Full Text
BUSINESS TANGIBLE PERSONAL PROPERTY ASSESSMENT RETURN State Form 11405 (R50 / 11-25) Prescribed by the Department of Local Government Finance FORM 103 – LONG PRIVACY NOTICE This form contains confidential information pursuant to IC 6-1.1-35-9. JANUARY 1, 2026 For Assessor's Use Only For taxpayers with less than $2,000,000 in acquisition costs to report within the county, IC 6-1.1-3-7.2 exempts this property. If you are claiming this exemption, check this box, enter the total acquisition cost of your personal property in the county, and complete only sections I, II, and IV of this form. If you are claiming this exemption through this form, you must also file Form 104. If you filed a return and claimed this exemption in a previous assessment year and you continue to qualify for this exemption, no return is required. $ If property is in more than one location, what is the address for the location where the sum of acquisition costs for the property is greatest within the same county? An exemption granted under IC 6-1.1-10, or any other statute supersedes this exemption. A taxpayer whose personal property is exempt because it was granted an exemption by the county must follow all applicable procedures for the approved exemption, which includes completing the personal property return. No return is required for a church or religious society if the return has been filed for five consecutive years and continues to meet the requirements of a granted exemption. INSTRUCTIONS: 1. Please type or print. 2. This form must be filed with the township assessor, if any, or the county assessor of the county in which the property is located not later than May 15, 2026, unless an extension of up to thirty (30) days is granted in writing for the county where the property has tax situs. 3. Form 104 must be filed with this return. SECTION I Name of Taxpayer Name Under Which Business Is Conducted Federal Identification Number * Nature of Business DLGF Taxing District Name DLGF Taxing District Number NAICS Code Number Township County Address Where Property Is Located (number and street) City State ZIP Code Address to Which Assessment and Tax Notification Should Be Mailed (if different than above) City State ZIP Code * An individual using his/her Social Security number as the federal identification number is only required to provide the last four digits of that number. [IC 4-1-10-3] Filers will need to contact the county assessor for assistance, as heavily populated areas may have several taxing districts within a single township. Additionally, taxing district names and taxing district number can be found at: budgetnotices.in.gov. NAICS - North American Industry Classification System - A complete list of codes may be found at: census.gov/naics. Note: Number appears on your federal income tax return. SECTION II 1. Federal Income Tax Year Ends 2. Name Federal Return is Filed Under 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 January 1? Yes No (50 IAC 4.2-8) 6. Did you own, hold, possess, or control any Special Tools on January 1? Yes No If yes, complete Form 103 – T. (50 IAC 4.2-6-2) 7. Did you own, hold, possess, or control any returnable containers on January 1? Yes No (50 IAC 4.2-6-4) SECTION III 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 VALUE = $ $ $ SECTION IV SIGNATURE AND VERIFICATION Under penalties of perjury, I hereby certify that this return (including any accompanying schedules and statements), to the best of my knowledge and belief, is true, correct, and complete; if applicable, reports all tangible personal property subject to taxation owned, held, possessed or controlled by the named taxpayer in the stated township or 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 Printed Name of Authorized Person Date (month, day, year) Title of Authorized Person Telephone Number ( ) Email of Authorized Person Page 1 of 4 ---PAGE BREAK--- – - - – SECTION V FORM 103 LONG TANGIBLE PERSONAL PROPERTY See 50 IAC 4.2 4 CONFIDENTIAL JANUARY 1, 2026 Line Report all personal property assessable to this taxpayer below. (Round all figures below to nearest dollar) Federal