What if I went out of business?

You must notify our office in writing that you went out of business. If your BPP is on commercial property and is still available for use in business after you went out of business, you are responsible to continue to report it until it is removed or made unavailable for use in the business . Note that BPP is not pro-rated.

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1. What is Business Tangible Personal Property (BPP)?
2. What is the due date for the business tangible personal property tax return?
3. Can I get an extension of time to file the return?
4. What is the tax rate?
5. What if I went out of business?
6. What if I purchased or recapitalized an item on January 1?
7. What if I am a sole proprietor and I own the equipment personally?
8. What if I own no equipment?
9. Do you allow for technological obsolescence?
10. What if I do not depreciate anything?
11. What do I need to attach to my form?