INSTRUCTIONS: INDIANA BUSINESS TANGIBLE PERSONAL PROPERTY RETURN (Form 10068)

Indiana businesses must submit a business tangible personal property return (form 10068) to the state along with a form 103 (11405 long-form and 11274 short-form). Indiana farms must submit this document along with their form 102 tangible assets. All these documents are found on the website of the government of Indiana. This summary of your personal property assets summarizes information from your returns and is made available for public inspection. Prior to filling out this document, you will need to complete the Schedule A worksheet on form 102 or 103 as applicable.

Indiana Business Tangible Personal Property Return 10068 Step 1: In the first section on the first page, enter the name of the taxpayer, the name under which the business operates, the county, township and taxing district number of the the business, the address where property is located, a description of the nature of the business, and a mailing address for assessment and tax notice documents if different from the address given above.

Indiana Business Tangible Personal Property Return 10068 Step 2: Check whether you are submitting a form 102 or 103.

Indiana Business Tangible Personal Property Return 10068 Step 3: Transfer the summarized asset value of your tangible property from Section A to the box on the page to the right of "Schedule A - Personal Property" and underneath "Reported By Taxpayer."

Indiana Business Tangible Personal Property Return 10068 Step 4: In the box beneath this, enter your deduction as calculated on form 103 ERA or 103-CTP.

Indiana Business Tangible Personal Property Return 10068 Step 5: Subtract the second box from the first box to determine the final assessed value of your personal property.

Indiana Business Tangible Personal Property Return 10068 Step 6: An authorized business owner, operator or authorized representative must print and sign their name, give their title and enter the date.

Indiana Business Tangible Personal Property Return 10068 Step 7: If the form was completed by a paid preparer, they must give their signature, printed name and address.

Indiana Business Tangible Personal Property Return 10068 Step 8: If your combined total assessed business personal property within a single taxing district is $150,000 or greater, submit duplicate returns.

Indiana Business Tangible Personal Property Return 10068 Step 9: This form must be filed with your county assessor by May 15 unless an extension is granted.