(a) Applications for increased depreciation for railroad ceilings established for assessment rolls to be completed in 2004, must be submitted by September 1, 2003, or within 60 days of the effective date of this Subpart, whichever is later.

(b) Any railroad ceiling established for an assessment roll finalized in 2003 shall reflect increased depreciation calculated in the percentages contained in section 8200-3.2(d) of this Subpart.