50 Ind. Admin. Code 4.2-10-1
Current through November 6, 2024
Authority: IC 6-1.1-31-1
Affected: IC 6-1.1-1-11
Sec. 1.
In general, commercial airlines and commercial buslines, as defined in sections 2 and 3 of this rule, must compute the true tax value of aircraft and transportation equipment required to be reported for the Indiana personal property assessment purposes in accordance with the provisions of 50 IAC 4.2-4. However, if such property is leased, the tentative true tax value is required to be computed in accordance with 50 IAC 4.2-8. The tentative true tax value thus computed is then subject to allocation as provided herein.
50 IAC 4.2-10-1