Enlarge image | SCHEDULE OF DEDUCTION FROM ASSESSED FORM 103 – ERA JANUARY 1, 2024 VALUATION PERSONAL PROPERTY IN PRIVACY NOTICE For Assessor's Use Only ECONOMIC REVITALIZATION AREA This form contains confidential State Form 52503 (R21 / 1-24) information pursuant to IC 6-1.1-35-9. Prescribed by the Department of Local Government Finance INSTRUCTIONS: 1. In order to receive a deduction, this schedule must be submitted with a timely filed Form 103 – Long. 2. A separate schedule must be completed and attached to Form 103 – Long for each approved from SB-1/PP for the abatement. 3. Attach a copy of the applicable Form CF-1 to this schedule. First-time filings must also include the SB-1 and the resolution from the designating body. 4. For any acquisitions included herein since the last assessment date, attach a list of the newly included equipment on Form 103 – EL. SECTION 1 OWNER INFORMATION Name of Taxpayer Name of Contact Person Full Address (number and street, city, state, and ZIP code) Email Address of Contact Person Telephone Number ( ) County Township Taxing District Fax Number ( ) SECTION 2 ECONOMIC REVITALIZATION AREA INFORMATION Name of Body Designating the Economic Revitalization Area Resolution Number Length of Abatement (years) Date Designation Approved (month, day, year) Designation Termination Date (month, day, year) Does Resolution Limit Dollar Amount of Deduction? ☐ Yes, and limit is based on Equipment ☐ Cost ☐ Assessed Value ☐ No SECTION 3 ABATED EQUIPMENT POOLING SCHEDULE The total cost of depreciable assets is to be reported on Form 103-Long. This schedule includes only the values attributable to the new manufacturing, research and development, logistical distribution, and/or information technology equipment under abatement per the resolution and IC 6-1.1-12.1. The Minimum Value Ratio applies if Line 53 is greater than Line 52D on Page 2 of the Box 1 – Enter Amount Shown on Line 53 of Form 103 – Long Form 103 – Long [IC 6-1.1-12.1-4.5(g)] Box 2 – Enter Amount Shown on Line 52D of Form 103 – Long Box 3 – Divide Box 1 by Box 2 (Carry Ratio 5 Decimal Places) POOL NUMBER 1 (1 TO 4 YEAR LIFE) Form 103 – Long, Minimum Value Schedule A, Column C, TTV% True Tax Value Ratio (if applicable) Year Year* Percent Deduction Claimed Adjusted Cost (5 decimal places) 13 1-2-23 to 1-1-24 $ 65% $ 1 % $ 14 1-2-22 to 1-1-23 $ 50% $ 2 % $ 15 1-2-21 to 1-1-22 $ 35% $ 3 % $ 16A 1-2-20 to 1-1-21 $ 20% $ 4 % $ 16B 1-2-19 to 1-1-20 $ 20% $ 5 % $ 16C 1-2-18 to 1-1-19 $ 20% $ 6 % $ 16D 1-2-17 to 1-1-18 $ 20% $ 7 % $ 16E 1-2-16 to 1-1-17 $ 20% $ 8 % $ 16F 3-2-15 to 1-1-16 $ 20% $ 9 % $ 16G 3-2-14 to 3-1-15 $ 20% $ 10 % $ 17 TOTAL POOL NUMBER 1 $ -- $ -- -- -- -- $ POOL NUMBER 2 (5 TO 8 YEAR LIFE) Form 103 – Long, Minimum Value Schedule A, Column C, TTV% True Tax Value Ratio (if applicable) Year Year* Percent Deduction Claimed Adjusted Cost (5 decimal places) 18 1-2-23 to 1-1-24 $ 40% $ 1 % $ 19 1-2-22 to 1-1-23 $ 56% $ 2 % $ 20 1-2-21 to 1-1-22 $ 42% $ 3 % $ 21 1-2-20 to 1-1-21 $ 32% $ 4 % $ 22 1-2-19 to 1-1-20 $ 24% $ 5 % $ 23 1-2-18 to 1-1-19 $ 18% $ 6 % $ 24A 1-2-17 to 1-1-18 $ 15% $ 7 % $ 24B 1-2-16 to 1-1-17 $ 15% $ 8 % $ 24C 3-2-15 to 1-1-16 $ 15% $ 9 % $ 24D 3-2-14 to 3-1-15 $ 15% $ 10 % $ 25 TOTAL POOL NUMBER 2 $ -- $ -- -- -- -- $ SUB-TOTAL – POOLS 1 AND 2 (Total Lines 17 and 25. Enter to the Right and on Page 2.) $ Page 1 of 2 |
