ARM 42.21.113. LEASED AND RENTAL EQUIPMENT

(1) Leased or rental equipment that is leased or rented on an hourly, daily, or weekly basis, but is not exempt under 15-6-219, MCA, will be valued in the following manner: (a) For equipment that has an acquired cost of $0 to $500, the department shall use a four-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 1. YEAR NEW/ACQUIRED TRENDED % GOOD 2008 70% 2007 38% 2006 16% 2005 and older 8% (b) For equipment that has an acquired cost of $501 to $1,500, the department shall use a five-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 2. YEAR NEW/ACQUIRED TRENDED % GOOD 2008 85% 2007 71% 2006 53% 2005 35% 2004 and older 21% (c) For equipment that has an acquired cost of $1,501 to $5,000, the department shall use a ten-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 8. YEAR NEW/ACQUIRED TRENDED % GOOD 2008 92% 2007 86% 2006 80% 2005 73% 2004 65% 2003 56% 2002 45% 2001 35% 2000 28% 1999 and older 24% (d) For equipment that has an acquired cost of $5,001 to $15,000, the department shall use the trended depreciation schedule for heavy equipment. The schedule will be the same as ARM 42.21.131. YEAR NEW/ACQUIRED TRENDED % GOOD 2009 80% 2008 65% 2007 63% 2006 56% 2005 50% 2004 44% 2003 40% 2002 37% 2001 35% 2000 32% 1999 28% 1998 29% 1997 29% 1996 29% 1995 26% 1994 26% 1993 24% 1992 23% 1991 22% 1990 and older 22% (e) For rental video tapes and digital video disks the following schedule will be used: YEAR NEW/ACQUIRED TRENDED % GOOD 2008 25% 2007 15% 2006 and older 10% (2) For all other leased property that is not rented on an hourly, daily, or weekly basis, the valuation procedures shall be the same as other like personal property. (3) When a special mobile permit (SM plate), as defined in 61-1-104, MCA, is purchased for lease or rental equipment, the equipment will be classified and valued the same as other SM equipment in class eight. (4) All leased and rental property not exempt under 15-6-201(1)(cc), MCA, will be assessed and taxed as class eight property. (5) This rule is effective for tax years beginning after December 31, 2008.