Indiana Code 6-1.1-8-34. Rate of tax; time of payment
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Sec. 34. Except for:
(2) the distributable property of a railroad company that provides service within a commuter transportation district established under IC 8-5-15 and utilizes electricity to power substantially all of its railroad passenger cars;
(1) a railcar company‘s indefinite-situs distributable property; and
Terms Used In Indiana Code 6-1.1-8-34
- property: includes both tangible and intangible property. See Indiana Code 6-1.1-8-2
- public utility company: means a company which is subject to taxation under this chapter regardless of whether the company is operated by an individual, a partnership, an association, a corporation, a limited liability company, a fiduciary, or any other entity. See Indiana Code 6-1.1-8-2
- railcar company: means a company (other than a railroad company) which owns or operates cars for the transportation of property on railroads. See Indiana Code 6-1.1-8-2
- railroad company: means a company which owns or operates:
Indiana Code 6-1.1-8-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
the various taxing units shall tax public utility company property assessed for a particular year at the same tax rates at which tangible property assessed for that same year is taxed. The public utility companies shall pay the taxes in the year following the year of assessment at the same time that taxes on tangible property are due under IC 6-1.1-22-9.
[Pre-1975 Property Tax Recodification Citation: 6-1-44-11 part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1981, P.L.67, SEC.2; P.L.38-2021, SEC.15.