Enlarge image | ABATED EQUIPMENT POOLING SCHEDULE SECTION 3 (continued) POOL NUMBER 3 (9 TO 12 YEAR LIFE) Form 103 – Long, Minimum Value Schedule A, Column C, TTV% True Tax Value Ratio (if applicable) Year Year* Percent Deduction Claimed Adjusted Cost (5 decimal places) 26 1-2-23 to 1-1-24 $ 40% $ 1 % $ 27 1-2-22 to 1-1-23 $ 60% $ 2 % $ 28 1-2-21 to 1-1-22 $ 55% $ 3 % $ 29 1-2-20 to 1-1-21 $ 45% $ 4 % $ 30 1-2-19 to 1-1-20 $ 37% $ 5 % $ 31 1-2-18 to 1-1-19 $ 30% $ 6 % $ 32 1-2-17 to 1-1-18 $ 25% $ 7 % $ 33 1-2-16 to 1-1-17 $ 20% $ 8 % $ 34 3-2-15 to 1-1-16 $ 16% $ 9 % $ 35 3-2-14 to 3-1-15 $ 12% $ 10 % $ 37 TOTAL POOL NUMBER 3 $ -- $ -- -- -- -- $ POOL NUMBER 4 (13 YEAR AND LONGER LIVES) Form 103 – Long, Minimum Value Schedule A, Column C, TTV% True Tax Value Ratio (if applicable) Year Year* Percent Deduction Claimed Adjusted Cost (5 decimal places) 38 1-2-23 to 1-1-24 $ 40% $ 1 % $ 39 1-2-22 to 1-1-23 $ 60% $ 2 % $ 40 1-2-21 to 1-1-22 $ 63% $ 3 % $ 41 1-2-20 to 1-1-21 $ 54% $ 4 % $ 42 1-2-19 to 1-1-20 $ 46% $ 5 % $ 43 1-2-18 to 1-1-19 $ 40% $ 6 % $ 44 1-2-17 to 1-1-18 $ 34% $ 7 % $ 45 1-2-16 to 1-1-17 $ 29% $ 8 % $ 46 3-2-15 to 1-1-16 $ 25% $ 9 % $ 47 3-2-14 to 3-1-15 $ 21% $ 10 % $ 51 TOTAL POOL NUMBER 4 $ -- $ -- -- -- -- $ SUB-TOTAL – POOLS 3 AND 4 (Total Lines 37 and 51. Enter to the Right and Below) $ SPECIAL TOOLING Round all figures to the nearest $1. Report only the cost True Tax Value Abatement of abated special tools, dies, jigs, etc. (50 IAC 4.2-6-2) (Included on Form 103 – T) Deduction Claimed Year Year* Percent S1 1-2-23 to 1-1-24 $ 30% $ 1 % $ S2 1-2-22 to 1-1-23 $ 3% $ 2 % $ S3 1-2-21 to 1-1-22 $ 3% $ The Minimum 3 % $ S4 1-2-20 to 1-1-21 $ 3% $ Value Ratio Is 4 % $ Not Applicable S5 1-2-19 to 1-1-20 $ 3% $ To Special 5 % $ S6 1-2-18 to 1-1-19 $ 3% $ Tooling 6 % $ S7 1-2-17 to 1-1-18 $ 3% $ 7 % $ S8 1-2-16 to 1-1-17 $ 3% $ 8 % $ S9 3-2-15 to 1-1-16 $ 3% $ 9 % $ S10 3-2-14 to 3-1-15 $ 3% $ 10 % $ S11 TOTAL SPECIAL TOOLING $ -- $ -- -- -- -- $ SUB-TOTAL POOLS 1 AND 2 (from Page 1) $ SUB-TOTAL POOLS 3 AND 4 (from Above) $ SUB-TOTAL SPECIAL TOOLING (from Above – Line S11) $ TOTAL ALL POOLS AND SPECIAL TOOLING $ Cost Assessed Value LIMIT ON AMOUNT OF ABATEMENT STATED IN RESOLUTION $ $ AMOUNT OF DEDUCTION CLAIMED – Lesser of Resolution Limit on Abatement or Total All Pools. $ (Carry deduction forward to the Summary Section on Page 1 of the Form 103 – Long) Obsolescence Claimed on Form 106? ☐ Yes ☐ No NOTE: If obsolescence is claimed on depreciable assets, the applicable adjustment must be taken on the Abatement Deduction being claimed. Show calculations on Form 106. Line numbers on this form match the line number on the Form 103-Long. Lines were added to Pools 1 and 2 and deleted from Pools 3 and 4 to reflect the ten (10) year abatement limitation. * This column may be used when the abatement year does not correlate with the acquisition year within the pool. An example might be when used equipment is moved into Indiana from out of state and it was granted an abatement. Page 2 of 2 |