Identification Number 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 Line 2) $ Deduct Exempt Property (See 50 IAC 4.2-11.1) 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) $ 7 Vehicles / airplanes subject to excise tax. Number of Units $ Total Cost of Exempt Property (Deduct from Line 3 and enter on Line 8) 8 Subtotal $ Additions: See 50 IAC 4.2-1-1.1 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(j)) $ 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 52 Column A) $ POOLING SUMMARY TOTAL COST ADJUSTMENTS ADJUSTED COST (From Schedule A 1 or Form 103 P5) COLUMN A COLUMN B COLUMN C TRUE TAX VALUE COLUMN D 52 Total All Pools $ $ $ $ 53 30% of Adjusted Cost of property subject to the minimum valuation limitation (IC 6-1.1-3-29) (Line 52, Column C) (enter zero if filing Form 103 – P5 and entity is a qualified steel mill or oil refinery per IC 6-1.1-3-23). $ 54 Greater of Line 52D or Line 53. $ Adjustments to True Tax Value 55 Equipment not placed in service and/or critical spare parts (50 IAC 4.2-6-1 & 6) per Form 106. Cost $ x 10% $ 56 Tools, dies, jigs, fixtures, etc., per Form 103 – T. (50 IAC 4.2-6-2) Cost $ $ 57 Permanently retired equipment and/or returnable containers per Form 106. Commercial aircraft and commercial bus line fleet, not subject to excise tax per Form 103 – I. Cost $ $ 58 Total True Tax Value of personal property not subject to 30% minimum valuation from Line 52-A2, Column D, Schedule A-2, found on Page 4. Cost $ $ 59 Total additions to True Tax Value. (Lines 55, 56, 57, and 58) $ 60 Total True Tax Value before adjustments for “Abnormal Obsolescence.” (Line 54 plus Line 59) $ 61 Abnormal Obsolescence Adjustment per Form 106. (50 IAC 4.2-4-8) $ 62 Outdoor Advertising Signs per Form 103-OA. (IC 6-1.1-3-24) $ 63 Total True Tax Value of personal property. (To Page 1, Form 103 Summary) $ Page 2 of 4 ---PAGE BREAK--- 27 28 29 30 31 32 33 34 35 36 FORM 103 LONG TANGIBLE PERSONAL PROPERTY SCHEDULE A 1 See 50 IAC 4.2 4 CONFIDENTIAL JANUARY 1, 2026 * Lines 13, 18, 26, and 38 should be used to report personal property that is placed in service after January 1, 2025, and is located in a tax increment allocation area for which the base assessed value was determined before that date. All other acquisitions made during this period should be reported on Schedule A-2, located on Page 4 of this form. (IC 6-1.1-3-29). 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) 56 and 57. ROUND ALL FIGURES BELOW TO THE NEAREST DOLLAR. TOTAL COST OR BASE YEAR VALUE ADJUSTMENTS Detail Must Be Shown on Form 106 ADJUSTED COST T.T.V.% TRUE TAX VALUE POOL NUMBER 1: (1 TO 4 YEAR LIFE) 13* 1-2-25 To 1-1-26 65 14 1-2-24 To 1-1-25 50 15 1-2-23 To 1-1-24 35 16 Prior to 1-2-23 20 17 TOTAL POOL NUMBER 1 $ $ $ $ POOL NUMBER 2: (5 TO 8 YEAR LIFE) 18* 1-2-25 To 1-1-26 40 19 1-2-24 To 1-1-25 56 20 1-2-23 To 1-1-24 42 21 1-2-22 To 1-1-23 32 22 1-2-21 To 1-1-22 24 23 1-2-20 To 1-1-21 18 24 Prior to 1-2-20 15 25 TOTAL POOL NUMBER 2 $ $ $ $ POOL NUMBER 3: (9 TO 12 YEAR LIFE) 26* 1-2-25 To 1-1-26 1-2-24 To 1-1-25 1-2-23 To 1-1-24 1-2-22 To 1-1-23 1-2-21 To 1-1-22 1-2-20 To 1-1-21 1-2-19 To 1-1-20 1-2-18 To 1-1-19 1-2-17 To 1-1-18 1-2-16 To 1-1-17 Prior to 1-2-16 40 60 55 45 37 30 25 20 16 12 10 37 TOTAL POOL NUMBER 3 $ $ $ $ POOL NUMBER 4: (13 YEAR AND LONGER LIFE) 38* 1-2-25 To 1-1-26 40 39 1-2-24 To 1-1-25 60 40 1-2-23 To 1-1-24 63 41 1-2-22 To 1-1-23 54 42 1-2-21 To 1-1-22 46 43 1-2-20 To 1-1-21 40 44 1-2-19 To 1-1-20 34 45 1-2-18 To 1-1-19 29 46 1-2-17 To 1-1-18 25 47 1-2-16 To 1-1-17 21 48 3-2-15 To 1-1-16 15 49 3-2-14 To 3-1-15 10 50 Prior to 3-2-14 5 51 TOTAL POOL NUMBER 4 $ $ $ $ 52 $ $ $ $ NOTE: All Column B adjustments must be supported on Form 106, Form 103 – T, or Form 103 – I. Page 3 of 4 YEAR OF ACQUISITION COLUMN A COLUMN B COLUMN C COLUMN D – - - TOTAL ALL POOLS ---PAGE BREAK--- – - - FORM 103 LONG TANGIBLE PERSONAL PROPERTY SCHEDULE A 2 See 50 IAC 4.2 4 CONFIDENTIAL JANUARY 1, 2026 Schedule A-2 should be used to report personal property that is not subject to the 30% minimum valuation limitation under IC 6-1.1-3-29. This includes personal