Form 633 - Distribution Personal Property Statement - 2009 Page 2
Download a blank fillable Form 633 - Distribution Personal Property Statement - 2009 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 633 - Distribution Personal Property Statement - 2009 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4Form 633, Page 2
Instructions for Form 633, Distribution of Personal Property
b. Multiply the allocation factor for each year times 25% of
PERSONAL PROPERTY STATEMENT
the Retirements that were reported for 2008. Enter the re-
Complete page 1 for each assessing unit using the average
sult in Column B.1 for years 2007 through 1995.
costs calculated on Schedule 1A, column H.
c. At the line "1994 and Prior," Column B.1, enter 75% of
Use Form L-4175, Personal Property Statement, to report
the Retirements that occurred in 2008.
furniture and fixtures, machinery and equipment, office elec-
tronic, video, and testing equipment, and computer equip-
NOTE: If 12 months of Additions and Retirements as of
ment. Report electric transmission substations on Form 3589,
December 31, 2008 are not known, use what is available,
Cable Television and Public Utility Property Report,
such as, 12 months ending November 30. Then use 12
Table I. Report stationary electric generating equipment on
months ending November 30 reporting each year.
Form 3991, Gas Turbine and Diesel Electric Generator
COLUMN B.2 - ASSESSABLE PLANT
Property Report.
For Year 2008 Only Column B.2 is the same as Column B.
SCHEDULE 1, CALCULATION OF PERCENT
CONDITION FACTOR
For years 2007 through 1994, each line is Column B minus
Column B.1.
Schedules 1 and 1A must be filed with the State Tax
Commission as soon as available each year. Round all
COLUMN C - LAND AND LAND RIGHTS
monetary entries to the nearest dollar. Reported costs
Enter the original costs of the Land and Land Rights.
should be in compliance with the STC's Bulletin 8 of
Repeat instructions for Column C for Column D,
2007.
Distribution Substations. Report Substations on STC Form
3589.
COLUMN A - YEAR has been filled in.
COLUMN E - REMAINING COST OF
COLUMN B - ADDITIONS TO DISTRIBUTION
DISTRIBUTION PLANT IN SERVICE AT YEAR
PLANT
END
Enter the original cost of additions, as adjusted for allocated
Subtract columns C and D from column B.2.
retirements in prior years. Do not include Construction
Work-In-Progress.
COLUMN G - PLANT VALUE
Multiply column E by column F.
COLUMN B.1 - YEAR 2008
On October 28, 2004, the STC determined that:
CALCULATION OF PERCENT CONDITION
FACTOR
Retirements in the current year shall no longer be netted
Column F Totals line is the total of column G divided by the
against the cost of additions in the current year, and instead:
total of Column E, in percent.
75% of the retirements in the current year shall be sub-
SCHEDULE 1A - CALCULATION OF AVERAGE
tracted from the oldest vintage year on the form and the
COST OF UNITS
remaining 25% of the retirements shall be subtracted from
the reported gross investment amount (Additions to Distri-
Schedule 1A is used to prepare Form 633, page 1, for each
bution Plant on Schedule 1) for each of the other vintage
individual taxing unit.
years on the personal property statement on a weighted
(proportional) basis, excluding the most recent vintage year.
Send one copy of pages 3 and 4 to:
A. Enter the total retirements of Distribution Plant for the
State Tax Commission
year 2008 in the Year Row under B.1.
Assessment and Certification Division
B.- Allocation of Retirements that Occurred in 2008
P.O. Box 30471
Lansing, MI 48909-7971
a. Calculate the allocation factor for each vintage year by
using the ratio of additions in Column B for that vintage
Copies can also be e-mailed to: berquistd@michigan.gov.
year to the sum of reported additions for years 1995 through
2007.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial