2017-02-28_REPORT - M2014063 - Laserfiche WebLink

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INSTRUCTIONS FOR COMPLETING EARTH OR STONE PRODUCTS REAL AND PERSONAL PROPERTY DECLARATION SCHEDULE,DS 648 A.NAME AND ADDRESS: Write any corrections to the preprinted name/address information under Change of Name or Address. If you are not the current business owner, please list the name and address of the new owner in the appropriate box. Also, list the date that the property was sold to the new owner. PROPERTY LOCATION/LEGAL DESCRIPTION: If not preprinted, enter the actual physical location/legal description of all real and personal property you own in the county. This includes property owned by you or under your control or in your possession as of January 1. Indicate if there has been a change in location. List any additional property locations. B. OPERATION: Complete this section by providing your business start-up date and primary product or service. BUSINESS STATUS: Check the box that best describes the status of your business and property. C.PRODUCTION: Please list the description, volume, royalty rate (per ton OR per cubic yard), and retail sale price (per ton OR per cubic yard) of any earth or stone extracted during the preceding calendar year. Do not include overburden. If both sand and gravel and borrow are extracted, please list each product on a separate line. Borrow is defined as material, which subsequent to extraction, is usually not processed in any manner prior to sale or use. If this earth or stone operation is on leased land, please indicate the current royalty rate paid. D.LEASE AND PERMIT INFORMATION: If the property is leased, submit the information pertaining to the lease. Please indicate the Colorado Division of Reclamation, Mining and Safety(DRMS)permit number. E.LAND INFORMATION: Please indicate the: ■ Number of acres under permit by the DRMS ■ Number of acres affected by the mining operation as of January 1, and ■ Estimated life of the deposit in years. F. LISTING OF REAL PROPERTY IMPROVEMENTS: List the: ■ Description and location of all buildings, fixtures, and leasehold improvements ■ Construction or installation date ■ Your Original Installed Cost. The taxpayer may attach statements or accounting records to describe this property. G.LISTING OF PERSONAL PROPERTY: Natural resources personal property includes equipment, furniture, or machinery that is used in the: ■ Exploration ■ Production ■ Milling ■ Processing, and/or■ Refining of natural resource products. If you are a first time filer, or are unsure as to whether the total actual value of your personal property per county exceeds $7,400, please contact the county assessor. Whether or not you file a declaration schedule, the assessor may select your business for an audit. NOTE: List ALL Personal Property including EXPENSED ASSETS WITH A LIFE OF GREATER THAN ONE YEAR AND FULLY DEPRECIATED ASSETS STILL IN USE THAT ARE SUBJECT TO IRS DEPRECIATION. You should also submit any relevant market value, rent, or lease information. "CONSUMABLE" PERSONAL PROPERTY EXEMPT FROM TAXATION: Pursuant to § 39-3-119, C.R.S., personal property items that are classified as "consumable" as defined in ARL Volume 5, Chapter 2, are exempt from taxation and should NOT be listed on this declaration. "Consumable" personal property is defined as any item having a life of one(1) year or less regardless of cost, and any item with a life longer than one year that has a reasonable original installed cost or market value in use of$350 or less at the time of acquisition. The $350 limitation applies to personal property that is completely assembled and ready to perform the end user's intended purpose(s) and it includes all acquisition costs, installation costs, sales/use taxes, and freight expenses.