(a) All partnerships, corporations, other business associations not issuing stock and individuals operating for profit as a business or profession, including manufacturers, except those whose property is entirely assessable by the comptroller of the treasury, shall be furnished by the assessor not later than February 1 of each year, a schedule requiring the taxpayer to list in detail all tangible personal property owned by the taxpayer and used or held for use in such business or profession, including, but not limited to, furniture, fixtures, machinery and equipment, all raw materials, supplies, but excluding all finished goods in the hands of the manufacturer and the inventories of merchandise held for sale or exchange, such schedule to be approved by the director of property assessments. Failure of the assessor to send a schedule or failure of the taxpayer to receive a schedule shall not relieve or excuse any taxpayer from filing such schedule by March 1, nor shall it prevent the assessor from issuing a forced assessment against the taxpayer.(b) The taxpayer shall list fully the tangible personal property used, or held for use, in the taxpayer's business or profession on the assessor from issuing a forced assessment against the taxpayer.(b) The taxpayer shall list fully the tangible personal property used, or held for use, in the taxpayer's business or profession on the schedule, including such other information relating to the property as may be required by the assessor, place its correct value on the schedule, sign the schedule, and return it to the assessor on or before March 1 of each year. In lieu of detailing acquisition cost on the reporting schedule, the taxpayer may certify that the depreciated value of tangible personal property otherwise reportable on the form is either two thousand dollars ($2,000) or less, or ten thousand dollars ($10,000) or less but greater than two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form is two thousand dollars ($2,000) or less, then the assessor shall accept the certification, subject to audit, and fix the value of tangible personal property assessable to the taxpayer at two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form ible personal property assessable to the taxpayer at two thousand dollars ($2,000). If the taxpayer certifies that the depreciated value of tangible personal property otherwise reportable on the form is ten thousand dollars ($10,000) or less but greater than two thousand dollars ($2,000), then the assessor shall accept the certification, subject to audit, and fix the value of tangible personal property assessable to the taxpayer at ten thousand dollars ($10,000). This value is subject to equalization pursuant to § 67-5-1509. The certification stated on the schedule must warn the taxpayer that it is made subject to penalties for perjury, and subject to statutory penalty and costs, if proven false. The taxpayer shall designate on the schedule one (1) or more individuals as owner or owners of the business, or a responsible person or persons in the event of dissolution of a corporate or limited liability entity, for the purposes of § 67-5-513(a).(c) A taxpayer who fails, refuses or neglects to complete, sign and file the schedule with the assessor of property as provided in subsection (b) shall be deemed to have waived objections to the forced assessment determined by the assessor, ects to complete, sign and file the schedule with the assessor of property as provided in subsection (b) shall be deemed to have waived objections to the forced assessment determined by the assessor, subject only to the remedies provided in subsection (d). In determining a forced assessment, the assessor shall consider available evidence indicative of the fair market value of property assessable to the taxpayer under this section, and having determined the assessable value of the property, the assessor shall give the taxpayer notice of the assessment by United States mail, addressed to the last known address of the taxpayer or the taxpayer's agent at least five (5) calendar days before the local board of equalization commences its annual session.(d) The remedies of a taxpayer against whom a forced assessment is made are as follows:(1) The taxpayer may appeal to the county board of equalization pursuant to § 67-5-1407, but shall present a completed schedule as otherwise provided in this section;(2) If the deadline to appeal to the county board of equalization has expired, then the taxpayer may request the assessor to mitigate the forced assessment by reducing the forced assessment s section;(2) If the deadline to appeal to the county board of equalization has expired, then the taxpayer may request the assessor to mitigate the forced assessment by reducing the forced assessment to the standard depreciated value of the taxpayer's assessable property plus twenty-five percent (25%), so long as the failure to file the schedule or failure to timely appeal to the county board of equalization was not the result of gross negligence or willful disregard of the law. Mitigation of the forced assessment shall follow the procedure, including appeal, prescribed for correction of error under § 67-5-509, but must be requested within the same deadline as provided for amendment of a schedule pursuant to subsection (e). Gross negligence shall be presumed if notice of the forced assessment, in a form approved by the state board of equalization, was sent certified mail, return receipt requested, to the taxpayer's last known address on file with the assessor;(3) Whether or not an assessor's error affected the original assessment, the assessor may correct a forced assessment using the procedure provided and subject to the deadlines provided in § 67-5-509, upon determining that the ssor's error affected the original assessment, the assessor may correct a forced assessment using the procedure provided and subject to the deadlines provided in § 67-5-509, upon determining that the taxpayer was not in business as of the assessment date for the year at issue, and upon determining that the taxpayer did not own or lease tangible personal property used or held for use in a business as of the assessment date for the year at issue.