Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 5.1 - PUBLIC UTILITY ASSESSMENT
Rule 5 - Valuation of Real Property and Use of Other Factors
Section 5-4 - Uniform useful life
Universal Citation: 50 IN Admin Code 5-4
Current through September 18, 2024
Authority: IC 6-1.1-8-42; IC 6-1.1-31-1
Affected: IC 6-1.1-8-26
Sec. 4.
(a) The department may prescribe the useful life of certain items of personal property if the department determines that a uniform useful life should be required for all affected public utility companies in order to obtain uniformity of assessment.
(b) If the department prescribes a uniform useful life for a certain item of personal property, the department shall notify all affected taxpayers.
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