Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 22 - INVESTMENT DEDUCTION
Rule 8 - Duties of the Township Assessor
Section 8-2 - Processing of personal property investment deduction
Universal Citation: 50 IN Admin Code 8-2
Current through September 18, 2024
Authority: IC 6-1.1-12.4-13
Affected: IC 6-1.1-12.4-3
Sec. 2.
(a) A township assessor receiving a Schedule PPID-1 attached to a property owner's annual personal property tax return or amended personal property tax return shall do the following:
(1) Identify the
personal property eligible for the investment deduction.
(2) Inform the county auditor of the
investment deduction amount.
(b) The township assessor shall accomplish the tasks referenced in subsection (a) by doing the following:
(1) Completing the appropriate section of the
first page of the:
(A) personal property
return (Form 102 or 103); or
(B)
amended personal property return.
(2) Sending a duplicate of the first page to
the county auditor:
(A) not later than July 1
of the assessment year; or
(B)
within thirty (30) days after receipt of a properly filed schedule; whichever
is later.
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