New Submission

TO: Barge/Water Transport Companies
FROM: Charles Adams, Assistant Director, Tim Blaylock, Financial Analyst
DATE: January 1, 2025
RE: Arkansas Annual Ad Valorem Tax Report
This is the 2025 Arkansas Annual Ad Valorem Tax Report online form. Failure to submit this online form will result in the report being considered incomplete.

The Report is not considered filed until a signed, completed copy containing all information required (in the manner prescribed on each page) has been submitted. No substitute forms or substitute pages will be accepted. Attachments may be included that provide additional documentation or explanations related to information submitted on the Report form.

Note the instructions for the Equipment Tables on pages 4, 4a, and 4b regarding depreciation lives and rates. All respondents should report equipment using the stated methods.

Extensions of time to file the Report may be granted for good cause. All requests for extensions must be in writing and must be submitted to the Director of the Tax Division. If a request for an extension of time is granted, you will be notified in writing by the Tax Division. If a properly completed Annual Report is not received by the Tax Division by the due date, or the extended due date, the company will be considered delinquent and will be subject to the penalties provided in Ark. Code Ann. §26-26-1604.

If you use an outside agent or consultant to complete the Report forms, the outside agent or consultant is required to sign and date the last page of the Report. In addition, a form authorizing the agent or consultant to act on your behalf must be submitted to the Tax Division before the Division will release any information regarding your filing or assessment to the agent or consultant. This Agent Authorization form may be obtained at apsc.arkansas.gov/tax-division/tax-forms-references/. If an extension of time to file is requested, the authorization form must be submitted with the request.

If you have any questions regarding the forms or other filing requirements, please contact our office. We appreciate your cooperation in filing the Annual Report.

ANNUAL AD VALOREM TAX REPORT
of
Name of Company*field type single line
Please enter the exact name of Company making this report
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to the

TAX DIVISION

of the

ARKANSAS PUBLIC SERVICE COMMISSION

P.O. BOX 8021
LITTLE ROCK, AR 72203
Telephone Number: 501-682-1231
Fax Number: 501-682-6043
E-Mail Address: tax@arkansas.gov
http://www.apscservices.info/tax/

YEAR
2025
BL Numberfield type single line
Leave blank if a BL number has not be assigned
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Location of Company's principal office*field type address
Street Address
Address Line 2
City
State / Province / Region
Postal / Zip Code
Country
Location of principal office in Arkansasfield type address
Street Address
Address Line 2
City
State / Province / Region
Postal / Zip Code
Country

PERSON TO WHOM CORRESPONDENCE CONCERNING THIS REPORT SHOULD BE DIRECTED:

First Name*field type single line
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Middle Initialfield type single line
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Last Name*field type single line
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Suffixfield type drop-down
Telephone Number*field type single line
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Fax Numberfield type single line
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Internet Addressfield type single line
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Email Addressfield type email
REPORT MUST BE FILED WITH THIS DIVISION ON OR BEFORE MARCH 1, 2025

Identity of Respondent

Please state the full and exact name of respondent making this report
First Name*field type single line
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Last Name*field type single line
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Middle Initialfield type single line
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Suffixfield type drop-down
Address of Respondentfield type address
Street Address
Address Line 2
City
State / Province / Region
Postal / Zip Code
Country
Legal Entityfield type drop-down
Partnership
×
- If a partnership, state names and addresses of at least two partners:
- Partner First Namefield type single line
  Input blocked. Maximum character limit of 4000 characters reached.
- Partner Last Namefield type single line
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- Partner Addressfield type address
  Street Address
  Address Line 2
  City
  State / Province / Region
  Postal / Zip Code
  Country
Add

State all classes of public service furnished by Respondentfield type multi line
Did the Respondent conduct any part of its business under another name, changed its name, was sold to or merged into another company during the past year?field type radio button
Did the Respondent conduct any part of its business under another name, changed its name, was sold to or merged into another company during the past year?YesNo
New Company Namefield type single line
Input blocked. Maximum character limit of 4000 characters reached.
Please Explainfield type multi line
Name of parent company or corporation, if any:field type single line
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Has the Respondent sold, disposed of or retired any significant part of its operating assets during the past year?field type radio button
Has the Respondent sold, disposed of or retired any significant part of its operating assets during the past year?YesNo
Please explainfield type multi line
Has the Respondent acquired any significant operating assets (e.g. large fleet purchases or company acquisitions) during the past year?field type radio button
Has the Respondent acquired any significant operating assets (e.g. large fleet purchases or company acquisitions) during the past year?YesNo
Please Explain Acquisitionfield type multi line

PRE-ASSESSMENT HEARING

You have the right to appear before the Tax Division to be heard in the matter of the valuation of your property before the assessment is finalized.

