Form 762 Virginia – Fill Out and Use This PDF

F

RETURN OF TANGIBLE PERSONAL PROPERTY, MACHINERY AND TOOLS,

2009

O

RM 762

AND MERCHANTS’ CAPITAL — FOR LOCAL TAXATION ONLY

VIRGINIA

Please print

Your social security number or FEIN

Name

Name of wife or husband

Spouse’s social security number

Home address

Number and street or rural route

County or City

City, town or post office

State

ZIP Code

District, Ward or Town

PART I TANGIBLE PERSONAL PROPERTY

1. Motor vehicles

* Leased vehicles for business use

Business

Trade Name of

Model

No. Cylinders

Date

Number

Air Cond.

Fair Market Value

Fair Market Value

Use

Year

or

or

Yes or

as Listed by

as Ascertained by

Motor Vehicle

Acquired

Owned

Commissioner

do not qualify for the personal property tax reduction.

Yes or No

Series

Tonnage

No

Taxpayer

of the Revenue

(a)Automobiles (not daily rental passenger cars)

VIN:

VIN:

(b)Motorcycles

(c)Trucks

(d)Tractors and trailers

(e)Antique motor vehicles

(f)All other motor vehicles and motor homes

2. Manufactured (mobile) offi ces, campers, travel trailers and recreational camping trailers

Manufacturer	Year	Model or Series	Length and	Date	Number	Cost
			Width	Acquired	Owned

3. Manufactured (mobile) homes (see instructions on back)

Manufacturer

Year

Model or Series

Length and

Date

Number

Cost

Width

Acquired

Owned

Boats and Watercraft (Assess the value of all

Over

Under

Manufacturer

Year

Type

Length and

Date

Number

Cost

4. property which pertains to craft (§58.1-3500))

5 Tons

5 Tons

Horsepower

Acquired

Owned

(a)Used for recreation and pleasure only . . . .

(b)Boat trailers, etc. . . . . . . . . . . . . . .

(c)Other . . . . . . . . . . . . . . . . . . . .

5.	Aircraft		Manufacturer	Year	Model or	Date		Number			Cost
					Series	Acquired			Owned
	(a) Aircraft owned by scheduled air carriers with seating capacity of
	no more than 50 persons
	(b) All other aircraft and flight simulators
6.	Motor vehicles owned/leased by auxiliary police officers, members or auxiliary members of a volunteer rescue squad or fire department (§§58.1-3506.15, 58.1-3506.16, 58.1-3506.20) . .
7.	Motor vehicles owned by a nonprofi t organization (§58.1-3506.17)				. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
8.	Heavy construction machinery (attach schedule)			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
9.	Business furniture and listings not returnable as part of merchants’ capital or if not defined as intangible personal property (§58.1-1100). . .										. . . . . . . .
10.	Furniture and offi ce equipment, including books, used in practicing a profession				. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
11.	Tools, hand or power, including woodworking equipment and metal lathes . . . .				. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
12.	Farming implements, including gas engines, electric motors, etc., threshing machines, corn huskers, feed cutters, combines, harvesters, blowers, plows,
	harrows, rakes, mowers, animal drawn vehicles, peanut pickers, etc			. . . . . . . . . . . . . . . . . . . . . . .		.	. .	. . . . . . . .		. . . . . . . . .
13.	Tangible personal property used in research and development business				. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
14.	Tangible personal property, leased, loaned or otherwise made available from federal, state or local government
15.	Tangible personal property consisting of programmable computer equipment and peripherals used in business
													Value as
PART II		MACHINERY AND TOOLS (see instructions on back)						Date			Original	Value	Ascertained by
								Acquired			Capitalized	as Listed by	Commissioner
											Cost	Taxpayer	of the Revenue
16.	Machinery and tools			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .
17. Energy conversion equipment of MANUFACTURERS (§58.1-3506)					. . . . . . . . . . . . . .	. .
PART III MERCHANTS’ CAPITAL (see instructions on back)												Value	Value as
													Ascertained by
												as Listed by	Commissioner
												Taxpayer
													of the Revenue
18.	Inventory of stock on hand			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
19.	Daily rental property			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
20.	Daily rental passenger cars			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
21.	All other taxable merchants’ capital			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
22.	Total taxable merchants’ capital (add lines 18,19, 20 and 21) . .			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
PART IV		OTHER TANGIBLE PERSONAL PROPERTY
23.	Total amount of Part IV from line 32 on the back of the return . .			. . . . . . . . . . . .	. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .
24.	All other tangible personal property not specifi cally enumerated on this return .				. . . . . . . . . . . . . .	. .	. .	. . . . . . . .		. .	. . . . . . . .

25. Total (add lines 1-17, 22, 23 and 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NOTES OR COMMENTS:

VA DEPT OF TAXATION 2601043 Rev. 06/08

	FORM 762 (2009)		Page 2
		Fair Market Value	Fair Market Value
			as Ascertained by
	PART IV OTHER TANGIBLE PERSONAL PROPERTY	as Listed by
			Commissioner
		Taxpayer
			of the Revenue

26.(a) Horses, mules and other kindred animals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)Cattle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Owned

(c)Sheep and goats. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(d)Hogs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Number

(e)Poultry — chickens, turkeys, ducks, geese, etc.. . . . . . . . . . . . . . . . . . . . . . . . . .

