Free 52511.FH11 - Indiana

SCHEDULE OF DEDUCTION FROM ASSESSED VALUATION UTILITY PROPERTY INVESTMENT DEDUCTION
March 1, 2009 FORM UD-ID
State Form 52511 (R4 / 4-09)

Prescribed by the Department of Local Government Finance PRIVACY NOTICE: The records in this series are CONFIDENTIAL according to IC 6-1.1-35-9. INSTRUCTIONS: 1. This form is for assessments March 1, 2006, and after, but prior to March 2, 2007. 2. This form is to be filed with township assessor of the township in which the distributable property is located. 3. This form must be filed not later than thirty (30) days after mailing date of notice of assessment (Form 11A) showing the new or increased assessment, or by the timely filing date for Form 1 (State Form 1882). 4. A copy of Form 11A must be attached to this application if you are filing for a deduction to State Distributable Property. This form must be attached to Form 1 at the time of original filing if you are filing for a deduction on locally assessable personal property. 5. A separate form must be filed each assessment year that a deduction is requested because the taxpayer must provide the Federal tax basis and depreciation on the subject property. 6. This deduction may not be used in conjunction with any abatement or in an allocation area as defined in IC 6-1.1-21.2-3 (TIF district). However, if the property TTV is not used in the budgeting process for the TIF district, the deduction may be approved. 7. The total amount of an investment deduction cannot exceed two million dollars ($2,000,000) in any one county. 8. To obtain a deduction, the taxpayer must show how the investment will increase assessed value and create jobs or retain employees in the taxing jurisdictions pursuant to the definitions in 50 IAC 22. 9. This deduction is subject to 50 IAC 22 and IC 6-1.1-12.4. 10. Please complete the appropriate attached calculation worksheet for the benefit of the local official reviewing the deduction request. 11. An investment deduction is not authorized for any of the following types of facilities: a. Private or commercial golf course k. Any facility, the primary purpose of which is: b. Country club 1) retail food and beverage service c. Massage parlor 2) automobile sales or service d. Tennis court 3) other retail unless the facility is located in an economic development target e. Skating facility, including roller or ice skating or skateboarding area established under IC 6-1.1-12.1-7. f. Racquet sport facility including handball or racquet ball courts l. Residential, unless the facility is: g. Hot tub facility 1) a multifamily facility that contains at least 20% of the units available for low h. Suntan facility and moderate income individuals; i. Racetrack 2) located in an economic development target area established under IC 6-1.1-12.1-7; or j. Package liquor store 3) designated as a residentially distressed area under IC 6-1.1-12.1-2(c)(1 & 2) 12. If the 30 percent floor is applicable for the True Tax Value, the investment deduction will be calculated in accordance with the minimum value ratio memo (the memo is available at http://www.IN.gov/dlgf/pdfs/260-2006-051006.pdf.) SECTION 1
Address of property (number and street, city, state, and ZIP code) County Name of owner Mailing address of owner (number and street, city, state, and Zip code) Telephone number Fax number E-mail address (optional) Township Name of contact person DLGF taxing district number

PROPERTY INFORMATION

(

)

(

)

SECTION 2

REQUEST FOR DEDUCTION AND DESCRIPTION OF BENEFIT TO TAXING JURISDICTION

Describe the utility distributable property investment:

Is this property within an Economic Revitalization District (ERA)? Is this property within an allocation area as defined in IC 6-1.1-21.2-3?

