Tangible personal property includes furniture, fixtures, machinery, tools, and any other equipment used in a business or to earn an income.
Tangible personal property returns are mailed on January 1 of each year. The return forms must be postmarked no later than April 1 to avoid penalties.
The penalties are 5% for each month or part thereof that they are received late, up to a maximum of a 25% penalty. Extensions may be granted up to May 15, but extension requests must be received by April 1 and must state the reason for the request. The parcel number, business name, and location of the business are required.