The latest blog post from Carrie Minnich, CPA at Dulin, Ward & DeWald Inc., is about two changes in the Indiana’s nonprofit property tax filing.
Assessment date is the first change. The law now states that a nonprofit is to report the tangible personal property on hand as of January 1, 2016. Do not panic! This just means when you do file property tax returns by May 15th, your organization will use the January 1st assessment date instead of the previous March 1st date.
The second change deals with the exemption due date. If your organization wants to obtain an exemption for certain property, the new deadline is April 1st of the assessment year. The nonprofit will need to fill out Form 136 or the Application for Property Tax Exemption with the county assessor.
To read Carrie’s full post, click here.