Grants directory
Manufacturing Machinery and Equipment
Town of Putnam · City program
Potential exemption from personal property tax for qualifying manufacturing machinery and equipment
Putnam describes a property tax exemption for certain manufacturing machinery and equipment. It is available for qualifying personal property used predominantly in manufacturing and is filed annually with the Assessor.
Program details
How it works
The Town of Putnam lists Manufacturing Machinery and Equipment as a tax incentive. Eligible personal property installed in a manufacturing facility may be exempt from personal property tax.
What the money covers
The page describes an exemption for personal property installed in a manufacturing facility that is claimed as either 5-year or 7-year property on the federal tax return and is used predominantly for manufacturing.
How to apply
- An annual exemption application must be filed.
- The application must be submitted with the annual personal property declaration.
- It must be filed on time.
- The page warns that failure to file results in loss of the exemption.
- Filing is with the Assessor's Office.
Timing and deadlines
- The page does not give a specific calendar deadline date.
- The filing must be completed in sync with the annual personal property declaration.
Full eligibility details
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