Do you request a pre-assessment hearing?*field type radio button
Do you request a pre-assessment hearing?YesNo
How would you prefer to hold the pre-assessment hearing?field type radio button
How would you prefer to hold the pre-assessment hearing?TelephoneOffice
All correspondence regarding the pre-assessment hearing and the preliminary worksheet will be sent to the person designated on the cover of the report to receive all correspondence.
Preferred method of contact:field type radio button
Preferred method of contact:EmailFaxU.S.Mail
Remarksfield type multi line

AD VALOREM ASSESSMENT AND TAXATION OF WATER TRANSPORTATION COMPANIES
Ark. Code Ann. §§ 26-26-1601 - 1616
All real and personal property used in the operation of water transportation carriers within this state shall be assessed for ad valorem taxation by the Tax Division. Water transportation carrier is any person, firm, company, co-partnership, cooperative, association, or corporation engaged in the business of transporting for hire property by boat, barge or other watercraft, over any waterway, whether natural or artificial, within the state.
On or before March 1 of each year, all water transportation carriers operating in Arkansas must file an annual report with the Tax Division showing all property used or held for use in the operation of water transportation as of January 1 next preceding the filing of the annual report.
Any carrier that fails to file an Annual Report on or before March 1st or the extended due date will be subject to a penalty as provided in Ark. Code Ann. §26-26-1604.
Current forms are mailed out annually and can be found on our website www.aspscservices.info/tax. Failure to file using a current report form will result in the report being considered incomplete.
Incomplete Reports, including Reports that do not have all necessary attachments, are delinquent and will be subject to a penalty.
The Tax Division values all property of a water transportation carrier as a unit, whether all or only a part of that property is within this state. The water transportation carrier must list all owned and leased boats, barges, and betterments used or held for use on January 1.
Depreciated Value
The depreciated value of all boats shall be calculated using a 20 year life with a 10% residual value which is a 4.5% per year straight line depreciation.

The depreciated value of all barges shall be calculated using a 25 year life with a 10% residual value which is a 3.6% per year straight line depreciation.

The depreciated value of all betterments shall be calculated using a 7 year life with a 10% residual value which is 12.85% per year straight line depreciation.

After determining the true market or actual value of the entire property, the Tax Division fixes the value of the total operating property in this state. The Arkansas value of the company's property is the system value allocated to Arkansas based on the percentage of miles traveled in this state.

The Division may also determine the state value by using other recognized methods that will result in an equitable apportionment of value to this state. Assessed value is 20% of the Arkansas portion of the true market or actual value.

A notice of the assessment will be mailed to the person designated on the first page of the report to receive correspondence. Any carrier that is dissatisfied with the assessment made by the Tax Division and approved by the Arkansas State Highway Commission may file a written petition for review with the Arkansas State Highway Commission. A petition for review must be filed within thirty (30) days of the date of the notice of assessment. All hearings on a petition for review shall be had before the Arkansas State Highway Commission or its agent, on or before December 31st of the assessing year.

Please upload the "Barge Line Vessel List" Excel document.*field type file upload
Drop files here
You have reached the maximum file limit: 10.
The "Barge Line Vessel List" Excel document can be found here: apsc.arkansas.gov/tax-division/tax-forms-references/

Boats

20 Year Life with a 10% Residual Value. This equates to 4.5% per year for straight Line Depreciation

	Total Costfield type currency	Total Accumulated Deprfield type currency	Total Net Depr Costfield type currency
Owned	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $
Leased	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $
Leased to Others	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $

Please fill in Totals from the Excel Report.

Barges

25 Year Life with a 10% Residual Value. This equates to 3.6% per year for straight Line Depreciation

	Total Costfield type currency	Total Accumulated Deprfield type currency	Total Net Depr Costfield type currency
Owned	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $
Leased	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $
Leased to Others	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $

Please fill in Totals from the Excel Report.

Betterments

7 Year Life with a 10% Residual Value. This equates to 12.85% per year for Straight Line Depreciation

	Total Costfield type currency	Total Accumulated Deprfield type currency	Total Net Depr Costfield type currency
Owned	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $
Leased	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $
Leased to Others	Total Costfield type currency $	Total Accumulated Deprfield type currency $	Total Net Depr Costfield type currency $

Please fill in Totals from the Excel Report.

