Lien; collection of delinquent taxes; penalties
Sec. 38. (a) Taxes which are based upon an assessment which is
made under this chapter are a lien upon the property assessed. This
lien accrues on the assessment date of the year of assessment. In
addition, the taxes are a personal debt of the public utility company
in whose name the property is assessed.
(b) If a public utility company does not pay the taxes when they
are due, the county treasurer shall notify the prosecuting attorney of
that fact. The prosecuting attorney shall then bring an action against
the company to recover the delinquent taxes or to enforce the lien
upon the property, or both. In such an action, the judgment shall
include a penalty equal to fifty percent (50%) of the delinquent taxes.
This subsection does not apply to taxes on a railroad car company's
indefinite-situs distributable property.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006