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Commission approves ACE group personal-property appeal over depreciated crypto-mining servers
Summary
The Utah County Commission approved an appeal by the ACE group to remove prior audit assessments tied to fully depreciated cryptocurrency-mining equipment the taxpayer says was disposed of in 2018. The assessor’s office said the Utah State Tax Commission audit records led to the assessed value remaining on county filings.
The Utah County Commission voted Oct. 29 to grant an evaluation appeal filed by the ACE group of companies to remove personal-property assessments tied to cryptocurrency-mining equipment the taxpayer says was disposed of in 2018.
Dan Heaton, general counsel for the ACE group, told commissioners auditors found roughly $271,000 in assets on a company depreciation schedule that the company contends were fully depreciated and disposed of in 2018. "Those…
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