Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 5.1 - PUBLIC UTILITY ASSESSMENT
Rule 50 IAC 5.1-5 - Valuation of Real Property and Use of Other Factors
Section 50 IAC 5.1-5-4 - Uniform useful life

50 Ind. Admin. Code 5.1-5-4

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Current through May 29, 2024
Section 50 IAC 5.1-5-4 - Uniform useful life

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.

50 IAC 5.1-5-4

Department of Local Government Finance; 50 IAC 5.1-5-4; filed Dec 15, 1993, 5:00 p.m.: 17 IR 959; reinstated by IC 6-1.1-8-44, eff Jul 1, 2003
Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA