Commissioner of the Revenue
Machinery and Tools Tax

Machinery and Tools Form 762M Business Equipment for manufacturers, wineries, broadcasting, processing, and laundries.

• Equipment and tools used in the manufacturing process or by the other businesses listed
• Filing deadline is March 15
• Billings are sent out and payments are due half by June 5 and half by December 5 (Non-prorated tax)
• Assessed on a sliding scale 60%, 50%, 40% and 30%
• Tax rate for Manufacturing is $2.00 per $100 of assessed value for 2008 (Subject to change each year)
• Report vehicles and delivery equipment separately to the Personal Property Division of the Commissioner of the Revenue Office