Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 5.1 - PUBLIC UTILITY ASSESSMENT
Rule 6 - Valuation of Depreciable Personal Property
Section 6-5 - Nominally valued depreciable personal property
Universal Citation: 50 IN Admin Code 6-5
Current through March 20, 2024
Authority: IC 6-1.1-8-42; IC 6-1.1-31-1
Affected: IC 6-1.1-8-26
Sec. 5.
Depreciable personal property recorded on the books and records at a nominal value or at no value must be valued at its actual acquisition cost determined by reference to the insurable value in the year of acquisition for Indiana property tax assessment purposes. This category of property includes, but is not limited to:
(1) bulk purchases; or
(2) the acquisition of a going business concern.
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