Available in All Alaska Counties
Taxscribe transforms tax management for business owners and CPAs in Alaska, 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 Alaska’s tax compliance requirements.
Available Forms:
- - Business Personal Property Return
What is Business Personal Property?
Business personal property is composed of tangible assets, other than real property, held for use in a business. Taxable business personal property includes, but is not limited to; inventory, supplies, furniture, fixtures, equipment, leasehold improvements, and rental furnishings.
Business personal property is composed of tangible assets, other than real property, held for use in a business. Taxable business personal property includes, but is not limited to; inventory, supplies, furniture, fixtures, equipment, leasehold improvements, and rental furnishings.
Who should file a Personal Property Return?
Every person or business that owns or controls taxable business personal property on January 1 within the boundaries of a local taxing jurisdiction is required to file a return.
Every person or business that owns or controls taxable business personal property on January 1 within the boundaries of a local taxing jurisdiction is required to file a return.
When you should file:
The filing deadline for BPP in Alaska varies by municipality. Please check with your local municipality to determine your filing deadline.
The filing deadline for BPP in Alaska varies by municipality. Please check with your local municipality to determine your filing deadline.
Extensions:
You must contact your local assessor’s office directly to determine their specific extension process and deadlines.
You must contact your local assessor’s office directly to determine their specific extension process and deadlines.
Exemptions:
The Business Property Exemption provides a tax exemption of $100,000 of assessed value for business personal property.
The Business Property Exemption provides a tax exemption of $100,000 of assessed value for business personal property.
Important Notes:
- There is a 10% penalty on the tax amount for not filing the assessment form timely and a 20% penalty for not filing at all.
- Business personal property tax is administered at the local level in Alaska, so the form name, filing deadline, and filing extensions vary by municipality.
- All questions should be directed to your local assessor.
- There is a 10% penalty on the tax amount for not filing the assessment form timely and a 20% penalty for not filing at all.
- Business personal property tax is administered at the local level in Alaska, so the form name, filing deadline, and filing extensions vary by municipality.
- All questions should be directed to your local assessor.
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