ARKANSAS PUBLIC SERVICE COMMISSION TAX DIVISION

  • 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
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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

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PERSON TO WHOM CORRESPONDENCE CONCERNING THIS REPORT SHOULD BE DIRECTED:

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  • REPORT MUST BE FILED WITH THIS DIVISION ON OR BEFORE MARCH 1, 2025

Identity of Respondent

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  • Please state the full and exact name of respondent making this report

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  • 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?
  • Has the Respondent sold, disposed of or retired any significant part of its operating assets during the past year?
  • Has the Respondent acquired any significant operating assets (e.g. large fleet purchases or company acquisitions) during the past year?

PRE-ASSESSMENT HEARING

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  • Do you request a pre-assessment hearing?
  • 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. 

  • 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.

     

















  • Drop files here
  • The "Barge Line Vessel List" Excel document can be found here: apsc.arkansas.gov/tax-division/tax-forms-references/

  • Boats

    Owned
    $
    $
    $
    Leased
    $
    $
    $
    Leased to Others
    $
    $
    $
  • Barges

    Owned
    $
    $
    $
    Leased
    $
    $
    $
    Leased to Others
    $
    $
    $
  • Betterments

    Owned
    $
    $
    $
    Leased
    $
    $
    $
    Leased to Others
    $
    $
    $
  • SITUS PROPERTY - ARKANSAS

    Give below in the appropriate column the information requested as to personal property with a situs in Arkansas.

  • Situs Property

    Miscellaneous Personal Property
    $
    $

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    In City Limits?

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    Materials and Supplies
    $
    $

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    In City Limits?

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    Office machines, Furniture, Express and Freight Cars
    $
    $

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    In City Limits?

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    Refueling Equipment
    $
    $

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    In City Limits?

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    Motor Vehicles
    $
    $

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    In City Limits?

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  • Do you own or lease real property in Arkansas?
  • REMEMBER!

    If situs values are given, a separate worksheet will be sent before the values are certified to the counties.


  • 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

    Total Miles Traveled

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  • Indicate Each River System Travelled During Year

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  • 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?
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  • Date Selection