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Indiana Code — Title 6 (Taxation)

IC 6-1.1-8-17

Water distribution companies

Official textiga.in.govlast amended

Sec. 17.

# (a)

The fixed property of a water distribution company consists of real property which is not part of the company's rights-of-way or distribution system. A well, settling basin, or reservoir (except an impounding reservoir) is not fixed property of a water distribution company if it is used to store treated water or water in the process of treatment.

# (b)

A water distribution company's property which is not described as fixed property under subsection (a) 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's water mains, including feeder and distribution mains, are located. 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 water distribution company's indefinite-situs distributable property, multiplied by (2) a fraction, the numerator of which is the length of the company's water mains, including feeder and distribution mains, which are located in the taxing district, and the denominator of which is the length of the company's water mains, including feeder and distribution mains, which are located in this state.
[Pre-1975 Property Tax Recodification Citation: 6-1-44-11(9).]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.68;
P.L.182-2009(ss), SEC.102.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.68; P.L.182-2009(ss), SEC.102.

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Nearby sections (25 sections)
  1. 6-1.1-8-6 · Bridge companies
  2. 6-1.1-8-7 · Bus companies
  3. 6-1.1-8-8 · Express companies
  4. 6-1.1-8-9 · Light, heat, or power companies
  5. 6-1.1-8-10 · Pipe line companies
  6. 6-1.1-8-11 · Railroad companies
  7. 6-1.1-8-12 · Railcar companies
  8. 6-1.1-8-12.5 · Repealed
  9. 6-1.1-8-13 · Sleeping car companies
  10. 6-1.1-8-14 · Street railway companies
  11. 6-1.1-8-15 · Telephone, telegraph, or cable companies
  12. 6-1.1-8-16 · Tunnel companies
  13. 6-1.1-8-17 · Water distribution companies
  14. 6-1.1-8-18 · Other companies
  15. 6-1.1-8-19 · Statement of value and description of property; filing…
  16. 6-1.1-8-19.5 · Assessment of wind power devices; change of ownership;
  17. 6-1.1-8-20 · Failure to file statement; penalty; action by attorney…
  18. 6-1.1-8-21 · Copies of various reports; requests from department of…
  19. 6-1.1-8-22 · Assessment by department of local government finance;
  20. 6-1.1-8-23 · Repealed
  21. 6-1.1-8-24 · Township assessor or county assessor determination of
  22. 6-1.1-8-24.5 · Solar land base rates; determination and release
  23. 6-1.1-8-25 · Assessment of distributable property
  24. 6-1.1-8-25.5 · New fixed property assessments; notification
  25. 6-1.1-8-26 · Valuation of company property
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