Yes

No Yes No

Cost of the utility distributable property investment as shown on Schedule A-1 of the UD-45 Annual Report or on Form 1 in the Adjusted Cost column of Schedule A of the UD-45 Annual Report or DLGF Form 1 Tax Return Fixed Personal Property of Public Utilities: Year 3 ________ I hereby verify under penalty of perjury that the above named taxpayer is liable for property taxes on the above described utility distributable property on the indicated assessment date and that the representations on this application are true and correct. I further verify under penalty of perjury that the utility distributable property investment identified above is eligible for the investment deduction as outlined in 50 IAC 22 and IC 6-1.1-12.4.
Signature of owner or representative (if representative, attach power of attorney) Printed name of signatory Title Date signed (month, day, year) Telephone number of preparer

(
SECTION 3

)

01 Year 1 02 Year 2 03 Year 3

3-1-2007

TTV of property FACTOR DEDUCTION APPROVED DEDUCTION DENIED Multiply TTV of additions by additions to taxing unit (percentage) percent = deduction requested (for use by County Officials) (for use by County Officials) Not applicable * $ $ $ Not applicable * $ $ $ $ .25
Signature of Township Assessor Date deduction approved (month, day, year) Total

* Please refer to IC 6-1.1-12.4-3, version C (http://www.in.gov/legislative/ic/code/title6/ar1.1/ch12.4.html) Page 1 of 3

CALCULATION WORKSHEET FOR STATE DISTRIBUTABLE PROPERTY
Part of State Form 52511 (R4 / 4-09)

CAUTION: See $2 million cap distributable worksheet if deductions add up to over $2 million in any one county. Not applicable 1 2 YEAR THREE Figuring cost to allocate to Taxing Unit Cost from Schedule A-1 (year one) Factor from Schedule H (use a percentage) (Note: You may divide district miles by total miles to obtain a percentage.) Multiply Line 1 by Line 2. Place this amount in Section 2 of UD-ID. Figuring TTV to allocate to Taxing Unit Cost from A-1 (use cost from year one) Federal tax depreciation (Note: This will be cumulative.) 2007 pay 2008

1 2

3

4 5

6 7

8

YEAR ONE Figuring cost to allocate to Taxing Unit Cost from Schedule A-1 Factor from Schedule H (use a percentage) (Note: You may divide district miles by total miles to obtain a percentage.) Multiply Line 1 by Line 2. Place this amount in Section 2 of UD-ID. Figuring TTV to allocate to Taxing Unit Cost from A-1 Federal tax depreciation (Note: This will be subject to change from year to year because gross additions credit is only applicable in year one.) Gross Additions Credit from A-1 (This only affects year one.) Subtract Lines 5 and 6 from Line 4. This equals TTV of additions in the state. (For years two and three, subtract Line 5 from Line 4.) Factor from Schedule H (use a percentage)

Not applicable 1 2

3

4 5

YEAR TWO Figuring cost to allocate to Taxing Unit Cost from Schedule A-1 (year one) Factor from Schedule H (use a percentage) (Note: You may divide district miles by total miles to obtain a percentage.) Multiply Line 1 by Line 2. Place this amount in Section 2 of UD-ID. Figuring TTV to allocate to Taxing Unit Cost from A-1 (use cost from year one) Federal tax depreciation (Note: This will be cumulative.)

3

4 5

6 Line 4 minus Line 5 = Tentative TTV (total) 7 Factor from Schedule H (use a percentage)

6 Line 4 minus Line 5 = Tentative TTV (If MVR not applicable, multiply by Line 9.) 7 Factor from Schedule H (use a percentage)

9 Multiply Line 7 by Line 8. This equals TTV for the taxing unit. If MVR is not applicable, place Line 9 value in Section 3 of UD-ID and multiply Line 9 directly by Line 12. If MVR is applicable, multiply Line 9 by Line 10 and complete Lines 11 and 12. Factoring TTV if assets are below the 30% Minimum Value 10 MVR from Schedule A-1 (if applicable) 11 If MVR is applicable, multiply Line 9 by Line 10, place in Section 3 of UD-ID. Multiply by applicable percentage 12 Multiply by Line 9 or Line 11 by 75%. This equals the deduction amount. 13 Round to nearest $10.

