ARM 42.21.113. LEASED AND RENTAL EQUIPMENT

(1) Leased or rental equipment that is leased or rented on an hourly, daily, weekly, semimonthly, or monthly basis, but is not exempt under 15-6-219(5) or 15-6-202(4), 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 2011 70% 2010 41% 2009 18% 2008 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 2011 85% 2010 69% 2009 50% 2008 35% 2007 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 2011 92% 2010 85% 2009 77% 2008 72% 2007 64% 2006 56% 2005 46% 2004 36% 2003 29% 2002 and older 25% (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 . ADMINISTRATIVE RULES OF MONTANA 3/31/12 42-2139 42.21.113 DEPARTMENT OF REVENUE YEAR NEW/ACQUIRED TRENDED % GOOD 2011 80% 2010 65% 2009 58% 2008 51% 2007 45% 2006 42% 2005 35% 2004 31% 2003 30% 2002 30% 2001 26% 2000 23% 1999 19% 1998 20% 1997 19% 1996 20% 1995 15% 1994 16% 1993 and older 16% (e) For rental video tapes and digital video disks the following schedule will be used: YEAR NEW/ACQUIRED TRENDED % GOOD 2011 25% 2010 15% 2009 and older 10% (2) For all other leased property that is not rented on an hourly, daily, weekly, semimonthly, or monthly basis, the valuation procedures shall be the same as other like personal property. (3) When a special mobile permit (SM plate), as defined in 61-4-101(66), 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 15-6-219(5) or 15-6-202(4), MCA, will be assessed and taxed as class eight property. (5) This rule is effective for tax years beginning after December 31, 2011.