SITUS PROPERTY - ARKANSAS
Give below in the appropriate column the information requested as to personal property with a situs in Arkansas.
Situs Propertyfield type checkbox
Situs PropertyMiscellaneous Personal PropertyMaterials and SuppliesOffice machines, Furniture, Express and Freight CarsRefueling Equipment*Motor Vehicles

Situs Property

	Original Costfield type currency	Present Valuefield type currency	Countyfield type single line	In City Limits?field type radio button	School Dist. No.field type single line
Miscellaneous Personal Property	Original Costfield type currency $	Present Valuefield type currency $	Countyfield type single line Input blocked. Maximum character limit of 4000 characters reached.	In City Limits?field type radio button In City Limits?YesNo	School Dist. No.field type single line Input blocked. Maximum character limit of 4000 characters reached.
Materials and Supplies	Original Costfield type currency $	Present Valuefield type currency $	Countyfield type single line Input blocked. Maximum character limit of 4000 characters reached.	In City Limits?field type radio button In City Limits?YesNo	School Dist. No.field type single line Input blocked. Maximum character limit of 4000 characters reached.
Office machines, Furniture, Express and Freight Cars	Original Costfield type currency $	Present Valuefield type currency $	Countyfield type single line Input blocked. Maximum character limit of 4000 characters reached.	In City Limits?field type radio button In City Limits?YesNo	School Dist. No.field type single line Input blocked. Maximum character limit of 4000 characters reached.
Refueling Equipment	Original Costfield type currency $	Present Valuefield type currency $	Countyfield type single line Input blocked. Maximum character limit of 4000 characters reached.	In City Limits?field type radio button In City Limits?YesNo	School Dist. No.field type single line Input blocked. Maximum character limit of 4000 characters reached.
Motor Vehicles	Original Costfield type currency $	Present Valuefield type currency $	Countyfield type single line Input blocked. Maximum character limit of 4000 characters reached.	In City Limits?field type radio button In City Limits?YesNo	School Dist. No.field type single line Input blocked. Maximum character limit of 4000 characters reached.

Do you own or lease real property in Arkansas?*field type radio button
Do you own or lease real property in Arkansas?YesNo
REMEMBER!
If situs values are given, a separate worksheet will be sent before the values are certified to the counties.

Form TD-80V

Vehicles are not assessed as individual units; they are a part of the company's total assessment. The below list will be submitted to the Department of Motor Vehicles to assist in tag renewal.

	Primary Arkansas County of Registrationfield type single line	Yearfield type single line	Makefield type single line	Modelfield type single line	VIN Numberfield type single line
Row 1×	Primary Arkansas County of Registrationfield type single line Input blocked. Maximum character limit of 4000 characters reached.	Yearfield type single line Input blocked. Maximum character limit of 4000 characters reached.	Makefield type single line Input blocked. Maximum character limit of 4000 characters reached.	Modelfield type single line Input blocked. Maximum character limit of 4000 characters reached.	VIN Numberfield type single line Input blocked. Maximum character limit of 4000 characters reached.	×

Add

DISTRIBUTION SCHEDULE - REAL PROPERTY - FORM TD-51

Description and original new cost of all land (other than rights-of-way), and all buildings and structures thereon owned or controlled and used in utility or carrier operations by Respondent in Arkansas.
*Values here should be based on original cost plus additions, less withdrawals, plus/minus adjustments and before depreciation and match the numbers used on pages 4, 6, 7 or 9 (Arkansas Property), depending on the industry. Group all property according to its School District Name and Number.

Legal Description of Land

	Part of Block or Sectionfield type single line	Lot or Sectionfield type single line	Block or Townshipfield type single line	Survey, Addition, or Rangefield type single line	In or Out of Cityfield type single line	List City if In City Limitsfield type single line	No. Acres or Lotsfield type single line	100%Cost Land onlyfield type currency	20% Cost Land Onlyfield type currency
Row 1×	Part of Block or Sectionfield type single line Input blocked. Maximum character limit of 4000 characters reached.	Lot or Sectionfield type single line Input blocked. Maximum character limit of 4000 characters reached.	Block or Townshipfield type single line Input blocked. Maximum character limit of 4000 characters reached.	Survey, Addition, or Rangefield type single line Input blocked. Maximum character limit of 4000 characters reached.	In or Out of Cityfield type single line Input blocked. Maximum character limit of 4000 characters reached.	List City if In City Limitsfield type single line Input blocked. Maximum character limit of 4000 characters reached.	No. Acres or Lotsfield type single line Input blocked. Maximum character limit of 4000 characters reached.	100%Cost Land onlyfield type currency $	20% Cost Land Onlyfield type currency $	×

Add

100% Land Cost Totalfield type currency
$
20% Land Cost Totalfield type currency
$

Description of Building & Structures

	Purpose For Which usedfield type single line	100% Cost Value Bldg. & Structuresfield type currency	20% Cost Value Bldg. & Structuresfield type currency
Row 1×	Purpose For Which usedfield type single line Input blocked. Maximum character limit of 4000 characters reached.	100% Cost Value Bldg. & Structuresfield type currency $	20% Cost Value Bldg. & Structuresfield type currency $	×

Add

100% Building & Structure Cost Totalfield type currency
$
20% Building & Structures Cost Totalfield type currency
$

All information should be as of January 1,
Allocation of Property for Purpose of Assessment

The System mileage totals must include all miles traveled outside the state, as well as those miles traveled within the state. Arkansas miles are to include those miles operated on navigable waters within Arkansas as well as one-half of those miles operated on the Mississippi River within the boundaries of Arkansas, or between miles 507 and 828.

