ARM 42.21.131. HEAVY EQUIPMENT

(1) The wholesale market value of heavy equipment shall be the quick sale as shown in the "Green Guide" and "Green Guide for Older Equipment" for the current year of assessment. This guide may be reviewed in the department or purchased from the publisher and is incorporated by reference: Dataquest, 1290 Ridder Park Drive, San Jose, California 95131. (2) For all heavy equipment which cannot be valued under (1), the department shall try to ascertain the original FOB through old heavy equipment valuation guidebooks. If an original FOB cannot be ascertained, the department may use trending to determine the FOB. The FOB or "trended" FOB will be used in conjunction with the depreciation schedule in (5) to arrive at a value which approximates wholesale value. The trend factors are the most recent available in the Marshall Valuation Service Manual for the year of assessment. The Marshall Valuation Service Manual published by Marshall and Swift Publication Company, 915 Wilshire Boulevard, 8th Floor, P.O. Box 26307, Los Angeles, California 90026-0307, is adopted by reference. (3) For equipment that cannot be valued under (1) and (2), the value for heavy equipment shall be ascertained by trending the quick sale as found in the guide in (1), for the same make and model. The trend factors are the same as those mentioned in (2). (4) The wholesale market value of heavy equipment that cannot be valued under (1), (2), or (3) shall be the acquired cost, as certified by the owner or applicant to the department as applied to the depreciation schedule in (5). The department may require proof from the taxpayer to certify the accuracy of the acquired cost. (5) The trended depreciation schedule referred to in (2), (3), and (4) is listed below and shall be used for tax year 2008. The values derived through the use of these percentages approximate the "quick sale" values as calculated in the guidebooks listed in (1). HEAVY EQUIPMENT TRENDED DEPRECIATION SCHEDULE TRENDED % GOOD YEAR NEW/ACQUIRED WHOLESALE 2008 80% 2007 65% 2006 58% 2005 55% 2004 50% 2003 45% 2002 42% 2001 38% 2000 35% 1999 32% 1998 30% 1997 30% 1996 29% 1995 29% 1994 27% 1993 25% 1992 24% 1991 23% 1990 23% 1989 and older 22% (6) This rule is effective for tax years beginning after December 31, 2007, and applies to all heavy equipment.