Form Ls-001 - Lessor Data Report - Wisconsin Department Of Revenue
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1
2Lessor Data Report
Mail To:
Wisconsin Department of Revenue
as of
Manufacturing & Utility Bureau
January 1, 20
2135 Rimrock Road MS 6-97
Madison WI 53713
ON OR BEFORE MARCH 1
Forms and related publications
are available on our website at
Column 6 – Cost or Price If the amount reported corresponds with the
current retail selling price new of the item being report, check the box in
front of “CURRENT SELLING PRICE NEW.”
If the amount reported corresponds with the original retail selling price
for the year of manufacture or year of acquisition, check the box in front
of “ORIGINAL SELLING PRICE.”
ADDRESS CORRECTION REQUESTED
If “COST OF ACQUISITION” is reported, check the appropriate box and
attach a note explaining the cost. When cost of acquisition represents
cost to manufacture, the Department will apply a multiplier to convert this
SPECIFIC INSTRUCTIONS
cost to retail selling price. When cost of acquisition represents wholesale
cost to purchase, the Department will apply a multiplier to convert this
To comply with Sec. 76.03, we are requiring all companies leasing
cost to retail selling price.
equipment to railroads, air carriers, pipelines, and association of municipal
electric companies, to report their property directly to the Wisconsin
If “SELLING PRICE PER LEASE” IS REPORTED, check the appropriate
Department of Revenue, Manufacturing & Utility Tax. DO NOT report
box and attach a note explaining the selling price. This explanation is
especially necessary regarding any lease-purchase agreements.
any utility-leased equipment on the Department’s Manufacturing Report
M-L (PA-750L), Schedule LL, Lessor Data Reporting Worksheet, since
utilities are not classified as manufacturers.
NOTE: If you check more than one box in either Column 5 or 6,
please identify which box applies to which asset.
Column 1 – Name of Lessee and Equipment Location (Address) Com-
plete this column for each item of equipment you have on lease to a utility.
Column 7 – Gross Rent If your lease specifies a monthly rental rate
check the appropriate box and enter the monthly gross rent figure.
Column 2 – Type of Equipment, Brand Name and Model Number of
Equipment Complete this column by indicating the general type of equip-
If your lease specifies an annual rental rate, check the appropriate box
ment that you are leasing to a utility. For example: typewriter, calculator,
and enter the annual gross rent figure.
lathe, fork lift truck, etc. Enter the brand name and model number of the
equipment. For example: if you are leasing a computer, HAL model 410,
Column 8 – January 1 Declared Value An estimate of market value
enter “Hal 410.”
must be reported.
Column 3 – Quantity Complete this column by entering the quantity of
IMPORTANT: To eliminate double assessments, please asterisk
identical equipment you are reporting. For example, if you are leasing 5
those leasing accounts which are being capitalized by the lessee.
identical typewriters to the same utility, enter 5 in column 3.
SPECIAL INSTRUCTION
Column 4 – Inception Date and Length of Lease Enter the month
and year the lease began and give the length of time the lease is for. For
Alternate Method for Completing Schedule LS-001
example, 10/01, 5 yrs.
As an alternate method of fulfilling the requirements of completing
Column 5 – Year If you are manufacturer/lessor of equipment, report the
Schedule LS-001 you may elect to submit a facsimile of the schedule or
year the item was manufactured and check the box in front of “YR MFG.”
a computer printout. In either case the substitute must contain all informa-
tion requested on Schedule LS-001. If you choose this alternate method
If you purchased the item that you are leasing to a utility, report the year
of reporting you must also sign the return, and file the return, along with
the purchase took place and check the box in front of “YR ACQUIRED.”
your substitute report.
I, the undersigned, declare under penalties of law that I have personally examined this return (including accompanying schedules,
statements, and declarations) and to the best of my knowledge and belief it is true, correct and complete.
Name of Lessor (print)
Title
Telephone Number
(
)
–
Signature
Print Name
Date
SIGN
HERE
Preparer (please print)
Title
Telephone Number
(
)
–
Signature
Print Name
Date
SIGN
HERE
LS-001 (R. 10-11)
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