Form Pt 300 PDF Details

The State of South Carolina mandates the use of the PT-300 form for a comprehensive declaration of property by businesses, as detailed in the revision dated November 3, 2020. This form serves multiple purposes, including initial filings, annual submissions, amendments, and final returns, catering to a diverse range of reporting needs for the taxpayer. It importantly allows for the declaration of changes in accounting periods, ownership details, and the addition of new locations, alongside the standard requirement of outlining business and owner information. Businesses are urged to embrace digital submissions via the MyDORWAY platform for efficiency and environmental conservation. Key sections of the form delve into detailed account information, ownership breakdowns, and schedule summaries that cover total gross costs across various operations, and necessitate attachments of additional schedules for improvements and leases. The PT-300 form stands as a critical document for applying for property value exemptions and special assessments under specific South Carolina Code sections, highlighting the importance of timely and accurate filings. Moreover, the form alerts filers to severe repercussions for willful evasion of tax or property assessments, underlining the legal obligations and the high stakes involved in the process. Completing and submitting the PT-300 is not just about compliance; it’s a careful balance of accurately representing business assets while navigating the potential for exemptions and special assessments to optimize financial outcomes.

QuestionAnswer
Form NameForm Pt 300
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other names Fillable Online dx1slceezt1vd cloudfront STATE OF ...

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1350

dor.sc.gov

TAX YEAR 2022

STATE OF SOUTH CAROLINA

PROPERTY RETURN

PT-300

(Rev. 11/3/20)

7012

SID number

 

 

 

 

County

Return Filing Status: (check one)

 

 

1 Initial

2 Annual

3

Amended

4 Final

Owner name and mailing address

Change of address

5 Return due to change in accounting closing period

Save time and paper by filing your PT-300 on MyDORWAY, our secure online tax portal. Visit MyDORWAY.dor.sc.gov to get started.

Mail to: SCDOR, Manufacturing Section, Columbia, SC 29214-0302

Section A: Account Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1. FEIN

 

 

 

 

2. Accounting closing date

 

 

 

 

 

(month/year)

 

 

 

SSN

 

 

 

 

 

Start up date

 

 

 

 

 

 

(month/day/year)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3. Property location

 

 

 

 

 

4. Type of ownership

 

 

*If box for Partnership

 

 

 

 

 

 

 

 

 

 

 

 

Sole Proprietor (one owner)

 

 

or LLC was checked,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

please complete

 

 

 

 

 

 

Business phone number

 

 

 

 

Partnership (two or more owners, other than LLP)

 

 

 

 

 

 

 

 

 

 

 

 

Section B below.

 

 

 

 

 

 

 

 

 

 

 

 

LLC/LLP filing as:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street

 

 

 

 

 

Corporation

Partnership

Single Member

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

South Carolina Corporation

 

 

 

 

 

 

 

 

 

 

City

State

 

ZIP

 

 

 

Date incorporated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Corporation

 

 

 

 

 

 

 

 

 

5. Contact person

 

6. Contact phone no.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State and date incorporated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other (explain)

 

 

 

 

 

 

 

 

 

 

 

7. Name used to file Income Tax return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section B: Name(s) of Business Owner, General Partners, Officers, or Members

FEIN/SSN

Name/title/general partners

Home address

% Ownership

Section C: Schedule Summary (Enter total gross cost below from Plant/Operation Schedules A through F, S and T.)

Schedule

Schedule

Plant/Operation name

Total

letter

number

 

gross cost

*

*MUST ATTACH ALL APPROPRIATE SCHEDULES

Additional Schedules (check if the following schedules are attached.)

Schedule X: Improvement Schedule

Schedule Z: Lease Schedule

See page 2 for the required signature and ownership changes.

70121223

Page 2

Section D: Associated Leases: Schedule Z Required

Section E: Account Information Changes

 

 

 

 

 

 

 

 

 

 

Report changes, corrections, and omissions below.

