Form Fp-31 - Personal Property Tax - 2008 (Page 7 of 24) in pdf

DEPRECIATION GUIDELINES

Assets (excluding qualified technological equipment) may not be depreciated in excess of 75% of the original cost.

Qualified technological equipment may not be depreciated in excess of 90% of the original cost. Each category includes,

but is not limited to, the items listed below. Examples of items included in some categories are provided in parentheses.

Category A: 6.67% depreciation per year

(6) Junk yard machinery and equipment

(7) Meat, fruit, and vegetable packing equipment

(1) Antennas, transmitting towers, fiber optic cables, shelters,

satellite dishes and repeaters

(8) Meters, tickometers and automatic mailer equipment

(9) Music boxes

(2) Cement gravel and sand bins

(10) Non-registered motor vehicles (forklifts and golf carts)

(3) Pianos and organs

(4) Plating equipment

(11) Pipe contractor machinery and equipment

(5) Safes

(12) Radio, television, telecommunications, microwave and satel-

lite transmitting systems (multiplexers, switches, transmitters,

(6) Watercraft, docks, slips, wharves, piers and floating equipment

(boats, ships, barges)

receivers, telephones, fiber optic equipment, terminal equip-

ment)

Category B: 10% depreciation per year

(13) Recreation, health fitness, health club, golf course and sport-

ing equipment

1(1) Air conditioning equipment (compressors, ducts, package

units and window units)

(14) Special equipment mounted on any motor vehicle (welders,

compressors)

1(2) Asphalt, cement and slurry plants and equipment

(15) Trailers

1(3) Automobile repair shop and gasoline service station equip-

ment

(16) Vending machines (cigarettes, slot, change, soft drink, food)

1(4) Automobile sales agency furniture, fixtures and equipment

Category D: 20% depreciation per year

1(5) Bakery equipment

1(6) Banking furniture, fixtures and equipment (automatic teller

(1) Blinds, drapes and shades (used as secondary window cov-

machines)

ering)

(2) Brain scanners, CAT scanners, MRI scanners and dialysis

1(7) Barber shop, beauty salon and cosmetic salon furniture, fix-

equipment

tures and equipment

1(8) Bottling equipment

(3) Canvas

(4) Carpets over finished floor, loose carpet and rugs

1(9) Bowling alley equipment

(5) Coffee makers and soda fountain equipment

(10) Burglar alarm, security alarm and monitoring systems

(11) Catering equipment

(6) Computers and related peripheral equipment (excluding

(12) Clay products manufacturing equipment

qualified technological equipment)

(7) Duplicating machines, photocopiers and photographic equip-

(13) Cold storage, ice making and refrigeration equipment

(14) Conveyors

ment

(15) Dentists and physicians office furniture and equipment

(8) Hot air balloons

(9) Outdoor Christmas decorations

(16) Department store furniture, fixtures and equipment

(10) Portable toilets

(17) Drug store furniture, fixtures and equipment

(18) Emergency power generators

(11) Self-service laundries (washers, dryers)

(12) Swimming pool furniture, fixtures and equipment

(19) Fire extinguishing systems

(13) Telephone answering equipment (beepers)

(20) Garbage disposals, trash compactors and trash containers

(21) Hotel and motel furniture, fixtures and equipment (restaurant,

(14) Television, stereo, radio and recorder equipment

bar, meeting rooms, office rooms, lobby and other public

(15) Test equipment and electronic manufacturing equipment

(16) Wood pallets (used in warehouses)

rooms)

(22) Intercom systems

Category E: 30% depreciation per year

(23) Kitchen equipment

(1) Qualified technological equipment

(24) Laundry and dry cleaning equipment

(25) Libraries

Category F: 50% depreciation per year

(26) Mail chutes and mail boxes

(1) Amusement arcade machines, pinball machines and video

(27) Musical instruments (portable)

games

(28) Office furniture, fixtures and equipment (any kind whether

modular or system furniture, desks, chairs, cabinets, shelving,

(2) Cable T.V. decoders

awnings, typewriters, calculators, adding machines, files, parti-

(3) China, glassware, pots, pans, serving dishes, utensils and

silverware (in service)

tions, carrels, cash registers, paper cutters, etc.)

(29) Paper products industry machinery and equipment

(4) Linens (in service)

(30) Printing industry machinery and equipment

(5) Microfilms, movie films and video movie tapes

(6) Small hand tools

(31) Pulp industry machinery and equipment

(7) Tuxedos and uniforms (in service)

(32) Restaurant, carry out, supermarket and delicatessen furniture,

fixtures and equipment

Category G: No depreciation — report at 100% of cost

(33) Shoe repairing furniture, fixtures and equipment

(1) Antiques, tapestries and oriental rugs (items appreciating in

(34) Signs (neon and others)

(35) Special tools (dies, jigs, gauges, molds)

value)

(36) Surveying and drafting equipment

(2) Chemicals

(3) Cleaning, office and other supplies

(37) Theater furniture and equipment

(38) X-ray and diagnostic equipment

(4) China, glassware, pots, pans, serving dishes, utensils and

(39) Wax museum (wax figures, displays, sets, barriers, rails)

silverware (new in reserve)

(5) Linens (new in reserve)

Category C: 12.5% depreciation per year

(6) Oil paintings and sculptures (items appreciating in value)

(1) Building and lawn maintenance equipment

(7) Paper products

(8) Tuxedos and uniforms (new in reserve)

(2) Car wash equipment

(3) Construction, road paving and road maintenance equipment

(4) Fabricated metal products machinery and equipment (machine

shop)

(5) Hospital and nursing home furniture, fixtures and equipment

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Form Fp-31 - Personal Property Tax - 2008 Page 7

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