Indiana Code — Title 6 (Taxation)
IC 6-1.1-8-25
Assessment of distributable property
Sec. 25.
# (a)
Each year the department of local government finance shall assess the distributable property which as of the assessment date of that year is owned or used by a public utility company. The department of local government finance shall determine the assessed value of distributable property. The department of local government finance shall equalize its assessments of distributable property in the same manner that it equalizes assessments of tangible property under IC 6-1.1-14.
# (b)
The department of local government finance shall distribute the assessed valuation of definite-situs distributable property to the taxing district in which the property is located.
Except as provided in section 35 of this chapter, the department of local government finance shall apportion and distribute the assessed valuation of indefinite-situs distributable property in the manner prescribed in sections 6 through 18 of this chapter. However, this subsection does not apply to that distributable property which is taxed under section 35 of this chapter.
[Pre-1975 Property Tax Recodification Citations: 6-1-44-2 part; 6-1-44-10 part; 6-1-44-11 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1981, P.L.66, SEC.5; Acts 1981, P.L.67, SEC.1; P.L.24-1986, SEC.12; P.L.6-1997, SEC.32; P.L.90-2002, SEC.76.
Amendment history
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1981, P.L.66, SEC.5; Acts 1981, P.L.67, SEC.1; P.L.24-1986, SEC.12; P.L.6-1997, SEC.32; P.L.90-2002, SEC.76.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-8-15 · Telephone, telegraph, or cable companies
- 6-1.1-8-16 · Tunnel companies
- 6-1.1-8-17 · Water distribution companies
- 6-1.1-8-18 · Other companies
- 6-1.1-8-19 · Statement of value and description of property; filing…
- 6-1.1-8-19.5 · Assessment of wind power devices; change of ownership;
- 6-1.1-8-20 · Failure to file statement; penalty; action by attorney…
- 6-1.1-8-21 · Copies of various reports; requests from department of…
- 6-1.1-8-22 · Assessment by department of local government finance;
- 6-1.1-8-23 · Repealed
- 6-1.1-8-24 · Township assessor or county assessor determination of
- 6-1.1-8-24.5 · Solar land base rates; determination and release
- 6-1.1-8-25 · Assessment of distributable property
- 6-1.1-8-25.5 · New fixed property assessments; notification
- 6-1.1-8-26 · Valuation of company property
- 6-1.1-8-27 · Certification of assessed value; notification of appeal;…
- 6-1.1-8-28 · Tentative assessment by the department; appeal opportunity
- 6-1.1-8-29 · Preliminary conference; notice of final assessment
- 6-1.1-8-30 · Appeal to Indiana board; appeal to tax court
- 6-1.1-8-31 · Appeal of final judgment; court procedure
- 6-1.1-8-32 · Setting aside final determination; grounds
- 6-1.1-8-33 · Appeal of township or county assessor's assessment of fixed
- 6-1.1-8-34 · Rate of tax; time of payment
- 6-1.1-8-35 · Indefinite-situs distributable property of railcar…
- 6-1.1-8-35.1 · Repealed