Manufacturing machinery and equipment definition

Manufacturing machinery and equipment means engines and machinery, and tools and implements, of every kind used, or designed to be used, in refining and manufacturing. "Manufacturing machinery and equipment" does not include property acquired after December 31, 1999, that is used:
Sample 1Sample 2Sample 3
Manufacturing machinery and equipment means tangible property used or consumed, or held for use or consumption, as an integral part of a biodiesel manufacturing, production, or extraction facility, process, or item of equipment. Property shall be considered to be an integral part of such biodiesel manufacturing, production, or extraction facility, process, or item of equipment only if such property is used or consumed directly in the manufacturing, production, or extraction process or is part of, physically attached to, or otherwise directly associated with such property. Property, the installation of which is reasonably necessary for the proper installation, operation, maintenance of property which directly results in such manufacturing, production, or extraction shall be considered as directly associated with such property.
Sample 1Sample 2
Manufacturing machinery and equipment means all property used in the manufacturing process, whether permanently or temporarily in place, used to transform raw or finished materials into something possessing a new nature or name and adopted to a new use.
Sample 1

Examples of Manufacturing machinery and equipment in a sentence

  • Code 10 Machinery and equipment is reported on the annual Personal Property Declaration only.Code # 13:Machinery and equipment eligible for exemption under CGS §12-81(76): Manufacturing machinery and equipment acquired and installed, that is predominantly used for manufacturing or biotechnology, or used in connection with recycling (as defined in CGS §22a-260) and the owner or lessee of such machinery and equipment must claim it on a federal income tax return as five-year property or seven-year property.

  • Code # 13:Machinery and equipment eligible for exemption under CGS §12-81(76): Manufacturing machinery and equipment acquired and installed, that is predominantly used for manufacturing or biotechnology, or used in connection with recycling (as defined in CGS §22a-260) and the owner or lessee of such machinery and equipment claims it on a federal income tax return as five-year property or seven-year property.

  • Manufacturing machinery and equipment may be annexed to real estate.

  • Major classes of property, plant, and equipment are: Land $ 35,000 Buildings and improvements 783,858 Manufacturing machinery and equipment 591,799 Trucks and automobiles 9,800 Furniture and fixtures 40,493 1,460,950 Less accumulated depreciation (806,746 )Property, plant and equipment $ 654,204 Depreciation expense totaled $74,256 for the fiscal year ended December 31, 2011.

  • Liability towards long term compensated absences is accrued based on an actuarial valuation at the balance sheet date based on the projected unit credit method and is not funded.

  • DEPRECIATION AND AMORTIZATION Depreciation and amortization are provided on the straight-line method over the following useful lives: Buildings 39 to 40 years Gaming operations equipment 2 1/2 to 5 years Manufacturing machinery and equipment 3 to 15 years Leasehold improvements Term of lease Excess of cost over net assets acquired 40 years Maintenance and repairs are expensed as incurred.

  • As of March 31, 2012 and March 31, 2011 our major classes of property, plant, and equipment are: Land $ 35,000 $ 35,000 Buildings and improvements 783,858 783,858 Manufacturing machinery and equipment 591,799 591,799 Trucks and automobiles 21,740 9,800 Furniture and fixtures 40,493 40,493 1,472,890 1,460,950 Less accumulated depreciation (826,391 ) (772,181 )Depreciation expense totaled $19,645 for the fiscal quarter ended March 31, 2012 and $18,564 for the fiscal quarter ended March 31, 2011.

  • Manufacturing machinery and equipment means equipment purchased by a person engaged in the business of manufacturing and used in manufacturing.

  • The following are exempt from the definition of sale at retail: o Most professional and personal services o Motor vehicle fuel and utilities o Most food items o Manufacturing machinery and equipment and Nexus • Sourcing applies to both resident and nonresident companies and relates to where a sale is considered to have occurred for purposes of taxation.


More Definitions of Manufacturing machinery and equipment

Manufacturing machinery and equipment means new or used automation and robotic equipment used to upgrade or advance a manufacturing process. The term does not include replacement automation and robotic equipment that does not upgrade or advance a manufacturing process.
Sample 1

Related to Manufacturing machinery and equipment

  • Qualified machinery and equipment means all new industrial

  • Farm equipment means equipment used directly for farming

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Computer equipment means Covered Property that is electronic computer or other data processing equipment, including peripherals used in conjunction with such equipment, and electronic media and records.

  • Tooling means tools funded or provided by the Buyer.

  • Associated equipment means equipment that is used in conjunction with a radiographic exposure device to make radiographic exposures that drives, guides, or comes in contact with the source, e.g., guide tube, control tube, control (drive) cable, removable source stop, “J” tube and collimator when it is used as an exposure head.

  • Machinery means any article or combination of articles assembled, arranged or connected and which is used or intended to be used for converting any form of energy to performing work, or which is used or intended to be used, whether incidental thereto or not, for developing, receiving, storing, containing, confining, transforming, transmitting, transferring or controlling any form of energy;

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Equipment is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Major medical equipment means medical equipment which is used for the provision of medical and other health services and which costs in excess of the capital expenditure minimum, except that such term does not include medical equipment acquired by or on behalf of a clinical laboratory to provide clinical laboratory services if the clinical laboratory is independent of a physician's office and a hospital and it has been determined under Title XVIII of the Social Security Act to meet the requirements of paragraphs (10) and (11) of Section 1861(s) of such Act. In determining whether medical equipment has a value in excess of the capital expenditure minimum, the value of studies, surveys, designs, plans, working drawings, specifications, and other activities essential to the acquisition of such equipment shall be included.