What if I do not depreciate anything?
  • You must still file the form and report all equipment used or available for use in the business.
  • You must include an itemized list of all equipment; and you may be asked to provide a copy of your federal Schedule C or Form 1120 in lieu of the required copy of your federal depreciation schedule.

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?