Form 103 Long – Fill Out and Use This PDF

Name of taxpayer		Federal Identification Number
Name under which business is conducted		DLGFTaxingdistrictnumber
Address where property is located (number and street, city, state, and ZIP code)		DLGFTaxingdistrictname
Nature of business	NAICS * - Code number	Township
Name and address to which Assessment and Tax Notice is to be mailed (If different than above)		County
		Retail Merchants Certification Number

1.

Federal Income Tax Year ends

Name filed under

2.

Location of accounting records

3.

Form of business

Partnership or Joint Venture

Sole Proprietorship

Corporation

Estate or Trust

Other, describe:

4.

Do you have other locations in Indiana?

Yes

No

5.

Did you own, hold, possess or control any leased, rented or other depreciable personal property on March 1?

Yes

No (See 50 IAC 4.2-8)

6.

Did you own, hold, possess or control any Special Tools on March 1?

Yes

No

(See 50 IAC 4.2-6-2)

Yes

No

(See 50 IAC 4.2-6-4)

7.

Did you own, hold, possess or control any returnable containers on March 1?

8.

Total sales for this location during the prior fiscal or calendar year. $

If

taxpayer answers "yes" to question 5, the owner must file Form 103-O and the possessor must file Form 103-N. Failure to properly disclose lease information may

result in a double assessment. (See 50 IAC 4.2-2 and 50 IAC 4.2-8).

Duplicate Return Requirement. Every taxpayer whose total combined assessed value of business personal property in a single taxing district is $150,000 or more must file each return in duplicate including the confidential returns and schedules attached thereto. (IC 6-1.1-3-7 (c))

Failure to file a return on or before the due date, as required by law, will result in the imposition of a twenty-five dollar ($25) penalty. In addition, if the return is not filed within thirty (30) days after such return is due, a penalty equal to twenty percent (20%) of the taxes finally determined to be due with respect to the property which should have been reported will be imposed. A personal property return is not due until the expiration of any extension period granted by the assessing official under IC 6-1.1- 3-7 (b). If the total assessed value that a person reports on a personal property return is less than the total assessed value that the person is required by law to report and if the amount of the undervaluation exceeds five percent (5%) of the value that should have been reported on the return, then the county auditor shall add a penalty of twenty percent (20%) of the additional taxes finally determined to be due as a result of the undervaluation.

In completing a personal property return for a year, a taxpayer must make a complete disclosure of all information relating to the value, nature or location of personal

property owned, held, possessed or controlled on the assessment date. (IC 6-1.1-3-9 (a)). This information would include, but not be limited to, completion of the heading and related information, answers to all questions on the face of the return, and entries on all of the appropriate lines of Schedule A. If such information is not provided, the taxpayer will be contacted and directed to provide that information. In addition, a penalty of $25 may be imposed. (IC 6-1.1-37-7(d))

* NAICS - North American Industry Classification System - A complete list of codes may be found at www.census.gov. The Indiana Code (IC) and Indiana Administrative Code (IAC) may be found on-line at the DLGF website - www.in.gov/dlgf. For further questions, contact the County Assessor (available on the DLGF website).

NOTE: The NAICS Code Number appears on your federal income tax return.

	SUMMARY (Round all numbers to nearest ten dollars)		REPORTED BY TAXPAYER	CHANGE BY ASSESSOR	CHANGE BY THE COUNTY BOARD
	Schedule A - Personal Property	+	$	$	$
	Deduction per Form 103 ERA or Form 103-CTP	-	$	$	$
	Final Assessed Valuation	=	$	$	$
			$ SIGNATURE AND VERIFICATION$		$

Under penalties of perjury, I hereby certify that this return (including accompanying schedules, deduction claims and statements), to the best of my knowledge and belief, is true, correct, and complete; reports all tangible personal property, subject to taxation, owned, held, possessed or controlled by the named taxpayer, in the stated taxing district, on the assessment date, as required by law; and is prepared in accordance with IC 6-1.1 et seq., as amended, and regulations promulgated with respect thereto.

