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Section E -Including Consumer Page 2
Coin Operated Equipment Assessor Calculations
2022 .368 Section F -Including Computer
2021 .340 Equipment Assessor Calculations
2020 .308 2022 .240
2019 .276 2021 .176
2018 .244 2020 .128
2017 .216 2019 .096
2016 .184 2018 .076
2015 .152 2017 .060
2014 .120 2016 .032
2013 .092 Prior .032
2012 .060
TOTALS F1 F2
Prior .060
TOTALS E1 E2
Cost Grand Total (For Idle, Obsolete True Cash Value Grand Total (For Idle,
or Surplus Equipment) Obsolete or Surplus Equipment)
Taxpayer: Add totals from the cost Assessor: Add True Cash Value
columns of Sections A-F (A1- totals from Sections A-F (A2
through F1). Enter grand total and Taxpayer through F2) Enter grand total here Assessor
carry to line 12a, page 1, of Form and carry to line 12b, page 1, of
632 (L-4175). Form 632 (L-4175).
I, ________________________________________, hereby attest that, to the best of my knowledge and belief, all of the property listed
on this form is idle equipment or obsolete or surplus equipment as those terms are defined in the instructions below.
Signature Date Title (Please print or type)
Must be signed by Owner, Partner, or Corporate Officer or duly appointed representative.
INSTRUCTIONS
This form is for use in reporting idle equipment and obsolete or • Has been declared as surplus by an owner who is abandoning a
surplus equipment as defined in these instructions. For purposes of process or plant and is being disposed of by means of an advertised
completing this form, the allocation of personal property to Sections A sale or through an agent. The sale must be an unconditional sale to
through F shall be made in accordance with the instructions for any and all prospective purchasers rather than being restricted to
completion of Sections A through F of Form 632 (L-4175), Personal other divisions of a company.
Property Statement. Both idle equipment and obsolete or surplus
equipment will be reduced by the assessor to 40% of the value Equipment cannot qualify as idle or obsolete or surplus until it has
obtained by applying the normal State Tax Commission personal been placed in service. Equipment that is operating on tax day does
property multipliers to original acquisition costs. not qualify for treatment as idle equipment or obsolete or surplus
equipment. Standby equipment is not idle equipment orobsolete or
Read the following descriptions of idle equipmen t and obsolete or surplus equipment . Standby equipment is equipment that is not
surplus equipment to determine whether your personal property may usually in use but is ready and immediately on hand for use when
qualify to be reported on this form. Only property that would otherwise needed, e.g., a standby boiler or standby production machines. The
be reported on Sections A-F of Form 632 (L-4175), may be claimed as allowances for idle or obsolete and surplus equipment are available
idle or obsolete or surplus equipment. only in cases where a process has been discontinued or where
individual items of property are being liquidated on a piecemeal
If you have personal property that qualifies, complete this form and file basis. A process that has been temporarily suspended and/or which is
it with Form 632 (L-4175). Assets reported as idle equipment or being marketed as a complete process, for continued use at the same
obsolete or surplus equipment should not be reported on Sections A location, does not qualify for treatment as idle or obsolete and
through F of Form 632 (L-4175). You must add the totals from surplus.
Sections A through F (A-1 through F1) and insert this sum in the "Cost
Grand Total" box above. This "Cost Grand Total" must be carried to Sometimes equipment, for various reasons, is normally not used
line 12a of the "Summary and Certification" contained on page 1 of throughout the year (e.g., Holiday and seasonal decorations,
Form 632 (L-4175). construction equipment) or is normally used only on an intermittent
basis. This type of equipment does not qualify for the idle or
Idle Equipment and Obsolete or Surplus Equipment obsolete or surplus treatment when it is seasonally or intermittently
Idle equipment is equipment that has been disconnected and stored in used.
a separate location. This equipment is not part of an existing process,
not even on a standby basis. Sometimes, equipment may be "idle-in-place" because storage in a
separate location
Obsolete• or surplus equipment is equipment that either: is not feasible. This might be due to the large size of
the equipment involved or the fact that it is underground equipment.
Requires rebuilding for continued economic use and is in the Proof should be presented to the assessor that equipment is
possession of a machine rebuilding firm on tax day, or "idle-in-place."
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