MT Department Of Revenue Sends Personal Property Reporting Information To Businesses
The Montana Department of Revenue is mailing out 2016 personal property reporting forms to business owners this week. Business and industrial taxpayers have until March 1, 2016, to report their business equipment or personal property to the department. You’ll need to file, even if there were no changes to your business equipment or if you closed or sold your business.
Businesses can either complete the form they receive and mail or deliver it back to the department, or they can report online at revenue.mt.gov.
“We encourage businesses to use our online reporting system because it’s a benefit to business,” said Cynthia Monteau Moore, Administrator, Property Assessment Division. “The online system is free, easy to use and saves time for businesses across the state trying to work efficiently.”
Last year was the first year businesses could file electronically and more businesses filed on time than the previous year. Whether a taxpayer filed electronically in 2015 or by paper, all of their reported business equipment for 2015 is prepopulated to our 2016 online reporting system.
Online reporting improves effectiveness in the delivery of public services, which is a key component of Governor Steve Bullock’s Main Street Montana Project. It creates an electronic repository that lets businesses access submissions from previous years. Businesses can also use the sort and filter functions to quickly locate assets that need to be updated or deleted. Finally, online reporting eliminates the cost of postage for businesses and gives them confirmation that we’ve received the report.
Businesses need to report heavy equipment, manufacturing and mining equipment, farm and ranch equipment, oil and gas equipment and miscellaneous equipment. For more information, visit revenue.mt.gov or call toll free 1-866-859-2254 or, in Helena, 444-6900.