property placed in service after January 1, 2025 that is not located in a tax increment allocation area for which the base assessed value was determined before that date. * Carry the total from Line 52-A2, Column D of “TOTAL ALL POOLS”, to Line 58 found on Page 2 of this form. The total cost of special tools, dies, jigs, fixtures, etc., permanently retired equipment; commercial aircraft, and commerci al 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) 56 and 57. ROUND ALL FIGURES BELOW TO THE NEAREST DOLLAR. YEAR OF ACQUISITION COLUMN A COLUMN B COLUMN C COLUMN D TOTAL COST OR BASE YEAR VALUE ADJUSTMENTS Detail Must Be Shown on Form 106 ADJUSTED COST T.T.V.% TRUE TAX VALUE POOL NUMBER 1: (1 TO 4 YEAR LIFE) 13-A2 1-2-25 To 1-1-26 65 17-A2 TOTAL POOL NUMBER 1 $ $ $ $ POOL NUMBER 2: (5 TO 8 YEAR LIFE) 18-A2 1-2-25 To 1-1-26 40 25-A2 TOTAL POOL NUMBER 2 $ $ $ $ POOL NUMBER 3: (9 TO 12 YEAR LIFE) 26-A2 1-2-25 To 1-1-26 40 37-A2 TOTAL POOL NUMBER 3 $ $ $ $ POOL NUMBER 4: (13 YEAR AND LONGER LIFE) 38-A2 1-2-25 To 1-1-26 40 51-A2 TOTAL POOL NUMBER 4 $ $ $ $ 52-A2* TOTAL ALL POOLS $ $ $ $ NOTE: All Column B adjustments must be supported on Form 106, Form 103 – T, or Form 103 – I. Filing Basics: The Personal Property Online Portal (PPOPIN) will be discontinued effective January 1, 2026. While no new filings will be accepted, previous filings will still be accessible for historical data at: ppopin.in.gov. Indiana’s personal property tax system is a self-assessment system, so it is the taxpayer’s responsibility to file this form in a timely manner. The forms are also available online on the Department’s website: To learn more about Indiana’s personal property tax system, go to: Additional guidance and filing tips are located on Form 104. Personal property must be assessed in each taxing district where property has a tax situs. For taxpayers with less than $2,000,000 in acquisition costs to be reported within a county, Ind. Code § 6-1.1-3-7.2 exempts this property. If you are claiming this exemption through this form, you must also file Form 104. If you filed a return and claimed this exemption in the previous assessment year and you continue to qualify for this exemption, no return is required. To establish an exemption in a new county, new or existing businesses must file a personal property return during their first year in that new county. Depreciable personal property that is placed in service after January 1, 2025, is not subject to the 30% minimum valuation limitation—except when the property is situated within a tax increment finance (TIF) allocation area whose base assessed value was established prior to January 1, 2025 (IC 6-1.1-3-29(c)). Taxpayers may request up to a thirty (30) day extension to file their return. The written request should be sent to the assessor before the filing deadline of May 15, 2026, and should include a reason for the request. The assessor may, at their discretion, approve or disapprove the request in writing. 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 twelve (12) months of the due date or the extended due date (if up an extension was granted) of their original return. The deadline to amend this return, if no extension has been granted, is May 17, 2027. 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 Form 103 – N, attaching it to Form 103 – Long, and filing it with the assessor. A taxpayer declaring the exemption on Page 1 of this form may, as deemed necessary by the applicable assessor, need to file Form 103 – O or Form 103 – N, as applicable, to verify that the individual is the appropriate taxpayer to claim the exemption. NOTE: Failure to properly disclose lease information may result in a double assessment. (IC 6-1.1-2-4(a)) No return is required if personal property previously reported in this taxing district last year has been sold or relocated. To reduce the possibility of an estimated assessment, taxpayers may elect to notify the assessor of such changes. If a closed business retains property within the taxing district, an assessment may still be required and is determined on a case-by-case basis. Page 4 of 4