 

 

 

 

 

 

FEIN/SSN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

ZIP

 

 

 

 

 

 

 

 

 

 

Phone number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounting closing date

 

 

 

 

 

(month/year)

 

 

 

 

 

 

 

 

 

 

 

Start up date

 

 

(month/day/year)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Section F: Ownership Changes

 

See application for exemption below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Facility sold to:

 

 

 

 

 

 

 

FEIN/SSN

 

 

 

 

 

 

 

 

 

 

Facility purchased from:

 

 

 

 

 

 

FEIN/SSN

 

 

 

 

 

 

 

 

Street

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

 

 

State

 

 

 

 

ZIP

 

 

 

 

Date of sale

 

Contact person

 

 

 

Phone number (

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Application for five-year exemption and/or property value exemption

When you file a PT-300 on time and with all relevant schedules, it is considered the application for the partial exemption under SC Code Sections 12-37-220(A)(7), (A)(8), (B)(32), (B)(34) and the property value exemption under SC Code Section (B)(52)(a).

Change In Ownership: If you purchase an existing facility, you must also get approval for exemption from the local county for a five- year partial exemption in accordance with SC Code Section 12-37-220(C). You must submit a PT-444, Manufacturers Exemptions Extended To Unrelated Purchaser, within three years of filing a PT-300 on time for the filing of an application for exemption. The PT-444 is available at dor.sc.gov/forms.

No Change In Ownership: Owners of existing facilities that have not been purchased within this reporting period are not required to obtain approval from the local county governing body.

Application for special assessment of warehousing (PT-465)

To request a special assessment of warehousing, you must file a PT-465, Warehousing & Wholesale Distribution Facilities of Manufacturers, with the SCDOR by July 1 of the tax year for which you are requesting the special classification. See SC Code Sections 12-43-220 (a)(4) and the PT-465 for qualifications and application procedures.

Section 12-54-44 (B)(1) A person who willfully attempts in any manner to evade or defeat a tax or property assessment imposed by a title administered by the department or the payment of that tax or property assessment, in addition to other penalties provided by law, is guilty of a felony and, upon conviction, must be fined not more than ten thousand dollars or imprisoned not more than five years, or both, together with the cost of prosecution.

Under penalty of law, I certify that this return, including any accompanying schedules and statements, is correct, true, and complete to the best of my knowledge.

Taxpayer name

Taxpayer signature

Date

Phone number

Preparer name

Preparer signature

Date

Phone number

All returns must be signed and dated by the preparer and the taxpayer or an officer of the company.

70122221

How to Edit Form Pt 300 Online for Free

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Step 1: Access the form inside our editor by pressing the "Get Form Button" in the top section of this webpage.

Step 2: As you open the editor, you will find the form ready to be filled in. Besides filling out various fields, it's also possible to perform several other things with the PDF, namely adding any words, changing the initial textual content, adding images, putting your signature on the form, and much more.

So as to finalize this PDF form, ensure you enter the required information in each and every blank field:

1. The Form Pt 300 involves particular information to be typed in. Make sure the subsequent blank fields are completed:

Stage no. 1 of filling in Form Pt 300

2. After the last section is complete, you'll want to include the required specifics in FEINSSN, Nametitlegeneral partners, Home address, Ownership, Section C Schedule Summary Enter, Schedule, letter, Schedule number, PlantOperation name, Total, gross cost, MUST ATTACH ALL APPROPRIATE, Additional Schedules check if the, Schedule X Improvement Schedule, and See page for the required so you're able to move on to the next step.

Step no. 2 of submitting Form Pt 300

A lot of people often make some errors while completing Home address in this section. Make sure you review whatever you type in right here.

3. This stage is usually hassle-free - complete every one of the empty fields in Section D Associated Leases, Section E Account Information, Report changes corrections and, FEINSSN, Property location, Street, City, Phone number, Accounting closing date, Start up date, ZIP, monthyear, monthdayyear, Section F Ownership Changes, and See application for exemption below to complete this process.

Section D Associated Leases, Section E Account Information, and Accounting closing date of Form Pt 300

4. The next subsection needs your information in the following areas: Taxpayer name, Taxpayer signature, Preparer name, Preparer signature, Date, Phone number, Date, Phone number, and All returns must be signed and. Make sure that you enter all needed details to go onward.

Form Pt 300 completion process explained (stage 4)

Step 3: Prior to moving forward, you should make sure that all form fields have been filled out the proper way. When you are satisfied with it, press “Done." Get hold of your Form Pt 300 after you join for a 7-day free trial. Quickly get access to the pdf inside your FormsPal account, along with any modifications and adjustments being conveniently saved! With FormsPal, you can certainly complete documents without worrying about database breaches or entries being shared. Our secure software makes sure that your personal details are kept safe.

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