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computer components that control the equipment. This type of equipment
<br />would be included in Group (8) or "Other ".
<br />Group (5) Improvements to Leased Property
<br />This group includes improvements made by or for the business to real
<br />property leased or used by the business. The improvements may or may not be
<br />intended to remain in place at the end of the lease, but they trust still be listed
<br />by the business unless it has been determined that the improvements will be
<br />appraised as real property by the county for this tax year. Contact the county
<br />to determine if you question whether these improvements will be appraised as
<br />real property for this tax year. If you have made no improvements to leased
<br />property write "none ". Do not include in this group any Store Equipment -
<br />Group (1) or Office Furniture and Fixtures -Group (3).
<br />Group (6) Expenditure Items
<br />This group is for reporting any assets which would typically be capitalized,
<br />but due to the business' capitalization threshold, they have been expensed.
<br />Section 179 expensed items should be included in the appropriate group (1)
<br />through (4). Fill in the blank which asks for your business' "Capitalization
<br />Threshold." if you have no expensed items, write "none ".
<br />Group (7) Supplies
<br />Almost all businesses have supplies. These include normal business operating
<br />supplies. List the cost on hand as of January I. Remember, the temporary
<br />absence of property on January I does not mean it should not be listed if that
<br />property is normally present. Supplies that are immediately consumed in the
<br />manufacturing process or that become a part of the property being sold such
<br />as packaging materials or raw materials for a manufacturer, do not have to be
<br />listed. Even though inventory is exempt, supplies are not. Even if a business
<br />carries supplies in an inventory account, they remain taxable.
<br />Groan (8) Other
<br />This group will not be used unless instructed by authorized county tax
<br />personnel.
<br />Schedule B — Unlicensed Vehicular Equipment, Multi -Year
<br />and IRP Tagged Vehicles
<br />All vehicles titled in your name on January I which are not licensed
<br />should be reported in this section. Vehicles do not include fork lifts or
<br />commercial and industrial tractor. These should be included under
<br />machinery and equipment in Schedule A, Group (1).
<br />The vehicle identification number (VIN) must be included for each vehicle. If
<br />a body such as a dump truck, special equipment, or crane is mounted on the
<br />vehicle, list the body separately showing the total installed cost and the year
<br />acquired. If your records do not allow you to do this, you may list the truck
<br />and body as one unit, but indicate you have done so.
<br />*Important — All standard licensed vehicles will be billed through a separate
<br />process, and therefore, should not be listed under Schedule B of this form.
<br />However, all multi -year and IRP tagged vehicles should be listed.
<br />Schedule C— Detail of Acquisitions and /or Disposals
<br />All machinery, equipment, furniture, fixtures, and computers /software
<br />acquired since January 1, 2013 should be itemized showing the total installed
<br />cost of each item. in addition, all disposals made since January 1, 2013
<br />Should be itemized in detail in the appropriate columns. IMPORTANT: The
<br />acquisition year and original cost must be given for disposals.
<br />Schedule D — Detail of Additions and /or Deletions to
<br />Leasehold Improvements
<br />Describe any additions or deletions to leasehold improvements taking care to
<br />itemize so that real and personal property can be differentiated. State the
<br />owner of the real property and its location. Please list any new construction or
<br />improvements to real estate ifapplicable.
<br />Fo-ft OC- FS5x11 -I01, APP: OCBUSI.S'I'
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<br />Schedule E — Lensed Property or Other Property in Your
<br />Possession That Is Owned by Others
<br />Leased Equipment — If you had any personal property owned by others in
<br />Your possession on January 1, you must report the owner, property
<br />description, lease information, and selling price new. Examples: copiers,
<br />vending equipment, business machines, computers, machinery, furniture,
<br />game machines, and postage meters.
<br />Leased Vehicular Equipment— Report vehicles of all types that were in your
<br />possession on January 1. Name of owner, year, make, vehicle identification
<br />or serial number, date of lease, special bodies or equipment, and selling price
<br />new must be given.
<br />Schedule F— Other Miscellaneous Personal Property
<br />Aircraft owned by you on January i must be reported showing the model year,
<br />manufacturer, model or series, hanger or tic-down location, original cost, and
<br />date acquired. Additional equipment and avionics not included in the original
<br />cost should be listed separately.
<br />Boats and boat motors owned by you on January i must be listed showing
<br />year, make, size, marina or other location, date acquired and cost, including
<br />any trade -in or equipment added.
<br />Mobile homes or mobile offices owned by you on January i must be reported
<br />showing year, make, size, mobile home park location, date acquired, and cost.
<br />Schedule G— Resale Value of All Other Farm Equipment
<br />Please state the January 1 resale value of all farm equipment not listed in
<br />Schedule A, Group (1).
<br />Schedule H— Billboards and Outdoor Advertising Structures
<br />Please provide details regarding billboards and outdoor advertising structures
<br />on a separate schedule 1-I -1 which may be obtained on Orange County's
<br />websile: \vwnv.oran eg COLIntLaov /assessor
<br />Affirmation
<br />If the form is not signed by an authorized person, it will be rejected and could
<br />be subject to penalties. The Affirmation section describes who may sign the
<br />listing form.
<br />Any person who willfully attempts, or who willfillly aids or abets any person
<br />to attempt, in any manner to evade or defeat the taxes imposed under
<br />Subchapter II of Chapter 105 of the Revenue Laws, whether by removal or
<br />concealment of property or otherwise, shall be guilty of a Class 2
<br />misdemeanor (punishable by imprisonment up to 6 months).
<br />All listings are subject to being audited at any time. Returns are routinely
<br />compared to state tax returns as filed with the North Carolina Department of
<br />Revenue.
<br />Mailing
<br />Tax listing forms should be completed and returned to:
<br />Orange County Tax Office
<br />Business Section
<br />P.O. Box 8181
<br />Hillsborough, NC 27278
<br />Listings submitted by mail are deemed to be tiled as of the date shown on the
<br />postmark affixed by the U.S. Postal Service. If no date is shown on the
<br />postmark, or if the postmark is not affixed by the U.S. Postal Service (for
<br />instance your own postage meter) the listing shall be deemed to be filed when
<br />received in the office ofthe assessor.
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