Indiana > Statewide > Department Of Local Government Finance

Statement Of Benefits Personal Property 51764 - Indiana

Statement Of Benefits Personal Property Form. This is a Indiana form and can be used in Department Of Local Government Finance Statewide .
 Fillable pdf Last Modified 4/5/2012
Get this form for FREE as a print-only pdf

STATEMENT OF BENEFITS PERSONAL PROPERTY State Form 51764 (R2 / 12-11) FORM SB-1 / PP PRIVACY NOTICE Prescribed by the Department of Local Government Finance INSTRUCTIONS: 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment, and/or logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction. Projects planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to installation of the new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment, BEFORE a deduction may be approved 3. To obtain a deduction, a person must file a certified deduction schedule with the persons personal property return on a certified deduction schedule (Form 103-ERA) with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for the township. The 103-ERA must be filed between March 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March 1 and the extended due date of that year. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF-1 / PP annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) 5. The schedules established under IC 6-1.1-12.1-4.5(d) and (e) apply to equipment installed after March 1, 2001, unless an alternative deduction schedule is adopted by the designating body (IC 6-1.1-12.1-17). SECTION 1 Name of taxpayer Address of taxpayer (number and street, city, state, and ZIP code) Name of contact person T elephone number The cost and any specific individuals salary information is confidential; the balance of the filing is public record per IC 6-1.1-12.1-5.1 (c) and (d). TAXPAYER INFORMATION ( SECTION 2 Name of designating body Location of property County ) LOCATION AND DESCRIPTION OF PROPOSED PROJECT Resolution number (s) DLGF taxing district number Description of manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment. (use additional sheets if necessary) Manufacturing Equipment R & D Equipment Logist Dist Equipment IT Equipment SECTION 3 Current number Salaries ESTIMATED START DATE COMPLETION DATE ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Number retained Salaries Number additional Salaries ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT MANUFACTURING LOGIST DIST R & D EQUIPMENT NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the EQUIPMENT EQUIPMENT COST of the property is confidential. ASSESSED ASSESSED ASSESSED COST COST COST VALUE VALUE VALUE SECTION 4 IT EQUIPMENT COST ASSESSED VALUE Current values Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) ________________________ Other benefits: Estimated hazardous waste converted (pounds) ________________________ SECTION 6 Signature of authorized representative TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Title Date signed (month, day, year) Page 1 of 2 American LegalNet, Inc. www.FormsWorkFlow.com FOR USE OF THE DESIGNATING BODY We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, provides for the following limitations as authorized under IC 6-1.1-12.1-2. A . The designated area has been limited to a period of time not to exceed ____________ calendar years * (see below). The date this designation expires is _______________________________ . B . The type of deduction that is allowed in the designated area is limited to: 1. Installation of new manufacturing equipment; 2. Installation of new research and development equipment; 3. Installation of new logistical distribution equipment. 4. Installation of new information technology equipment; Ye s Ye s Ye s Ye s No No No No C. The amount of deduction applicable to new manufacturing equipment is limited to $ _________________ cost with an assessed value of $ ____________________. D. The amount of deduction applicable to new research and development equipment is limited to $ _________________ cost with an assessed value of $ ____________________. E . The amount of deduction applicable to new logistical distribution equipment is limited to $ _________________ cost with an assessed value of $ ____________________. F. The amount of deduction applicable to new information technology equipment is limited to $ _________________ cost with an assessed value of $ ____________________. G. Other limitations or conditions (specify)__________________________________________________________________________ H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction on or after July 1, 2000, is allowed for: 1 year 2 years 3 years 4 years 5 years ** I. 6 years 7 years 8 years 9 years 10 years ** ** For ERAs established prior to July 1, 2000, only a 5 or 10 year schedule may be deducted. Did the designating body adopt an alternative deduction schedule per IC 6-1.1-12.1-17? If yes, attach a copy of the alternative deduction schedule to this form. Yes No Also
Link/Embed this Document
URL
Embed


Popular Searches

  1. proof of service
  2. notice of appeal
  3. Guardianship
  4. notice
  5. child custody
  6. Divorce
  7. complaint
  8. JUDGMENT
  9. certificate of service
  10. default judgment

Bookmark and Share