(e) The taxpayer may amend a timely filed personal property schedule at any time on or before September 1 following the tax year. A personal property schedule may be amended for the following reasons only: adding or deleting of property to correctly reflect the status of the property as of the assessment date; correcting the reported cost or vintage year of property; correcting the name or address of the taxpayer; deleting property that has been reported more than once resulting in a duplicate assessment; reporting property in the appropriate group; and correcting other reporting clerical errors. However, under no circumstances shall a taxpayer be permitted to amend a personal property schedule to submit an original claim for nonstandard group; and correcting other reporting clerical errors. However, under no circumstances shall a taxpayer be permitted to amend a personal property schedule to submit an original claim for nonstandard value for property that was not the subject of a properly documented claim of nonstandard value in the timely filed personal property schedule. If the assessor agrees with the amended schedule, the assessor shall thereupon revise the assessment and certify the revised assessment to the trustee. If the assessor believes the assessment should be otherwise than claimed in the amended schedule, the assessor shall adjust the assessment and give written notice to the taxpayer of the adjusted assessment. The taxpayer may appeal the assessor's adjustment of or refusal to accept an amended assessment schedule to the local and state boards of equalization in the manner otherwise provided by law. Additional taxes due as the result of an amended schedule shall not be deemed delinquent on or before sixty (60) days after the date notice of the amended assessment was sent to the taxpayer. Amendment of a personal property schedule shall not be permitted once suit has been filed to collect delinquent xty (60) days after the date notice of the amended assessment was sent to the taxpayer. Amendment of a personal property schedule shall not be permitted once suit has been filed to collect delinquent taxes related to the original assessment. The assessor shall, within sixty (60) days from receipt of the taxpayer's amended schedule, review and accept or reject the schedule. In any event, the taxpayer shall be notified in writing of the results of the review. If the assessor has not notified the taxpayer that the amended schedule has been accepted or rejected within sixty (60) days, the taxpayer's amended schedule shall be deemed not accepted by the assessor.(f) The schedule approved by the director of property assessments and supplied to taxpayers shall contain schedules reflecting the following rates of allowable depreciated cost for the listed categories of property, as well as spaces for general data on the particular taxpayer: GROUP 1A - Vehicles (five-year life)YearCost on FileRevised g rates of allowable depreciated cost for the listed categories of property, as well as spaces for general data on the particular taxpayer: GROUP 1A - Vehicles (five-year life)YearCost on FileRevised CostDepr.1.80_____________________________________________________________________________________2.60_____________________________________________________________________________________3.40_____________________________________________________________________________________4.20_____________________________________________________________________________________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 1B (eight-year life)_____________________________________________________________________________________GROUP 1 - Furniture, Fixtures, General Equipment, and All Other Property Not Listed in Another GroupYearCost on FileRevised ____________________________________________________________________________GROUP 1 - Furniture, Fixtures, General Equipment, and All Other Property Not Listed in Another GroupYearCost on FileRevised CostDepr.1.88_____________________________________________________________________________________2.75_____________________________________________________________________________________3.63_____________________________________________________________________________________4.50_____________________________________________________________________________________5.38_____________________________________________________________________________________6.25_____________________________________________________________________________________7.20_____________________________________________________________________________________Prior_____________________________________________________________________________________GROUP 2 - Computers, Copiers, Peripherals, and Tools (three-year life)YearCost on FileRevised ________________Prior_____________________________________________________________________________________GROUP 2 - Computers, Copiers, Peripherals, and Tools (three-year life)YearCost on FileRevised CostDepr._____________________________________________________________________________________1.67_____________________________________________________________________________________2.33_____________________________________________________________________________________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 3 - Molds, Dies, and Jigs (four-year life)YearCost on FileRevised CostDepr.1.75_____________________________________________________________________________________2.50_____________________________________________________________________________________3.25_____________________________________________________________________________________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 4 - _______Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ________GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _______GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ______GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _____GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ____GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ___GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised __GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised _GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised GROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ROUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised OUP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised UP 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised P 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised 4 - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised - Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised Aircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ircraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised rcraft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised craft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised raft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised aft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ft, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised t, Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised , Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised Boats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised oats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ats and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised ts and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised s and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised and Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised nd Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised d Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised Towers (not classified as real property) (thirteen-year life)YearCost on FileRevised owers (not classified as real property) (thirteen-year life)YearCost on FileRevised wers (not classified as real property) (thirteen-year life)YearCost on FileRevised ers (not classified as real property) (thirteen-year life)YearCost on FileRevised rs (not classified as real property) (thirteen-year life)YearCost on FileRevised s (not classified as real property) (thirteen-year life)YearCost on FileRevised (not classified as real property) (thirteen-year life)YearCost on FileRevised (not classified as real property) (thirteen-year life)YearCost on FileRevised not classified as real property) (thirteen-year life)YearCost on FileRevised ot classified as real property) (thirteen-year life)YearCost on FileRevised t classified as real property) (thirteen-year life)YearCost on FileRevised classified as real property) (thirteen-year life)YearCost on FileRevised classified as real property) (thirteen-year life)YearCost on FileRevised lassified as real property) (thirteen-year life)YearCost on FileRevised assified as real property) (thirteen-year life)YearCost on FileRevised ssified as real property) (thirteen-year life)YearCost on FileRevised sified as real property) (thirteen-year life)YearCost on FileRevised ified as real property) (thirteen-year life)YearCost on FileRevised fied as real property) (thirteen-year life)YearCost on FileRevised ied as real property) (thirteen-year life)YearCost on FileRevised ed as real property) (thirteen-year life)YearCost on FileRevised d as real property) (thirteen-year life)YearCost on FileRevised as real property) (thirteen-year life)YearCost on FileRevised as real property) (thirteen-year life)YearCost on FileRevised s real property) (thirteen-year life)YearCost on FileRevised real property) (thirteen-year life)YearCost on FileRevised real property) (thirteen-year life)YearCost on FileRevised eal property) (thirteen-year life)YearCost on FileRevised al property) (thirteen-year life)YearCost on FileRevised l property) (thirteen-year life)YearCost on FileRevised property) (thirteen-year life)YearCost on FileRevised property) (thirteen-year life)YearCost on FileRevised roperty) (thirteen-year life)YearCost on FileRevised operty) (thirteen-year life)YearCost on FileRevised perty) (thirteen-year life)YearCost on FileRevised erty) (thirteen-year life)YearCost on FileRevised rty) (thirteen-year life)YearCost on FileRevised ty) (thirteen-year life)YearCost on FileRevised y) (thirteen-year life)YearCost on FileRevised ) (thirteen-year life)YearCost on FileRevised (thirteen-year life)YearCost on FileRevised (thirteen-year life)YearCost on FileRevised thirteen-year life)YearCost on FileRevised hirteen-year life)YearCost on FileRevised irteen-year life)YearCost on FileRevised rteen-year life)YearCost on FileRevised teen-year life)YearCost on FileRevised een-year life)YearCost on FileRevised en-year life)YearCost on FileRevised n-year life)YearCost on FileRevised -year life)YearCost on FileRevised year life)YearCost on FileRevised ear life)YearCost on FileRevised ar life)YearCost on FileRevised r life)YearCost on FileRevised life)YearCost on FileRevised life)YearCost on FileRevised ife)YearCost on FileRevised fe)YearCost on FileRevised e)YearCost on FileRevised )YearCost on FileRevised YearCost on FileRevised earCost on FileRevised arCost on FileRevised rCost on FileRevised CostDepr.1.92_____________________________________________________________________________________2.85_____________________________________________________________________________________3.77_____________________________________________________________________________________4.69_____________________________________________________________________________________5.62_____________________________________________________________________________________6.54_____________________________________________________________________________________7.46_____________________________________________________________________________________8.38_____________________________________________________________________________________9.31_____________________________________________________________________________________10.23_____________________________________________________________________________________11.20_____________________________________________________________________________________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP ___________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 5 - Manufacturing Machinery (eight-year life)YearCost on FileRevised CostDepr._____________________________________________________________________________________1.88_____________________________________________________________________________________2.75_____________________________________________________________________________________3.63_____________________________________________________________________________________4.50_____________________________________________________________________________________5.38_____________________________________________________________________________________6.25_____________________________________________________________________________________7.20_____________________________________________________________________________________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 6 - Billboards, Tanks, _________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ________GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _______GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ______GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _____GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ____GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ___GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised __GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised _GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised GROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ROUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised OUP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised UP 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised P 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised 6 - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised - Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised Billboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised illboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised llboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised lboards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised boards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised oards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ards, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised rds, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ds, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised s, Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised , Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised Tanks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised anks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised nks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ks, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised s, and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised , and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised and Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised nd Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised d Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised Pipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ipelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised pelines (unless classified as real property) (sixteen-year life)YearCost on FileRevised elines (unless classified as real property) (sixteen-year life)YearCost on FileRevised lines (unless classified as real property) (sixteen-year life)YearCost on FileRevised ines (unless classified as real property) (sixteen-year life)YearCost on FileRevised nes (unless classified as real property) (sixteen-year life)YearCost on FileRevised es (unless classified as real property) (sixteen-year life)YearCost on FileRevised s (unless classified as real property) (sixteen-year life)YearCost on FileRevised (unless classified as real property) (sixteen-year life)YearCost on FileRevised (unless classified as real property) (sixteen-year life)YearCost on FileRevised unless classified as real property) (sixteen-year life)YearCost on FileRevised nless classified as real property) (sixteen-year life)YearCost on FileRevised less classified as real property) (sixteen-year life)YearCost on FileRevised ess classified as real property) (sixteen-year life)YearCost on FileRevised ss classified as real property) (sixteen-year life)YearCost on FileRevised s classified as real property) (sixteen-year life)YearCost on FileRevised classified as real property) (sixteen-year life)YearCost on FileRevised classified as real property) (sixteen-year life)YearCost on FileRevised lassified as real property) (sixteen-year life)YearCost on FileRevised assified as real property) (sixteen-year life)YearCost on FileRevised ssified as real property) (sixteen-year life)YearCost on FileRevised sified as real property) (sixteen-year life)YearCost on FileRevised ified as real property) (sixteen-year life)YearCost on FileRevised fied as real property) (sixteen-year life)YearCost on FileRevised ied as real property) (sixteen-year life)YearCost on FileRevised ed as real property) (sixteen-year life)YearCost on FileRevised d as real property) (sixteen-year life)YearCost on FileRevised as real property) (sixteen-year life)YearCost on FileRevised as real property) (sixteen-year life)YearCost on FileRevised s real property) (sixteen-year life)YearCost on FileRevised real property) (sixteen-year life)YearCost on FileRevised real property) (sixteen-year life)YearCost on FileRevised eal property) (sixteen-year life)YearCost on FileRevised al property) (sixteen-year life)YearCost on FileRevised l property) (sixteen-year life)YearCost on FileRevised property) (sixteen-year life)YearCost on FileRevised property) (sixteen-year life)YearCost on FileRevised roperty) (sixteen-year life)YearCost on FileRevised operty) (sixteen-year life)YearCost on FileRevised perty) (sixteen-year life)YearCost on FileRevised erty) (sixteen-year life)YearCost on FileRevised rty) (sixteen-year life)YearCost on FileRevised ty) (sixteen-year life)YearCost on FileRevised y) (sixteen-year life)YearCost