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Indiana Code — Title 6 (Taxation)

IC 6-1.1-8-7

Bus companies

Official textiga.in.govlast amended

Sec. 7.

# (a)

The fixed property of a bus company consists of real property.

# (b)

A bus company's property which is not described in subsection (a) is indefinite-situs distributable property. This property includes, but is not limited to, buses and other mobile equipment. The department of local government finance shall apportion and distribute the assessed valuation of this property among the taxing districts in or through which the company operates its system. 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 bus company's indefinite-situs distributable property, multiplied by (2) a fraction, the numerator of which is the company's average daily regularly scheduled passenger vehicle route miles in the taxing district, and the denominator of which is the company's average daily regularly scheduled passenger vehicle route miles in this state.
[Pre-1975 Property Tax Recodification Citation: 6-1-44-11(6).]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.59;
P.L.182-2009(ss), SEC.93.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.59; P.L.182-2009(ss), SEC.93.

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Nearby sections (25 sections)
  1. 6-1.1-7-11 · Movers of mobile homes; display of permit
  2. 6-1.1-7-12 · Violation of IC 6-1.1-7-11(a); offense
  3. 6-1.1-7-13 · Violation of IC 6-1.1-7-3; offense
  4. 6-1.1-7-14 · Violation of IC 6-1.1-7-10.4; offense
  5. 6-1.1-7-15 · Waiver of personal property tax liability on certain mobile
  6. 6-1.1-7-16 · Duty to develop a system for recording property tax
  7. 6-1.1-8-1 · Property owned or used by public utility company
  8. 6-1.1-8-2 · Definitions
  9. 6-1.1-8-3 · Companies subject to taxation; exemptions
  10. 6-1.1-8-4 · Companies within and partially outside state; tax
  11. 6-1.1-8-5 · Fixed property; definite-situs distributable property;
  12. 6-1.1-8-6 · Bridge companies
  13. 6-1.1-8-7 · Bus companies
  14. 6-1.1-8-8 · Express companies
  15. 6-1.1-8-9 · Light, heat, or power companies
  16. 6-1.1-8-10 · Pipe line companies
  17. 6-1.1-8-11 · Railroad companies
  18. 6-1.1-8-12 · Railcar companies
  19. 6-1.1-8-12.5 · Repealed
  20. 6-1.1-8-13 · Sleeping car companies
  21. 6-1.1-8-14 · Street railway companies
  22. 6-1.1-8-15 · Telephone, telegraph, or cable companies
  23. 6-1.1-8-16 · Tunnel companies
  24. 6-1.1-8-17 · Water distribution companies
  25. 6-1.1-8-18 · Other companies
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