Rate of tax; time of payment
Sec. 34. Except for:
(1) a railroad car company's indefinite-situs distributable
property; and
(2) the distributable property of a railroad company that
provides service within a commuter transportation district
established under IC 8-5-15 and utilizes electricity to power
substantially all of its railroad passenger cars;
the various taxing units shall tax public utility company property
assessed for a particular year at the same tax rates at which tangible
property assessed for that same year is taxed. The public utility
companies shall pay the taxes in the year following the year of
assessment at the same time that taxes on tangible property are due
under IC 6-1.1-22-9.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1981,
P.L.67, SEC.2.
Last modified: May 28, 2006