(1) Leased or rental equipment that is leased or rented on an hourly, daily, weekly, semimonthly, or monthly basis, but is not exempt under 15-6-202 or 15-6-219, MCA, will be valued in the following manner:

(a) For equipment that has an acquired cost of $0 to $500, the department shall use a four-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 1.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2014	70%
2013	44%
2012	19%
2011 and older	9%

 

(b) For equipment that has an acquired cost of $501 to $1,500, the department shall use a five-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 2.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2014	85%
2013	69%
2012	50%
2011	33%
2010 and older	22%

 

(c) For equipment that has an acquired cost of $1,501 to $5,000, the department shall use a ten-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 8.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2014	92%
2013	85%
2012	77%
2011	70%
2010	61%
2009	52%
2008	44%
2007	35%
2006	28%
2005 and older	26%

 

(d) For equipment that has an acquired cost of $5,001 to $15,000, the department shall use the trended depreciation schedule for heavy equipment. The schedule will be the same as ARM 42.21.131.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2015	80%
2014	65%
2013	62%
2012	58%
2011	52%
2010	49%
2009	43%
2008	40%
2007	37%
2006	34%
2005	33%
2004	32%
2003	29%
2002	27%
2001	25%
2000	23%
1999	22%
1998	21%
1997	21%
1996 and older	19%

 

(e) For rental video tapes and digital video disks, the following trended depreciation schedule will be used:

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2014	25%
2013	15%
2012 and older	10%

 

(2) For all other leased property that is not rented on an hourly, daily, weekly, semimonthly, or monthly basis, the valuation procedures shall be the same as other like personal property.

(3) When a special mobile permit (SM plate), as defined in 61-4-101(66), MCA, is purchased for lease or rental equipment, the equipment will be classified and valued the same as other SM equipment in class eight.

(4) All leased and rental property not exempt under 15-6-202(4) or 15-6-219(5), MCA, will be assessed and taxed as class eight property.

(5) This rule is effective for tax years beginning after December 31, 2014.