8 Multiply Line 6 by Line 7. This equals TTV for the taxing unit unless MVR is applicable. Factoring TTV if assets are below the 30% Minimum Value

8 Multiply Line 6 by Line 7. This equals TTV for the taxing unit unless MVR is applicable. Factoring TTV if assets are below the 30% Minimum Value

9 MVR (multiply Line 8 by MVR, if applicable) 10 Weighted TTV Multiply by applicable percentage 11 Multiply by Line 8 or Line 10 by 50%. This equals the deduction amount. 12 Round to nearest $10. 13 Deduction capped at 100% of TTV in Line 8. Lesser of Line 8 rounded to nearest $10 or Line 12 (deduction not to exceed 100% of TTV) Factor if over $2 million cap. Factored deduction rounded to nearest $10. (Divide total deduction in county by $2,000,000 to get factor.) Page 2 of 3

9 MVR (multiply Line 8 by MVR, if applicable) 10 Weighted TTV Multiply by applicable percentage 11 Multiply by Line 8 or Line 10 by 25%. This equals the deduction amount. 12 Round to nearest $10. 13 Deduction capped at 100% of TTV in Line 8. Lesser of Line 8 or Line 12 (deduction not to exceed 100% of TTV) Factor if over $2 million cap. Factored deduction rounded to nearest $10.

Factor if over $2 million cap. Factored deduction rounded to nearest $10.

Total of years one, two, and three deductions to be entered against AV

CALCULATION WORKSHEET FOR LOCALLY ASSESSABLE PROPERTY FILED ON FORM 1
Part of State Form 52511 (R4 / 4-09)

YEAR ONE 1 Cost from Schedule A-1 Form 1, Line 15, Column A Place this figure in Section 2 of UD-ID. 2 Subtract Depreciation - Line 15, Column B (This will differ in years two and three.) 3 Equals Line 15, Column C

Not applicable

4 Gross Additions Credit - Line 16, Column C 5 Subtract Line 4 from Line 3. This equals TTV added to taxing unit. (Note: Place remainder in Section 3 of Form UD-ID, unless MVR is applicable.) 6 MVR (if applicable) (Note: If at or below the 30% floor, to obtain MVR divide Line 9, Column C from Schedule A of Form 1 (State Form 1882) by Line 8, Column C from Schedule A of Form 1.) 7 Multiply Line 5 by Line 6 for MVR adjusted value. 8 Multiply Line 5 or Line 7 by 75%. This equals the Deduction Amount 9 Round to nearest $10. Not to exceed the $2 million cap. Total

YEAR TWO 1 Cost from Schedule A-1 Form 1, Line 15, Column A for year one. Place this figure in Section 2 of UD-ID. 2 Federal Tax Depreciation (This will differ in years two and three.) 3 Subtract Line 2 from Line 1. This equals TTV of additions. (Note: Place remainder in Section 3 of Form UD-ID, unless under 30% floor.) 4 MVR (if applicable) 5 Line 3 multiplied by Line 4 equals weighted TTV.

Not applicable

YEAR THREE 1 Cost from Schedule A-1 Form 1, Line 15, Column A for year one. Place this figure in Section 2 of UD-ID. 2 Federal Tax Depreciation (This will differ in years two and three.) 3 Subtract Line 2 from Line 1. This equals TTV of additions. (Note: Place remainder in Section 3 of Form UD-ID.) 4 MVR (if applicable) 5 Line 3 multiplied by Line 4 equals weighted TTV.

2007 pay 2008

6 Multiply either Line 3 or Line 5 by 50 % This equals the Deduction Amount.

6 Multiply either Line 3 or Line 5 by 25 % This equals the Deduction Amount.

7 Round to nearest $10. 8 Lesser of Line 3 or Line 7. (deduction not to exceed 100% of TTV) Not to exceed the $2 million cap.

7 Round to nearest $10. 8 Lesser of Line 3 or Line 7. (deduction not to exceed 100% of TTV) Not to exceed the $2 million cap. Total of years two and three deductions to be placed in summary of assessment

Page 3 of 3