Definitions
Sec. 2. As used in this chapter:
(1) The term "bridge company" means a company which owns or
operates a toll bridge or an approach or facility operated in
connection with such a bridge.
(2) The term "bus company" means a company (other than a street
railway company) which is principally engaged in the business of
transporting persons for hire by bus in or through two (2) or more
townships of this state.
(3) The term "definite situs" means a permanent location in one
(1) taxing district or a customary location for use in one (1) taxing
district.
(4) The term "express company" means a company which is
engaged in the business of transporting property by land, air, or
water, and which does not itself operate the vehicles (except for
terminal pickup and delivery vehicles) of transportation.
(5) The term "light, heat, or power company" means a company
which is engaged in the business of furnishing light, heat, or power
by electricity, gas, or steam.
(6) The term "pipe line company" means a company which is
engaged in the business of transporting or transmitting any gas or
fluid (except water) through pipes.
(7) The term "property" includes both tangible and intangible
property.
(8) The term "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.
(9) The term "railroad company" means a company which owns
or operates:
(i) a steam or electric railroad;
(ii) a suburban or interurban railroad;
(iii) a switching or terminal railroad;
(iv) a railroad station, track, or bridge; or
(v) a facility which is part of a railroad system.
(10) The term "railroad car company" means a company (other
than a railroad company) which owns or operates cars for the
transportation of property on railroads.
(11) The term "sleeping car company" means a company (other
than a railroad company) which owns or operates cars for the
transportation of passengers on railroads.
(12) The term "street railway company" means a company which
operates a passenger transportation business principally within one
(1) or more municipalities regardless of whether the transportation
vehicles operate on tracks, by means of electric power transmitted
through wires, or by means of automotive equipment.
(13) The term "system" means all property owned or used by a
public utility company or companies and operated as one (1) unit in
furnishing a public utility service.
(14) The term "telephone, telegraph, or cable company" means a
company which is principally engaged in the business of
communicating by electrical transmission.
(15) The term "tunnel company" means a company which owns
or operates a toll tunnel.
(16) The term "unit value" means the total value of all the
property owned or used by a public utility company.
(17) The term "water distribution company" means a company
which is engaged in the business of selling or distributing water by
pipe, main, canal, or ditch.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1977,
P.L.2, SEC.10; Acts 1981, P.L.66, SEC.1; Acts 1982, P.L.43, SEC.1;
P.L.64-1983, SEC.1; P.L.59-1985, SEC.1; P.L.8-1993, SEC.79.
Last modified: May 28, 2006