Signature of authorized person	Telephone number		Date (month, day, year)
	(	)
Name and title of authorized person (please type or print)	E-mail contact
Signature of person preparing return, if different than authorized person	Name and contact information of preparer (please type or print)

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FORM 103 - LONG				TANGIBLE PERSONAL PROPERTY										SCHEDULE A
See 50 IAC 4.2-4							CONFIDENTIAL							MARCH 1, 2011
														Federal Identification number
Line		Report all personal property assessable to this taxpayer below. (Round all figures below to nearest dollar)
1		Total cost of tangible depreciable personal property. (50 IAC 4.2- 4-2)											$
2		Adjustment to federal tax basis per Form 106.			(50 IAC 4.2-4-4)
3		Total cost and base year value of tangible depreciable personal property. (Line 1 plus 2)											$
		Deduct Exempt Property (See 50 IAC 4.2-11)									COST
4		Stationary industrial air purification systems (Attach Form 103-P.)							$
5		Industrial waste control facilities		(Attach Form 103-P.)
6		Enterprise information technology equipment (Attach Form 103-IT)
						Number of Units
7		Vehicles / airplanes subject to excise tax							$
		Total cost of exempt property (Deduct from Line 3 and enter on Line 8)
8		Subtotal											$
		Additions: See 50 IAC 4.2-1-1 and 50 IAC 4.2-4-3 (b) and 4
9		Cost of all depreciable personal property still in use but written off.						(50 IAC 4.2-4-3(b))					$
10		Cost of installation and foundations applicable to depreciable personal property.								(50 IAC 4.2-4-2(d))
11		Cost of interest incurred during construction and installation applicable to depreciable personal property.
		(50 IAC 4.2-4-3(h))
12		Total cost and base year value of assessable depreciable personal property.											$
		(add Lines 8, 9, 10 and 11. Line 12 must agree with Line 56 Column A)
	POOLING SUMMARY			TOTAL COST			ADJUSTMENTS				ADJUSTED COST			TRUE TAX VALUE
(From Schedule A-1 or Form 103-P5)				COLUMN A			COLUMN B				COLUMN C			COLUMN D
56		Total All Pools	$				$			$			$
57		30% of Adjusted Cost (Line 56, Column C) (enter zero (0) if filing 103-P5											$
		and entity is a qualified steel mill or oil refinery per IC 6-1.1-3-23)
58		Greater of Lines 56D or 57											$
		Adjustments to True Tax Value
59		Equipment not placed in service at cost					Cost				X 10%
							$						$
		Tools, dies, jigs, fixtures, etc., per Form 103-T.			(50 IAC 4.2-6-2)					Cost
60										$			$
		Permanently retired equipment per Form 106.			(50 IAC 4.2-4-3 (c) and (d))					Cost
61										$			$
62		Commercial aircraft and commercial bus line fleet, not subject to excise tax per								Cost
		Form 103-I. (50 IAC 4.2-10)								$			$
63		Total additions to True Tax Value. (Lines 59, 60, 61 and 62)											$
64		Total True Tax Value before adjustments for "Abnormal Obsolescence." (Line 58 plus Line 63)											$
65		Abnormal Obsolescence Adjustment per Form 106. (50 IAC 4.2-4-8)											$
66		Total True Tax Value of personal property. (To page 1, Form 103 Summary)											$