(f)Equipment used by farmers or cooperatives to produce ethanol derived primarily from farm products. . . . . . . . . . . . . . . . . .

(g)Grains and other feeds used for the nurture of farm animals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(h)Grain, tobacco and other agricultural products in the hands of a producer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i)Equipment and machinery used by farm wineries in the production of wine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27.Felled timber, ties, poles, cord wood, bark and other timber products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28.(a) Refrigerators, deep freeze units, air conditioners and automatic refrigerating machinery . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)Vacuum cleaners, sewing machines, washing machines, dryers and all other household machinery . . . . . . . . . . . . . . . . . . .

(c)Pianos and organs, television sets, radios, phonographs and records and all other musical instruments. . . . . . . . . . . . . . . .

(d)Watches and clocks and gold and silver plates and plated ware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(e)Oil paintings, pictures, statuary, and other works of art $ _______ books $ ________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(f)Diamonds, cameos and other precious stones and precious metals used as ornaments or jewelry . . . . . . . . . . . . . . . . . . . .

(g)Sporting and photographic equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(h)Firearms and weapons of all kinds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i)Bicycles and lawn mowers, hand or power. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(j)Household and kitchen furniture (state number of rooms ______ ). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29.Seines, pound nets, fykes, weirs and other devices for catching fi sh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30.Poles, wires, switchboards, etc., telephone or telegraph instruments, apparatus, etc., owned by any person, firm, association or company not incorporated .

31.Toll bridges, turnpikes and ferries (except steam ferries owned and operated by chartered company) . . . . . . . . . . . . . . . . . . . .

32.Total of Part IV (add lines 26 through 31 and enter on line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

GENERAL INSTRUCTIONS: Complete Form 762, reporting property which you owned on January 1, 2009, then file it with the Commissioner of the Revenue of the County or City generally on or before May 1, 2009. Since some localities have due dates other than May 1, you may want to contact your local office to be sure of the proper due date. Write the word “None” opposite each item of property which you do not own. No property is assess- able as tangible personal property if defined by §58.1-1100 as intangible personal property. If additional space is needed, attach a separate schedule. Note: If your motor vehicle is considered by State Law to have a business usage, it does not qualify for Car Tax Relief. Your vehicle is classified as having business usage if any of the following circumstances apply: 1) more that 50% of the mileage for the year was reported as a business expense for Federal Income Tax purposes or reimbursed by an employer; 2) more than 50% of the depreciation associated with the vehicle is deducted as a business expense for Federal Income Tax purposes; 3) the cost of the vehicle is expensed pursuant to Section 179 of the IRC; or 4) the vehicle is leased by an individual and the leasing company pays the tax without reimbursement from the individual.

DEFINITION OF MANUFACTURED HOMES (ALSO KNOWN AS MOBILE HOMES) FOR PART I, LINE 3

“Manufactured home” means a structure subject to federal regulation, which is transportable in one or more sections; is eight body feet or more in width and 40 body feet or more in length in the traveling mode, or is 320 or more square feet when erected on site; is built on a permanent chassis; is designed to be used as a single-family dwelling, with or without a permanent foundation, when connected to the required utilities; and includes the plumbing, heating, air-conditioning, and electrical systems contained in the structure (§36-85.3, Code of Virginia). “Manufactured homes” are also known as “mobile homes.”

INFORMATION FOR PART II, MACHINERY AND TOOLS

If you are engaged in a manufacturing, mining, water well drilling, processing or reprocessing, radio or television broadcasting, dairy, dry cleaning or laundry business, report all machinery and tools used in manufacturing, mining, water well drilling, processing or reprocessing, radio or television broadcasting, dairy, dry cleaning or laundry business, such machinery and tools being segregated by §58.1-3507, Code of Virginia, as amended for local taxation exclusively, and each county, city and town being required to make a separate classifi cation for all such machinery and tools.

INFORMATION FOR PART III, MERCHANTS’ CAPITAL

If you are a merchant and if locality taxes the capital of merchants, report 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 front of this return under the heading “TANGIBLE PERSONAL PROPERTY.”

FOR EXECUTORS, ADMINISTRATORS, TRUSTEES, COMMITTEES, GUARDIANS AND OTHER FIDUCIARIES

If this is the return of tangible personal property, machinery and tools, or merchants’ capital in the hands of an executor, administrator, trustee, committee, guardian or other fiduciary, such fiduciary must complete so much of both pages of this return as pertains to such property and, in addition, supply the information called for below:

1.Character of Fiduciary: Executor j Administrator j Trustee j Committee j Guardian j Other j

2.Name of Estate, Trust or Ward ________________________________________________________________________	(Specify)

DECLARATION OF TAXPAYER

I declare that the statement and figures submitted on both pages of this return are true, full and correct to the best of my knowledge and belief. I certify that unless otherwise indicated as business use, the vehicles listed herein are for personal use.

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 Virginia §58.1-11).

(Signature of Taxpayer)

(Date)

(Taxpayer’s Phone Number)

Executors, administrators, trustees and other fi duciaries must also supply information called for on this return.