50 Ind. Admin. Code 5.1-6-4

Current through May 29, 2024

Section 50 IAC 5.1-6-4 - Fully depreciated property

Authority: IC 6-1.1-8-42; IC 6-1.1-31-1

Affected: IC 6-1.1-8-26

Sec. 4.

Depreciable personal property that has not been retired from use is reported for assessment purposes whether or not the cost of the property has been removed from the taxpayer's books and records.

50 IAC 5.1-6-4

Department of Local Government Finance; 50 IAC 5.1-6-4; filed Dec 15, 1993, 5:00 p.m.: 17 IR 961; reinstated by IC 6-1.1-8-44, eff Jul 1, 2003