Telephone, telegraph, or cable companies
Sec. 15. (a) The fixed property of a telephone, telegraph, or cable
company consists of:
(1) tangible personal property which is not used as part of the
distribution system of the company; and
(2) real property which is not part of the company's
rights-of-way or distribution system.
(b) A telephone, telegraph, or cable company's property which is
not described under subsection (a) is indefinite-situs distributable
property. The department of local government finance shall
apportion and distribute the assessed valuation of this property
among the taxing districts in which the company's lines or cables,
including laterals, are located. The amount which the department of
local government finance shall distribute to a taxing district equals
the product of (1) the total assessed valuation of the telephone,
telegraph, or cable company's indefinite-situs distributable property,
multiplied by (2) a fraction, the numerator of which is the length of
the company's lines and cables, including laterals, which are located
in the taxing district, and the denominator of which is the length of
the company's lines and cables, including laterals, which are located
in this state.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,
SEC.66.
Last modified: May 28, 2006