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PRIVACY NOTICE: This form contains information confidential pursuant to IC 6-1.1-35-9.
SCHEDULE A
MARITIME OPPORTUNITY DISTRICT - DEDUCTION FOR NEW MANUFACTURING EQUIPMENT
Name of contact person Telephone number E-mail address
( )
SECTION I THIS SECTION MUST ONLY INCLUDE ELIGIBLE EQUIPMENT INSTALLED BETWEEN
THE PRIOR ASSESSMENT DATE AND THE CURRENT ASSESSMENT DATE
1. SHOW QUALIFIED CURRENT YEAR ACQUISITIONS ONLY COST CLAIMED TRUE TAX VALUE
A. POOL No.1, Line 13 (See special instruction 4 below.)
B. POOL No. 2, Line 18 (See special instruction 4 below.)
C. POOL No. 3, Line 26 (See special instruction 4 below.)
D. POOL No. 4, Line 38 (See special instruction 4 below.)
2. TOTAL POOL TRUE TAX VALUE (Add A through D) $
3. OTHER (TTV OF CURRENT YEAR “SPECIAL TOOLING”) $
4. TOTAL TRUE TAX VALUE (TTV) (Line 2 plus Line 3) $
5. ASSESSED VALUE. (Round Line 4 to the nearest $10) $
6. ASSESSED VALUE OF LINE 60 SCHEDULE A OF CURRENT YEAR FORM 103-LONG $
7. ASSESSED VALUE OF LINE 64 SCHEDULE A OF PRIOR YEAR FORM 103-LONG
8. LIMIT ON AMOUNT OF ABATEMENT (Line 6 [-] Line 7)See( special instruction 6 below. )
9. AMOUNT OF DEDUCTION CLAIMED (Lessor of Line 5 or 8 - Carry this amount to Section II, Year 1 below) $
SECTION II SUMMARY OF CLAIMS (Prior year’s approved claims as adjusted, plus current year’s claim)
Assessed Value of Indicate for the years below whether that year’s
Times
Assessment Qualifying Equipment deduction was based on the actual assessed
Deduction Deduction Claimed
Year (See special instruction value (Actual A/V) or the Limit described in
Percentage
6 for Abatement Limits.) special instruction 6 below.
Year 1 January 1, 2018 100% Check one: Actual A/V Limit
Year 2 January 1, 2017 100% Check one: Actual A/V Limit
Year 3 January 1, 2016 100% Check one: Actual A/V Limit
Year 4 March 1, 2015 100% Check one: Actual A/V Limit
Year 5 March 1, 2014 100% Check one: Actual A/V Limit
Year 6 March 1, 2013 100% Check one: Actual A/V Limit
Year 7 March 1, 2012 95% Check one: Actual A/V Limit
Year 8 March 1, 2011 80% Check one: Actual A/V Limit
Year 9 March 1, 2010 65% Check one: Actual A/V Limit
Year 10 March 1, 2009 50% Check one: Actual A/V Limit
TOTAL DEDUCTION CLAIMED (carry amount to page 1) $
SPECIAL INSTRUCTIONS AND QUALIFICATIONS
1. This deduction is only available for property located within an area that has been designated as a Maritime Opportunity District by the Indiana Port Commission.
2. A Maritime Opportunity District is a geographical territory designated by the Indiana Port Commission under IC 6-1.1-40-7 and IC 6-1.1-40-8.
3. The Commission may find that a geographic territory is a Maritime Opportunity District if the Commission determines that: (a) the territory is located adjacent to a state
owned port on state owned land; (b) there will be redevelopment or rehabilitation of property within the territory; (c) the redevelopment or rehabilitation will require a
substantial investment relative to the size of the business making the investment; (d) the business making the investment will be manufacturing goods; (e) more than 50% of
the goods manufactured are to be shipped through a port operated by the State of Indiana and are destined for international markets; (f) the business is making a long term
commitment to the territory; and (g) there will be an increase in the revenue of the port.
4. For purposes of this deduction, “new manufacturing equipment” means any tangible personal property that (a) is installed in a Maritime Opportunity District; (b) is used in the
direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangle personal property; and (c) was acquired by its
owner for use as described above, and was never before used by its owner for any purpose in Indiana.
5. An owner of new manufacturing equipment whose statement of benefits is approved is entitled to a deduction from the assessed value of that equipment for a period of
ten (10) years. Except as provided, for the first five (5) years, the amount of the deduction for new manufacturing equipment that an owner is entitled to for a particular
year equals the assessed value of the new manufacturing equipment. For the sixth through the tenth year, the amount of the deduction equals the product of: (a)
the assessed value of the new manufacturing equipment; multiplied by (b) the percentage prescribed in the following table, except as provided in special instruction #6:
YEAR OF DEDUCTION PERCENTAGE
6th 100%
7th 95%
8th 80%
9th 65%
10th 50%
11th and thereafter 0%
6. A deduction under special instruction #5 above is not allowed in the first year the deduction is claimed for new manufacturing equipment to the extent that it would cause the
assessed value of all personal property of the owner in the taxing district in which the equipment is located to be less than the assessed value of all the personal property of
the owner in that taxing district in the immediately preceding year. If a deduction is not fully allowed under special instruction #5 in the first year the deduction is claimed, then
the percentages specified in special instruction #5 apply in the subsequent years to the amount of the deduction that was allowed in the first year. (IC 6-1.1-40-10)
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