Indiana Code 6-1.1-8-42. Rules and regulations; promulgation
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Sec. 42. (a) The department of local government finance shall promulgate rules and regulations to provide equal treatment for the public utility companies within each classification. These rules and regulations may not:
(2) prohibit the department of local government finance from making adjustments in those cases where the rules and regulations would result in an assessment that would be unfair to the state or to the public utility company.
(1) prohibit the assessment and taxation of a company’s property which is subject to taxation under this chapter; or
Terms Used In Indiana Code 6-1.1-8-42
- property: includes both tangible and intangible property. See Indiana Code 6-1.1-8-2
- public utility company: means a company which is subject to taxation under this chapter regardless of whether the company is operated by an individual, a partnership, an association, a corporation, a limited liability company, a fiduciary, or any other entity. See Indiana Code 6-1.1-8-2
(b) The department of local government finance may adopt rules and regulations to carry out the intent and provisions of this chapter. The rules and regulations must be consistent with this chapter.
[Pre-1975 Property Tax Recodification Citations: 6-1-44-9 part; 6-1-44-17.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.87.