What if I own no equipment?

You must write "None" on the return and still send it in, along with an explanation of owning no equipment.

  • If you lease equipment, then report it in Section Three of the return.
  • You are required to file the return no matter how much equipment you have.
  • You may be asked to provide a copy of the lease agreement.

Show All Answers

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?