at this location?
Yes
No
Are you renting or leasing this business location?
Yes
No
If No, Where? __________________________________
If yes, do you own any real estate improvements at this location?
If no, do you still own the business personal property?
Yes
No
Yes
No
Date Disposed/Sold: ____/____/____ If disposed or sold, stop here.
When did you start business at this location?
Date ____/____/____
Sign and return.
Part Two: Oklahoma Taxable Fixed Assets, from Form 904 Schedule 3 or 3A
Assessor Use
Beginning Total
Additions to Total
Deletions to Total
Ending Total Original
Description
Original Cost or RCN
Original Cost or RCN
Original Cost or RCN
Cost or RCN
Not Book Value
Not Book Value
Not Book Value
Not Book Value
Reconciled
Assessed Value
Leasehold Improvement
Original Cost
Furniture and Fixtures
Original Cost
Electric Equipment
Original Cost
Computer Equipment
Original Cost
Machinery and Equipment
Original Cost
Forklifts and Construction
Original Cost
Tooling, Dies and Molds
Original Cost
Other Assets and Trade Tools
Original Cost
Leased to Others
Original Cost
Leased from Others
Total
Total
Original Cost (See Instructions)
Total Fixed Assets
See Instructions
Part Three: Oklahoma Taxable Inventory
Net Inventory
Inventories
Total Assessed
Average Inventory (From Part 6)
Total supplies, parts,
Penalty
Less Freeport Exemption
equipment, etc. stored
(Form 901-F)
and/or not currently in use
Total Net
Consignment and/or Floorplan Inventory
including raw materials,
work in progress, finished
Date Filed
=
goods, etc.
Net Taxable Inventory
_____ / _____ / _____
Assessment %
School District
State of Oklahoma • County of ____________________________________________________________________________________________________
I, _________________________________________________________________________ under penalties of perjury, do hereby depose and say that
I am _____________________________________________ of _______________________________________________________________ company;
that as such I am acquainted with the books, accounts, and affairs of said company and know that the accompanying statement to be true, correct, and
complete, and that all information requested herein has been fully and correctly given. (68 O.S. Section 2945 provides penalties for false oaths)
Don’t Forget
Signature of preparer if other than taxpayer
Date
Preparer’s address
to Sign
Signature of taxpayer
Date
Preparer’s identification number
Preparer’s phone number
Business Personal Property Rendition - Page 2
Part Four: Additions During the Reporting Year, or Schedule 3, or 3A
Year Acquired
Item
Total Original Cost or RCN
Item Description
Number
New
Used
Total
Part Five: Deletions During the Reporting Year
Year Acquired
Item
Total Original Cost or RCN
Item Description
Number
New
Used
Total
Part Six: Monthly Inventory
May
January
February
March
April
June
Average
July
August
November
December
September
October
Form 901 Instructions
Who Must File...
Computer Equipment ...
All business concerns, corporations, partnerships and professionals are required
Items included: computer hardware, monitors, drives and other such hardware compo-
by Oklahoma statutes to file each year a statement of taxable assets as of January
nents, custom software is exempt as an intangible.
1, which are located within this county. This rendition must be signed by an owner,
Machinery and Equipment...
partner, officer of the corporation or a bonafide agent.
Items included: auto repair, agricultural, bakeries, barber and beauty shops, cleaning
and laundry, fuel storage tanks, gas pumps, medical, restaurants, signs, theaters, etc..
Penalties...
All equipment and machinery (forklifts, mobile yard cranes, drilling rigs, tools) is also
Failure to file by March 15th will subject the taxpayer to a mandatory penalty of 10
included. Equipment installed on trucks or trailers after purchase must also be reported.
percent, or a 20 percent penalty if not filed by April 15th (68 O.S. Section 2836C). If
Do not list licensed vehicle such as autos, trucks, semitrailers, boats over 10 h.p., etc.
received through the mail by this office, it must be postmarked no later than March 15th.
Postage metered mail overstamped by the Post Office after March 15th, will carry the
Forklifts and Construction Equipment...
mandatory penalty.
Items include: forklifts, back hoes, compactor, dozers, draglines, earth movers, graders,
mobile cranes, rollers, trenchers, etc.
Taxpayers Filing Form 901 in this County ...
Tooling, Dies and Molds...
Attach a complete detailed listing of all TANGIBLE assets used in business,
Items include: Tooling, dies, punches, molds, patterns, jigs, etc.
grouped by description, year acquired and original cost, and items that have zero
book value, use reporting Asset Listing 904 Schedule 3 or 3A, which is available
Trade Tools and Equipment...
from the county assessor. Report ONLY TANGIBLE ASSETS.
Include items used by carpenters, cement finishers, craftsmen, electricians, mason,
mechanics, repair services, roofers, etc.
North American Industry Classification System (NAICS)...
This is your six digit Federal Business Activity Code.
Leased to Others...
List lessee, address, asset type, original cost, and age of asset. Additional sheets may be
Location of Property...
attached if necessary.
You must file a separate rendition for each location for assessment allocation to the
Leased from Others...
various school districts.
List lessor, address, asset type, age of asset, and beginning year of lease. Additional
Original Cost Values or RCN...
sheets may be attached if necessary.
Report the total new or used total cost or replacement cost new, including freight-in and
Inventories...
installation costs. Do not deduct investment credit, trade-in allowances or depreciation.
Add your total monthly inventories. Then divide the sum by the number of months you
If unknown, estimate the original cost. Estimated costs will not be depreciated without
have inventory in this county for the year to determine your average inventory. Inventories
supporting documents.
held for others or cosigned must be reported separately. Inventory claimed exempt must
be accompanied by a Freeport Exemption Form (901-F). Companies primarily engaged in
Year Acquired...
selling of lumber and other building material including cement and concrete except for
This is the purchase date. Depreciation cannot be calculated unless the year acquired is
home centers classified under Industry No. 444110 of the North American Industrial
reported.
Classification Systems (NAICS) Manual, shall be assessed at the average inventory value
Leasehold Improvements...
on hand each January, 1 and December, 31 of the same calendar year.
Report cost and detailed description of improvements to property owned by others. Do
If the Business is Sold, Closed or Name Changed...
not report building expansions or repairs, rough plumbing or electrical service, which are
To avoid possible incorrect or duplicate assessment, taxpayers should provide information
included in real estate values. Report all other items such as partitions, new store fronts, etc.
as follows:
Furniture and Fixtures...
• Business Sold: date of sale, name and address of new owner.
Items included: office desks, chairs, credenzas, file cabinets, table booths, shelving
• Business Closed: date of closing or date all personal property was disposed, report
display cases, racks, gondolas, retail fixtures, hotel and motel furnishings, etc.
location and value of any remaining property still owned on the assessing date,
even if in storage.
Electronic Equipment ...
• Business Name Change: date of change and new name.
Items included: calculators, copiers, drafting machines, blueprinting machines, fax
Intangible Business Personal Property...
machines, postage machines, telephone equipment, typewriters, lunch room appliances,
If any intangible property is imbedded in the reported assets the intangible property must be
etc. Also, include electronic and computer controls used with machinery and equipment.
identified and valued to the county assessor with supporting documentation. Supplemental
Form 901-IP must be used for any submission.
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