Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 5.1 - PUBLIC UTILITY ASSESSMENT
Rule 3 - Reporting Requirements
Section 3-7 - Liability for taxes
Universal Citation: 50 IN Admin Code 3-7
Current through September 18, 2024
Authority: IC 6-1.1-8-42; IC 6-1.1-31-1
Affected: IC 6-1.1-2-4; IC 6-1.1-8-1
Sec. 7.
(a) The owner of any tangible property on the assessment date of a year is liable for the taxes imposed on the property for that year.
(b) A public utility company holding, possessing, controlling, or occupying any tangible property on the assessment date of a year is liable for the taxes imposed on the property for that year unless:
(1) the public utility company
establishes that the property is being assessed and taxed in the name of the
owner; or
(2) the owner is liable
for the taxes under a contract with that person.
(c) When a person other than the owner pays any property taxes as required by this section, that person may recover the amount paid from the owner, unless the parties have agreed to other terms in a contract.
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