Recent changes in Indiana law now require taxpayers who file a Business Tangible Personal Property Return (102, 103 Short, 103 Long) to complete the entire form. The following are regularly absent from filed returns:
Incomplete returns may result in fines pursuant to Indiana Law IC 6-1.1-37-7(d).
- Taxpayers may qualify for a tax abatement on personal property. If the County Council has approved a business for a tax abatement, the taxpayer must annually file certain paperwork in order to insure compliance.