Available in All Arkansas Counties
Taxscribe transforms tax management for business owners and CPAs in Arkansas, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate Arkansas’s tax compliance requirements.
Available Forms:
- - Commercial Personal Property Rendition Form
What is Commercial Personal Property?
In Arkansas, commercial personal property is any property used to generate income, such as through the sale of items or the provision of a service. This includes:
-
- Vehicles
- Furniture
- Fixtures
- Equipment
- Inventory
- Supplies
In Arkansas, commercial personal property is any property used to generate income, such as through the sale of items or the provision of a service. This includes:
-
- Vehicles
- Furniture
- Fixtures
- Equipment
- Inventory
- Supplies
Who should file a Commercial Personal Property Rendition Form?
All businesses possessing personal property, like the items listed above, should file a Commercial Personal Property Rendition form.
All businesses possessing personal property, like the items listed above, should file a Commercial Personal Property Rendition form.
When you should file:
All tangible personal property must be listed with the assessor no later than May 31 or the next business day if May 31 falls on a weekend or holiday each year.
All tangible personal property must be listed with the assessor no later than May 31 or the next business day if May 31 falls on a weekend or holiday each year.
Exemptions:
No automatic exemption from assessment applies to tangible personal property of businesses. In two instances, personalty may be subject to exemption, but all property should be listed with the assessor. The potential exemption applies to some inventory of manufacturers and to certain fixed assets.
No automatic exemption from assessment applies to tangible personal property of businesses. In two instances, personalty may be subject to exemption, but all property should be listed with the assessor. The potential exemption applies to some inventory of manufacturers and to certain fixed assets.
Important Notes:
- Property assessed after the deadline of May 31st will be penalized in the amount of 10% of the taxes levied on the property.
- The third Monday of August is the deadline to filed an appeal with the Board of Equalization
- Any questions should be directed to your local county assessor.
- Property assessed after the deadline of May 31st will be penalized in the amount of 10% of the taxes levied on the property.
- The third Monday of August is the deadline to filed an appeal with the Board of Equalization
- Any questions should be directed to your local county assessor.
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