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 15-6-202(4) or 15-6-219(5), 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 2012 70% 2011 41% 2010 17% 2009 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 2012 85% 2011 70% 2010 53% 2009 33% 2008 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 2012 92% 2011 86% 2010 79% 2009 70% 2008 64% 2007 56% 2006 45% 2005 36% 2004 30% 2003 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. YEAR NEW/ACQUIRED TRENDED % GOOD 2013 80% 2012 65% 2011 59% 2010 56% 2009 48% 2008 44% 2007 43% 2006 37% 2005 33% 2004 31% 2003 29% 2002 27% 2001 23% 2000 23% 1999 19% 1998 20% 1997 20% 1996 20% 1995 16% 1994 and older 16% (e) For rental video tapes and digital video disks, the following trended depreciation schedule will be used: YEAR NEW/ACQUIRED TRENDED % GOOD 2012 25% 2011 15% 2010 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 15-6-202(4) or 15-6-219(5), MCA, will be assessed and taxed as class eight property. (5) This rule is effective for tax years beginning after December 31, 2012.