Wisconsin Personal Property Tax

Wisconsin forms

Form PA-003 - Statement of Personal Property
Form M-P - Manufacturing Personal Property Return

Depreciation treatments required for all WI PPT assets

Associations required for all WI PPT assets

Situs:

For each asset, you'll need to select

Wisconsin

in

Situs

to transfer to the Wisconsin Personal Property Tax return.

Location:

Enter the street address of the company where the assets are located. A property tax return is created for each location entered. This information transfers to the Form PA-003

Property Address

or the Form M-P

Street Address of Personal Property Location(s)

. The form type (Form Type - WI) determines which form is applicable. The maximum number of characters that transfer is 25.

Form type - WI:

Select the form the asset is reported on from the dropdown list. You can leave this blank for assets reported on Form PA-003 if

PPT type - WI

is completed.

PPT type - WI:

Select the personal property type for the asset from the dropdown list.

PPT type - WI (Mfg):

Select the personal property type for the asset from the dropdown list.

Property Type	Form
Sch B - Boats & watercraft	Form M-P, Page 4
Sch B - Exempt boats & watercraft	Form M-P, Page 4
Sch C - Computers, software & fax machines	Form M-P, Page 14
Sch C - Exempt computers, software & fax machines	Form M-P, Page 14
Sch D - Copiers, telephone systems & equip	Form M-P, Page 7
Sch D - Exempt copiers, telephone systems & equip	Form M-P, Page 7
Sch F - Furniture, fixtures & office equipment	Form M-P, Page 8
Sch LB - Buildings on leased land	Form M-P, Page 13
Sch LI - Leasehold improvements & building comp	Form M-P, Page 10
Sch LI - Non-taxable leasehold improvements & building comp	Form M-P, Page 10
Sch M - Exempt mach, tools, patterns & shop equip	Form M-P, Page 5
Sch M - Machinery, tools, patterns & shop equip	Form M-P, Page 5
Sch N - Boilers assessed as personal property	Form M-P, Page 6
Sch O - Non-taxable other property	Form M-P, Page 12
Sch O - Other property	Form M-P, Page 12
Sch O - Pallets	Form M-P, Page 12
Sch Y-P - Over-the-road vehicles	Form M-P, Page 3
Sch Y-P - Waste treatment	Form M-P, Page 3

Additional associations for WI PPT assets

Fair market value:
Used for Forms PA-003 and M-P only. Enter information when you use the
Schedule E - Buildings on leased land
or
Sch LB - Buildings on leased land
property types.
Useful life - Estimate:
Used for Forms PA-003 and M-P. Enter information when you use the
Schedule B - Boats & watercraft
(PA-003),
Schedule H - All other personal property
, or
Sch B - Boats & watercraft
(M-P) property types.