Ref-01743 DR-405

Description:

Form Title: Tangible Personal Property Tax Return

Related Rules

• 12D-16.002 Index to Forms

Related Notices

• 19559097.The purpose of amending this rule is to implement statutory changes enacted in the 2017 legislative session and to update forms for statutory compliance. Amended forms include Form DR-403EB (The (tax year) Ad Valorem Assessment Rolls Exemption Breakdown of ____County, Florida), which adds new exemptions for the property appraiser to identify the number and value of exemptions for the tax roll certification. The amended forms also include Form DR-403V (The (tax year) Revised Recapitulation of the Ad Valorem Assessment Roll, Value Data), which adds the new exemption types to the current list and updates line references for calculations. The amended forms also include Form DR-405 (Tangible Personal Property Tax Return), to add line 24 to include renewable energy source devices; update the schedules on page 2 of the form to include new line 24, the legislature enacted in section 3 of Chapter 2017-118, L.O.F.; and include the new inventory definition the legislature enacted in Chapter 2017-36, L.O.F. The amended forms further include two forms in the DR-489 series, which property appraisers use in the preliminary tax roll certification process, to add exemptions to the current list on the DR-489EB (The (tax year) Ad Valorem Assessment Rolls Exemption Breakdown of ____ County, Florida), and to correct line references for calculations and add to the exemptions listed on Form DR-489V (The (tax year) Preliminary Recapitulation of the Ad Valorem Assessment Roll, Value Data.) Amendments to Form DR-501 (Original Application for Homestead and Related Tax Exemptions), incorporate exemptions the legislature enacted in Chapter 2017-105, L.O.F., and other statutory changes as needed. Amendments to Form DR-504 (Ad Valorem Tax Exemption Application and Return), incorporate changes the legislature enacted in Chapter 2017-36, L.O.F., which amended s. 196.1978, F.S., adding an exemption for affordable housing property in a multi-family project and other statutory changes as needed. The effect of these proposed amendments is that affected parties will have updated forms available that comply with current law.