Kentucky Personal Property Tax

Kentucky forms and schedules

Calculating forms:
Form 62A500 — Tangible Personal Property Tax Return
Form 62A500-A — Tangible Personal Property Tax Return (Aircraft)
Form 62A500-W — Tangible Personal Property Tax Return (Documented Watercraft)
Form 62A500-S1 — Automobile Dealer's Inventory Listing For Line 34
Form 62A500-M1 — Boat Dealer's Used Inventory Listing For Line 31
Non-calculating forms:
Form 62A500-C — Consignee Tangible Personal Property Tax Return
Form 62A500-L — Lessee Tangible Personal Property Tax Return

Depreciation treatments required for all KY PPT assets

Associations required for all KY PPT assets

Situs:
Each asset needs to have
Kentucky
selected as the
Situs
to transfer to the Kentucky Personal Property Tax return.
Location:
Enter the address of where the property is located. A property tax return is created for each location entered. This information transfers to the
Property Location
on Form 62A500, 62A500-A, or 62A500-W. The maximum number of characters that transfer is 35.
County - KY:
Select the county the asset is located.
note
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified.
PPT type - KY:
Enter the personal property type for the asset. Assets with the following property types transfer to Form 62A500.
Schedule A - Class I
Schedule A - Class II
Schedule A - Class III
Schedule A - Class IV
Schedule A - Class V
Schedule A - Class VI
Schedule B - Class I
Schedule B - Class II
Schedule B - Class III
Schedule B - Class IV
Schedule B - Class V
Schedule B - Class VI
Industrial revenue bond - Class I
Industrial revenue bond - Class II
Industrial revenue bond - Class III
Industrial revenue bond - Class IV
Industrial revenue bond - Class V
Industrial revenue bond - Class VI
Livestock & farm equip - Class I
Livestock & farm equip - Class II
Livestock & farm equip - Class III
Livestock & farm equip - Class IV
Livestock & farm equip - Class V
Livestock & farm equip - Class VI
Recycling mach & equip - Class I
Recycling mach & equip - Class II
Recycling mach & equip - Class III
Recycling mach & equip - Class IV
Recycling mach & equip - Class V
Recycling mach & equip - Class VI
note
Assets with the Aircraft property type transfer to Form 62A500-A.
Assets with Watercraft property type transfer to Form 62A500-W.
Assets with the X - Exempt property type or blank don't transfer to any form.
The list for this association is maintained by UltraTax CS and Fixed Assets CS and can't be modified.
If the association fields are blank or you select
X - Exempt
, the asset won't transfer to Form 62A500.

Additional associations required for KY PPT assets

License/reg/cert#:
Enter the registration number for an airplane. This information transfers to the
Federal registration number
  in the Description section on Form 62A500-A. The maximum number of characters that transfer is 7.
Condition:
Enter the condition of the asset. This information transfers to the
Condition
on Form 62A500-A. The maximum number of characters that transfer is 9.
Year built:
Enter the year the asset was built. This information transfers to the
Year
in the Description section on Form 62A500-A. The maximum number of characters that transfer is 4.
Horsepower:
Enter the power of the asset. This information transfers to
Power
in the Description section on Form 62A500-A. The maximum number of characters that transfer is 15.
Serial #:
Enter the serial number of the asset. This information transfers to
Serial Number
on Form 62A500-A. The maximum number of characters that transfer is 22.
Aircraft - Make/mfr:
Enter the airplane's make or manufacturer. This information transfers to
Make
  on Form 62A500-A. The maximum number of characters that transfer is 20.
Aircraft - Model:
Enter the model of the aircraft. This information transfers to
Model
on Form 62A500-A. The maximum number of characters that transfer is 20.
Size:
Enter the size of the aircraft. This information transfers to
Size
in the Description section on Form 62A500-A. The maximum number of characters that transfer is 15.

License/reg/cert#:
Enter the registration number for the Coast Guard Number for watercraft. This information transfers to the
Coast Guard Number
in the Description section on Form 62A500-W. The maximum number of characters that transfer is 10.
Condition:
Enter the condition of the asset. This information transfers to the Condition field on Form 62A500-W. The maximum number of characters that transfer is 15.
Year built:
Enter the year the asset was built. This information transfers to the
Year
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 4.
Horsepower:
Enter the power of the asset. This information transfers to the
Motor Horse Power
in the Description section on Form 62A500-W. The maximum number of characters that transfer is 10.
Boat - Make/mfr:
Enter the make of the watercraft. This information transfers to the
Make
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 20.
Boat - Model/mfr:
Enter the model of the watercraft. This information transfers to the
Model
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 20.
Length:
Enter the length and the beam of the watercraft. This information transfers to the
Length and beam
field in the Description section on Form 62A500-W. The maximum number of characters that transfer is 20.