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Leasing Company Information
Leasing companies are encouraged to file electronically using Microsoft Excel. The file should include the following data: identification number assigned by your company, the physical address of the asset, the description of the asset, the Municipality of Anchorage schedule number 1-21 (see the 2008 Business Property Assessment Return for more information), the year of acquisition of the asset, and the original installed cost of the asset.
Business Property Assessment Returns are not due until April 20th; however, the Personal Property Section will accept electronic files anytime after January 1st of the tax year. Files can be submitted via email to wwbpp@muni.org or sent by disk to the Personal Property Section, Municipality of Anchorage, PO Box 196650, Anchorage, AK 99519-6650.
Be advised that assets leased to military installations or other exempt entities are not exempt. You must report these assets and they will be assessed. In addition, the Personal Property Section does not recognize or enforce private agreements purporting to transfer the responsibility to file on business assets. If the assets are not reported, the Personal Property Section will file an involuntary return for the lessor of the assets, subject to the 10% late penalty.
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