Sec. 9. (a) The fixed property of a light, heat, or power company consists of real property which is not part of the company’s right-of-ways, transmission system, or distribution system.

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Terms Used In Indiana Code 6-1.1-8-9

  • property: includes both tangible and intangible property. See Indiana Code 6-1.1-8-2
  • system: means all property owned or used by a public utility company or companies and operated as one (1) unit in furnishing a public utility service. See Indiana Code 6-1.1-8-2
     (b) A light, heat, or power company’s property which is not described as fixed property in subsection (a) of this section is definite-situs distributable property. This property includes, but is not limited to, turbo-generators, boilers, transformers, transmission lines, distribution lines, and pipe lines.

[Pre-1975 Property Tax Recodification Citation: 6-1-44-11(10).]

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.182-2009(ss), SEC.95.

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