Companies subject to taxation; exemptions

# (1)

Each company which is engaged in the business of transporting persons or property.

# (2)

Each company which is engaged in the business of selling or distributing electricity, gas, steam, or water.

# (3)

Each company which is engaged in the business of transmitting messages for the general public by wire or airwaves.

# (4)

Each company which is engaged in the business of operating a sewage system or a sewage treatment plant.

(b) The companies which are subject to taxation under this chapter include, but are not limited to:

(1) bridge companies;

(2) bus companies;

(3) express companies;

(4) light, heat, or power companies;

# (5)

pipeline companies;

# (6)

railroad companies;

# (7)

railcar companies;

# (8)

sleeping car companies;

# (9)

street railway companies;

# (10)

telephone, telegraph, or cable companies;

# (11)

tunnel companies; and

# (12)

water distribution companies.

(c) The following persons are not subject to taxation under this chapter:

(1) Aviation companies.

(2) Broadcasting companies.

(3) Television companies.

(4) Water transportation companies.

(5) Companies which are operated by a municipality or a municipal corporation, except those utility companies owned or held in trust by a first class city.

(6) A taxpayer that:

(A) is described in subsection (b);

(B) owns definite situs property that is located in only one (1) taxing district; and

(C) files a personal property tax return for the definite situs property with the county assessor or (if applicable) the township assessor.
A taxpayer that meets the requirements of clauses (A) and (B) may elect to file a personal property tax return for the definite situs property with the county assessor or (if applicable) the township assessor, instead of filing a return for the definite situs property under this chapter.

(7) A taxpayer that:

(A) is participating in a net metering program under 170 IAC 4-4.2 or in a feed-in-tariff program offered by a company described in subsection (b)(4); and

(B) files a personal property tax return for the property with the county assessor or (if applicable) the township assessor.
[Pre-1975 Property Tax Recodification Citations: 6-1-44-2 part; 6-1-44-3 part; 6-1-44-4 part. Pre-Local Government Recodification Citations: 6-1.1-8-3; 19-3-23-1.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1980, P.L.8, SEC.51; Acts 1981, P.L.66, SEC.2; P.L.64-1983, SEC.2; P.L.59-1985, SEC.2; P.L.168-2013, SEC.1;
P.L.2-2014, SEC.18; P.L.38-2021, SEC.9.