Form Ptf 693 - Business Equipment Tax Exemption Application (Page 2 of 2) in pdf

What is BETE (Business Equipment Tax Exemption)? BETE is a 100% property tax exemption

for eligible property first subject to tax on or after 4/1/08. There is no time limit on the length of

exemption. BETE does not replace BETR (Business Equipment Tax Reimbursement); the BETR

application must be filed to receive reimbursement on any BETR qualifying property.

1. When and where to file application? This application is to be filed by April 1

of each year

with the local assessor even if no changes in property status occur. An automatic extension to

May 1

is awarded if the April 1

deadline is not met. An Assessor may extend beyond May 1

upon receipt of written request.

2. What property is BETE eligible business equipment? Eligible business equipment is

qualified property that, in the absence of this subchapter, would first be subject to assessment

under this part on or after April 1, 2008 and includes repair parts, replacement parts, replacement

equipment, additions, accessions and accessories to other business property and inventory parts.

3. What property does not qualify for BETE? Property that does not qualify includes office

furniture, lamps and lighting fixtures used primarily for general office or worker lighting,

property owned or used by an excluded person, telecommunications personal property, gambling

machines or devices, and property located at a retail sales facility and used primarily in a retail

sales activity.

4. Who does not qualify for BETE? Property owned or used by an “excluded person” does not

qualify. Excluded person includes a public utility, person providing radio paging service, person

providing mobile telecommunications services, cable television company, person providing

satellite based direct television broadcast services and a person providing multichannel multipoint

television services.

5. What is excluded from BETE? BETE does not apply to property located at a retail sales

facility and used primarily in a retail sales activity. Such property may qualify for reimbursement

under the BETR program. A retail sales facility is a structure used to serve customers who are

present at the facility for the purpose of selecting and purchasing goods or services at retail or for

renting tangible personal property. A warehouse or call center facility is not considered a retail

sales facility. Retail sales activity is associated with the selection and purchase of goods or

services of tangible personal property. Manufacturing or processing is not considered retail sales

activity.

INSTRUCTIONS

Date Purchased or Acquired: list date equipment purchased by you.

Date First Placed in Service: list date equipment first put into service in Maine.

Item Description: detail description of equipment; “machinery” or “fixtures” is not sufficient.

Purchase Price: list amount you paid for this piece of equipment.

Current Value: list the current value of this piece of equipment.

Life Expectancy (years): list the number of years this equipment is expected to remain in use.

***********************FOR ASSESSORS ONLY***********************

Approval Date _____________

Effective Tax Year _____________ Account #__________

Approved By ________________________________________________ Date______________

Page 2

Form Ptf 693 - Business Equipment Tax Exemption Application Page 2

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