Who is Required to File Tangible Returns?
Every person, firm, corporation, etc., owning, leasing, managing, having control or custody, direction or supervision of any tangible personal property in Highlands County is required to file a return when: • The value of your Tangible Personal Property exceeds $25, 000 on January 1. • You have an existing business and did not file a TPP return in 2008. • You have a new business and have never filed a TPP return before. If you file the TPP return and the value of your business property remains less than $25,000 you will not have to file a Tangible Personal Property Return in the future.
