Tax & Accounting Blog

Indiana State 103 Short Business Tangible Personal Property Assessment Return

Blog, ONESOURCE, ONESOURCE Property Tax May 11, 2015

Taxpayers may choose to file the IN State 103 Short Business Tangible Personal Property Assessment Return (Form 11274), in place of the IN State 103 Long Form, ONLY if any or all of the following apply: You are NOT a manufacturer or processor, your business personal property assessment is LESS than $150,000, you are NOT claiming any exemptions or deductions (other than the enterprise zone credit), you are NOT claiming any special adjustments such as equipment not placed in service, special tooling, permanently retired equipment, or abnormal obsolescence. The filing deadline is Friday, May 15, 2015. The form was certified on April 20 and is available for use in ONESOURCE Property Tax.