Form 62A500 S1 – Fill Out and Use This PDF

Form 62A500 S1 PDF Details

In the realm of automobile dealership operations within Kentucky, the 62A500 S1 form emerges as a pivotal document, intertwining the spheres of taxation and vehicle inventory management. Crafted by the Commonwealth of Kentucky's Department of Revenue, specifically under the Office of Property Valuation and the State Valuation Branch, this form serves as an Automobile Dealer's Inventory Listing for Line 34 on the Tangible Personal Property Tax Return. With a focus on the accurate assessment of property for the tax year beginning January 1, 2012, it mandates dealers to furnish detailed listings of their vehicle inventories. This encompasses a comprehensive array of information, including the business or social security number, Federal ID, dealer's name, contact details, and the physical location where the inventory is held, alongside a meticulous record of each vehicle—spanning year, make, model, license plate number (if applicable), vehicle identification number, and the NADA trade-in value. This requirement not only aids in the precise valuation of a dealership's tangible personal property for tax purposes but also ensures a clear and transparent record-keeping process that aligns with Kentucky's regulatory and fiscal standards.