What is business personal property? An email can be sent to the Personal Property Division.In essence, Business Personal Property is all property used in the course of doing business that is not exempt. What personal property is exempt? To access the forms below, you will need Adobe Acrobat Reader. Department of Revenue. Personal Property Forms ; 103 – Short, Business Tangible Personal Property Return, Dept. Calculating forms: Form 103 — Short Form — Business Tangible Personal Property Return. Form 103 — Long Form — Business Tangible Personal Property Return. Personal Property Forms ; 103 – Long, Business Tangible Personal Property Assessment Return, Dept.