on FileRevised ) (sixteen-year life)YearCost on FileRevised (sixteen-year life)YearCost on FileRevised (sixteen-year life)YearCost on FileRevised sixteen-year life)YearCost on FileRevised ixteen-year life)YearCost on FileRevised xteen-year life)YearCost on FileRevised teen-year life)YearCost on FileRevised een-year life)YearCost on FileRevised en-year life)YearCost on FileRevised n-year life)YearCost on FileRevised -year life)YearCost on FileRevised year life)YearCost on FileRevised ear life)YearCost on FileRevised ar life)YearCost on FileRevised r life)YearCost on FileRevised life)YearCost on FileRevised life)YearCost on FileRevised ife)YearCost on FileRevised fe)YearCost on FileRevised e)YearCost on FileRevised )YearCost on FileRevised YearCost on FileRevised earCost on FileRevised arCost on FileRevised rCost on FileRevised Cost on FileRevised ost on FileRevised st on FileRevised t on FileRevised on FileRevised on FileRevised n FileRevised FileRevised FileRevised ileRevised leRevised eRevised Revised evised vised ised sed ed d CostDepr.1.94_____________________________________________________________________________________2.88_____________________________________________________________________________________3.81_____________________________________________________________________________________4.75_____________________________________________________________________________________5.69_____________________________________________________________________________________6.63_____________________________________________________________________________________7.56_____________________________________________________________________________________8.50_____________________________________________________________________________________9.44_____________________________________________________________________________________10.38_____________________________________________________________________________________11.31_____________________________________________________________________________________12.25_____________________________________________________________________________________13.20_____________________________________________________________________________________Prior.20______________________ ________________________________________________________________________________13.20_____________________________________________________________________________________Prior.20_____________________________________________________________________________________TOTAL_____________________________________________________________________________________GROUP 7 - Scrap PropertyYearCost on FileRevised CostDepr.All.02__________________________________________________________________________________________________________________________________________________________________________GROUP 8 - Raw Materials and SuppliesCost on FileRevised CostOriginal cost(g)(1) Tangible personal property that the taxpayer treats as construction-in-process (CIP) for federal income tax purposes as of the assessment date may be reported in the taxpayer's schedule filed with the assessor at fifteen percent (15%) of its cost as reported for federal income tax purposes. Qualified pollution control property shall be valued as provided in § 67-5-604, notwithstanding its state of completion.(2) No back assessments of CIP, as the term is used in subdivision (g)(1), shall occur prior to January 1, 1994. rty shall be valued as provided in § 67-5-604, notwithstanding its state of completion.(2) No back assessments of CIP, as the term is used in subdivision (g)(1), shall occur prior to January 1, 1994. If back assessments have occurred involving CIP, those assessments shall be voided and all taxes paid shall be refunded to those taxpayers who have an action or claim pending before an assessing authority or court on the CIP issue.(h) Property classified as computers under Group 2 shall include all operational computer software. For purposes of this section, 'operational computer software' means embedded software so integral to the operation of a computer that the computer could not perform any valuable or useful function without the software. All other computer software, whether prepackaged or custom, is deemed intangible personal property for purposes of this part and is not subject to tax under this part. If computer software other than operational computer software is included in the sale or lease price of a computer without being separately stated, the cost of the software that is not operational computer software shall be included in the reported cost of the computer, unless an sale or lease price of a computer without being separately stated, the cost of the software that is not operational computer software shall be included in the reported cost of the computer, unless an appropriate deduction is established by a claim of nonstandard value or by other means provided under rules of the state board of equalization. This subsection (h) shall not be construed to affect the value or taxable status of any other property subject to tax under this chapter. Nothing in this subsection (h) shall affect a taxpayer's right under § 67-5-902, to seek a value different from a standard depreciated cost, where the value more closely approximates fair market value.Amended by 2023 Tenn. Acts, ch. 341, s 1, eff. 7/1/2024.Amended by 2014 Tenn. Acts, ch. 938,s 3, eff. 5/19/2014.Amended by 2013 Tenn. Acts, ch. 353, s 33, eff. 5/13/2013.Acts 1973, ch. 226, § 6; 1975, ch. 171, § 12; 1978, ch. 700, § 1; T.C.A., § 67-620; Acts 1990, ch. 898, §§ 3, 5; 1990, ch. 1075, § 2; 1993, ch. 323, §§ 1, 2; 1995, ch. 305, § 124; 1996, ch. 833, § 1; 1998, ch. 898, § 1; 2000, ch. 649, § 3; 2006, ch. 821, § 1; 2007 , ch. 37, § 1; 2007 , ch. 38, § 1; 2007 , ch. 132, §§ 2, 3; 2007 , ch. 93, ch. 323, §§ 1, 2; 1995, ch. 305, § 124; 1996, ch. 833, § 1; 1998, ch. 898, § 1; 2000, ch. 649, § 3; 2006, ch. 821, § 1; 2007 , ch. 37, § 1; 2007 , ch. 38, § 1; 2007 , ch. 132, §§ 2, 3; 2007 , ch. 179, § 1; 2007 , ch. 292, § 1; 2009 , ch. 163, § 1; 2011 , ch. 93, §§ 1, 4; 2012 , ch. 571, § 1.
Tennessee Legal Code