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Indiana Code — Title 6 (Taxation)

IC 6-1.1-8-16

Tunnel companies

Official textiga.in.govlast amended

Sec. 16.

# (a)

The fixed property of a tunnel company consists of real property which is not part of a right-of-way of the company. The remainder of the tunnel company's property is distributable property.

# (b)

A tunnel company's definite-situs distributable property consists of the company's tunnels and rights-of-way.

# (c)

A tunnel company's property which is not described in subsection (a) or (b) is indefinite-situs distributable property. The department of local government finance shall apportion and distribute the assessed valuation of this property among the taxing districts in which the company has property that is described in either subsection (a) or (b). The amount which the department of local government finance shall distribute to a taxing district equals the product of (1) the total assessed valuation of the tunnel company's indefinite-situs distributable property, multiplied by (2) a fraction, the numerator of which is the value of the company's property which is located in the taxing district and which is described in either subsection (a) or (b), and the denominator of which is the value of the company's property which is located in this state and which is described in either subsection (a) or (b).
[Pre-1975 Property Tax Recodification Citation: 6-1-44-11(7) part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.67.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.67.

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Nearby sections (25 sections)
  1. 6-1.1-8-5 · Fixed property; definite-situs distributable property;
  2. 6-1.1-8-6 · Bridge companies
  3. 6-1.1-8-7 · Bus companies
  4. 6-1.1-8-8 · Express companies
  5. 6-1.1-8-9 · Light, heat, or power companies
  6. 6-1.1-8-10 · Pipe line companies
  7. 6-1.1-8-11 · Railroad companies
  8. 6-1.1-8-12 · Railcar companies
  9. 6-1.1-8-12.5 · Repealed
  10. 6-1.1-8-13 · Sleeping car companies
  11. 6-1.1-8-14 · Street railway companies
  12. 6-1.1-8-15 · Telephone, telegraph, or cable companies
  13. 6-1.1-8-16 · Tunnel companies
  14. 6-1.1-8-17 · Water distribution companies
  15. 6-1.1-8-18 · Other companies
  16. 6-1.1-8-19 · Statement of value and description of property; filing…
  17. 6-1.1-8-19.5 · Assessment of wind power devices; change of ownership;
  18. 6-1.1-8-20 · Failure to file statement; penalty; action by attorney…
  19. 6-1.1-8-21 · Copies of various reports; requests from department of…
  20. 6-1.1-8-22 · Assessment by department of local government finance;
  21. 6-1.1-8-23 · Repealed
  22. 6-1.1-8-24 · Township assessor or county assessor determination of
  23. 6-1.1-8-24.5 · Solar land base rates; determination and release
  24. 6-1.1-8-25 · Assessment of distributable property
  25. 6-1.1-8-25.5 · New fixed property assessments; notification
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