Other companies
Sec. 18. For a public utility company which is not within one (1)
of the classes of companies whose property is described in sections
6 through 17 of this chapter, the fixed property of the company
consists of real property and tangible personal property. The
remainder of the company's property is indefinite-situs distributable
property. The department of local government finance shall, in a
manner which it considers fair, apportion and distribute the assessed
valuation of the company's indefinite-situs distributable property
among the taxing districts in which the company operates its system.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,
SEC.69.
Last modified: May 28, 2006