Tentative assessment; notice; objection; hearings
Sec. 28. (a) Each year the department of local government finance
shall notify each public utility company of:
(1) the department's tentative assessment of the company's
distributable property; and
(2) the value of the company's distributable property used by the
department to determine the tentative assessment.
The department of local government finance shall give the notice on
or before September 1, in the case of railroad car companies, and
shall give the notice on or before June 1, in the case of all other
public utility companies.
(b) Within ten (10) days after a public utility company receives
notice of the department of local government finance's tentative
assessment, the company may:
(1) file with the department its objections to the tentative
assessment; and
(2) demand that the department hold a hearing on the tentative
assessment.
If the company does not file with the department of local government
finance its objections to the tentative assessment within the time
allowed, the tentative assessment is final and may not be appealed.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1981,
P.L.66, SEC.7; P.L.59-1985, SEC.6; P.L.90-2002, SEC.79.
Last modified: May 28, 2006