Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 4.2 - ASSESSMENT OF TANGIBLE PERSONAL PROPERTY
Rule 2 - Filing Requirements
Section 2-8 - Short form returns
Current through March 20, 2024
Authority: IC 6-1.1-31-1
Affected: IC 6-1.1-3-7
Sec. 8.
When the assessed value of personal property required to be reported in a township is less than one hundred fifty thousand dollars ($150,000), the taxpayer may elect to file Form 103-Short Form (section 9 of this rule) if:
(1) the business is not a manufacturer or processor;
(2) no exemptions or deductions are claimed that affect the business personal property assessment; and
(3) no special valuation adjustments, such as equipment not placed in service, special tooling, permanently retired equipment, interstate carrier mileage allocation, or abnormal obsolescence, are claimed in determining the value of the business personal property.
