Form 103 (Short) - Business Tangible Personal Property Return Page 2

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FORM 103- SHORT FORM

SCHEDULE A

CONFIDENTIAL

See 50 IAC 4.2-4

MARCH 1, 2015

COLUMN A

COLUMN B

LINE

YEAR OF ACQUISITION

DEPRECIABLE PERSONAL PROPERTY

TOTAL COST

T .T .V.%

TRUE TAX VALUE

From

To 3-1-15

3-2-14 To 3-1-15

3-2-13 To 3-1-14

3-2-12 To 3-1-13

3-2-11 To 3-1-12

3-2-10 To 3-1-11

3-2-09 To 3-1-10

3-2-08 To 3-1-09

3-2-07 To 3-1-08

3-2-06 To 3-1-07

3-2-05 To 3-1-06

Prior To 3-2-05

TOTALS

30% of line 13, Column A

Line 15 must be the greater of Line 13, Column B or Line 14 (See 50 IAC 4.2- 4-9)

Total True Tax Value of Depreciable Personal Property (To Summary on reverse side)

Fully depreciated assets must be included in the total cost to be reported in Schedule A above.

Election to report cost of depreciable assets by federal tax year ...................................................

Yes

Election available only when federal tax year ends December 31 or January 31. See 50 IAC 4.2-4-6 (c).

If taxpayer elects to report cost above on federal tax year basis, assets acquired from the prior federal tax year end to March 1 are to be reported

on the first line of the appropriate pool.

Filing Basics:

To locate contact information for the various county offices (Assessor, Auditor, & Treasurer), locate forms, and learn more about Indiana’s personal

property tax system, go to Contact information for the Assessor is available at

Every person owning, holding, possessing, or controlling personal property in Indiana on March 1 st is required to file a form by May 15 th .

Taxpayers may request up to a thirty (30) day extension of time to file their return. The written request should be sent to the Assessor before

the filing deadline of May 15 th and should include a reason for the request. The Assessor may, at their discretion, approve or disapprove the

request in writing.

Personal property must be assessed in each taxing district where property has a tax situs.

Inventory located in the State of Indiana is exempt and is not required to be reported per IC 6-1.1-1-11 (b) (3).

It is the responsibility of the taxpayer to obtain forms from the Assessor and file a timely return.

The forms are also available on-line at the department’s website,

If you hold, possess, or control not-owned personal property on the assessment date, you have a liability for the taxes imposed for that year

unless you establish that the property is to be assessed to the owner. This is done by completing a Form 103-N, attaching it to the Form 103-Short,

and filing it with the Assessor. NOTE: Failure to properly disclose lease information may result in a double assessment.

Taxpayers who discover an error was made on their original timely filed personal property tax return have the right to file an amended return. The

amended return must be filed within twelve (12) months of the due date or the extended due date (if up to a thirty (30) day extension was granted)

of their original return.

Information of Not-Owned Personal Property Which Is To Be Assessed To The Owner

NOTE: This form is for the reporting of two or less Operating Leases. For all other leases, the Form 103-N (for the lessee) and the Form 103-O (for the

lessor) should be utilized. For more information on the reporting of leased equipment, refer to 50 IAC 4.2-8. Failure to properly disclose lease information

may result in a double assessment.

Name and Address

Location of

Date of Lease

Model Number

Cost, If

Quantity

of Owner

Property

(month, day, year)

and Description

Known