Reassessment of distributable property; refunds or taxes due
Sec. 37. (a) If:
(1) the department of local government finance's reassessment
of distributable property is less than the department's original
assessment; or
(2) the Indiana board's reassessment of distributable property is
less than the department's original assessment;
the auditor of each affected county shall compute the tax refund, if
any, which is due the public utility company. The county auditor
shall then issue a warrant to the company for the amount of the
refund due, and the county treasurer shall pay the warrant, without
an appropriation for the disbursement.
(b) If:
(1) the department of local government finance's reassessment
of distributable property is greater than the department's
original assessment; or
(2) the Indiana board's reassessment of distributable property is
greater than the department's original assessment;
the auditor of each affected county shall enter the difference as an
assessment of omitted property. The county auditor shall compute
and the county treasurer shall collect the additional tax due in he
same manner that taxes on omitted property are computed and
collect. However, the county officials may not charge penalty or
interest on the additional tax due unless the public utility company
does not pay the tax within thirty (30) days after the date notice of
the additional tax due is given to the company.
(c) The accounts of the various taxing units shall be credited or
charged with each unit's proportionate share of additional taxes
collected and refunds made under this section.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,
SEC.83.
Last modified: May 28, 2006