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	FORM 103 - LONG		TANGIBLE PERSONAL PROPERTY				SCHEDULE A
	See 50 IAC 4.2-4			CONFIDENTIAL			MARCH 1, 2011
* *	The total cost of special tools, dies, jigs, fixtures, etc., permanently retired equipment; commercial aircraft, and commercial bus line fleet, not subject
	to excise tax is to be deducted in full in Column B below. The true tax value of such property is to be computed on the proper Form(s) (103-T, 106
	AND 103-I, respectively) and recorded on Line(s) 60, 61 and 62.
			ROUND ALL FIGURES BELOW TO THE NEAREST DOLLAR.
	YEAR OF ACQUISITION		COLUMN A	COLUMN B	COLUMN C		COLUMN D
	POOL NUMBER 1:		TOTAL COST OR	ADJUSTMENTS	ADJUSTED COST	T.T.V.%	TRUE TAX VALUE
	(1 TO 4 YEAR LIFE)
			BASE YEAR VALUE	** (See Note Above)
13	From	To 3-1-11*				65
14		3-2-10 To 3-1-11				65
15		3-2-09 To 3-1-10				50
16		3-2-08 To 3-1-09				35
17		Prior To 3-2-08	$	$	$	20	$
18	TOTAL POOL NUMBER 1
			POOL NUMBER 2: (5 TO 8 YEAR LIFE)
19	From	To 3-1-11 *				40
20		3-2-10 To 3-1-11				40
21		3-2-09 To 3-1-10				56
22		3-2-08 To 3-1-09				42
23		3-2-07 To 3-1-08				32
24		3-2-06 To 3-1-07				24
25		3-2-05 To 3-1-06				18
26		Prior To 3-2-05	$	$	$	15	$
27	TOTAL POOL NUMBER 2
			POOL NUMBER 3: (9 TO 12 YEAR LIFE)
28	From	To 3-1-11 *				40
29		3-2-10 To 3-1-11				40
30		3-2-09 To 3-1-10				60
31		3-2-08 To 3-1-09				55
32		3-2-07 To 3-1-08				45
33		3-2-06 To 3-1-07				37
34		3-2-05 To 3-1-06				30
35		3-2-04 To 3-1-05				25
36		3-2-03 To 3-1-04				20
37		3-2-02 To 3-1-03				16
38		3-2-01 To 3-1-02				12
39		Prior To 3-2-01	$	$	$	10	$
40	TOTAL POOL NUMBER 3
			POOL NUMBER 4: (13 YEAR AND LONGER LIFE)
41	From	To 3-1-11 *				40
42		3-2-10 To 3-1-11				40
43		3-2-09 To 3-1-10				60
44		3-2-08 To 3-1-09				63
45		3-2-07 To 3-1-08				54
46		3-2-06 To 3-1-07				46
47		3-2-05 To 3-1-06				40
48		3-2-04 To 3-1-05				34
49		3-2-03 To 3-1-04				29
50		3-2-02 To 3-1-03				25
51		3-2-01 To 3-1-02				21
52		3-2-00 To 3-1-01				15
53		3-2-99 To 3-1-00				10
54		Prior To 3-2-99	$	$	$	5	$

55TOTAL POOL NUMBER 4

56TOTAL ALL POOLS

Election to report cost of Depreciable Assets by Federal tax year		Yes		No
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. NOTE: All Column B adjustments above must be supported on Form 106, Form 103 - T, or Form 103 - I.

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Filing Basics:

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

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 15th and should include a reason for the request. The assessor has the authority to approve, deny, or set a different deadline of less than thirty (30) days for each request received.

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.

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. www.in.gov/dlgf

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 - Long, 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 six (6) months of the due date or the extended due date (if up to a thirty (30) day extension was granted) of their original return.

Frequently Asked Questions:

A.How do I find out my Taxing District Name & Number?

You will need to contact your County Assessor for assistance since heavily populated areas can have several taxing districts within a single township.

B.How do I find out my NAICS number?

This 6 digit code number appears on the federal returns filed for businesses. For a complete list of the codes, go to www.census.gov.

C.Will my local assessor fill this form out for me?

Indiana’s personal property tax system is a self-assessment system. An assessor can offer assistance with the filing; however, an authorized person representing the business must sign the form under penalties of perjury that it is true and correct so the responsibility of filing an accurate return remains with the taxpayer.

D.How can I find contact information for the various county offices (Assessor, Auditor, or Treasurer) throughout the State of Indiana, locate forms or learn more about Indiana’s personal property tax system? Go to the Indiana Department of Local Government Finance’s website at www.in.gov/dlgf.

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.

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