Light, heat, or power companies
Sec. 9. (a) The fixed property of a light, heat, or power company
consists of:
(1) automotive and other mobile equipment;
(2) office furniture and fixtures;
(3) other tangible personal property which is not used as part of
the company's production plant, transmission system, or distribution
system; and
(4) real property which is not part of the company's right-of-ways,
transmission system, or distribution system.
(b) A light, heat, or power company's property which is not
described as fixed property in subsection (a) of this section is
definite-situs distributable property. This property includes, but is
not limited to, turbo-generators, boilers, transformers, transmission
lines, distribution lines, and pipe lines.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006