Mileage Reported

Aggregate mileage, not linear miles

	Arkansas Miles*field type number	Total System Miles*field type number	Arkansas Ratiofield type number	Arkansas Ratiofield type single line
Total Miles Traveled	Arkansas Miles*field type number	Total System Miles*field type number	Arkansas Ratiofield type number This field contains a calculation error. References: Mileage Reported Arkansas Miles, Mileage Reported Total System Miles	Arkansas Ratiofield type single line Input blocked. Maximum character limit of 4000 characters reached.

Indicate Each River System Travelled During Yearfield type checkbox
Indicate Each River System Travelled During YearArkansas River (McClellan Kerr Waterway)White RiverOuachita RiverMississippi River
(1) GRAND TOTAL - Value of Respondent's Boats and Barges (Owned and Leased) in all states. Include all equipment used in total company operations, not just that part used in Arkansasfield type currency
$
(2) Less Leased to Others - Value of Respondent's Barges and Boats(Owned and Leased) in all states. Deduct from the total Boats and/or Barges owned by your company but leased to others and not used in your company's operations on January 1.field type currency
$
(3) Total Value of Respondent's carrier property, used or held for use, in carrier operations in all states.field type currency
$
(5) Percentage of Arkansas miles travelled to System Miles.field type single line
Input blocked. Maximum character limit of 4000 characters reached.
(6) Arkansas' portion of the fair market value of real and personal property used or held for use in carrier operations in Arkansas.field type currency
$

Boatsfield type currency
$
Bargesfield type currency
$
Bettermentsfield type currency
$
Sub Totalfield type currency
$
Less: Boats Depreciationfield type currency
$
Less: Barges Depreciationfield type currency
$
Less: Betterments Depreciationfield type currency
$
Net Boat Propertyfield type currency
$
Net Barges Propertyfield type currency
$
Net Betterments Propertyfield type currency
$
Total Propertyfield type currency
$
Net Boat Property Leased to Othersfield type currency
$
Net Barge Property Leased to Othersfield type currency
$
Net Betterment Property Leased to Othersfield type currency
$
Total: Boat, Barges and Betterment leased to otherfield type currency
$
Totalfield type currency
$
Arkansas Mileage Ratiofield type single line
Input blocked. Maximum character limit of 4000 characters reached.
Total x Mileage Ratiofield type currency
$
Assessment Ratiofield type single line
Input blocked. Maximum character limit of 4000 characters reached.
(Total x Mileage Ratio) x Assessment Ratiofield type currency
$
2025 Assessmentfield type currency
$

Arkansas Code Ann.§ 26-26-1605 states in valuing the property of persons,firms, companies, copartnerships, associations, and corporations, the division shall take into consideration the value of all the property of the company as a unit, whether all or only a part of it is within this state.
ALL REPORTS MUST BE SIGNED IN ACCORDANCE WITH ACT 1002 OF 1997
I DECLARE UNDER THE PENALTIES OF PERJURY, THAT THE FOREGOING STATEMENTS ARE TRUE TO THE BEST OF MY KNOWLEDGE AND BELIEF.
Is this report completed by an authorized agent or person not directly affiliated with respondent?*field type checkbox
Is this report completed by an authorized agent or person not directly affiliated with respondent?YesNo
IF NOT AUTHORIZED, COMPLETE "AGENT AUTHORIZATION" FORM AND SEND TO TAX@ARKANSAS.GOV.
DOWNLOAD FORM HERE: apsc.arkansas.gov/tax-division/tax-forms-references/
Companyfield type single line
Input blocked. Maximum character limit of 4000 characters reached.
First Name*field type single line
Input blocked. Maximum character limit of 4000 characters reached.
Last Name*field type single line
Input blocked. Maximum character limit of 4000 characters reached.
Titlefield type single line
Input blocked. Maximum character limit of 4000 characters reached.
Signature*field type signature
Datefield type date

ARKANSAS PUBLIC SERVICE COMMISSION TAX DIVISION

PERSON TO WHOM CORRESPONDENCE CONCERNING THIS REPORT SHOULD BE DIRECTED:

Identity of Respondent

Partnership

Corporation

Other

Individual

PRE-ASSESSMENT HEARING

Boats

Barges

Betterments

Situs Property

Form TD-80V

DISTRIBUTION SCHEDULE - REAL PROPERTY - FORM TD-51

Legal Description of Land

Description of Building & Structures

Mileage Reported

Hidden