Are depreciation schedules included with the business property tax return considered public information?

Depreciation schedules included with business property tax returns are not considered public information. This is because these schedules often contain sensitive financial details and proprietary information that businesses may not want to be disclosed to the public. The confidentiality of this data is generally protected to encourage transparency in reporting while safeguarding the financial privacy of businesses. By not being classified as public information, it prevents potential misuse of the information by competitors or the public.

In many jurisdictions, tax return information, including specific details like depreciation schedules, is typically kept confidential between the taxpayer and the tax authority to promote compliance without fear of exposing sensitive financial information.