Statutes, codes, and regulations
Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCEArticle 5.1 - PUBLIC UTILITY ASSESSMENT
Rule 50 IAC 5.1-6 - Valuation of Depreciable Personal Property
Section 50 IAC 5.1-6-5 - Nominally valued depreciable personal property

50 Ind. Admin. Code 5.1-6-5

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Current through December 12, 2024
Section 50 IAC 5.1-6-5 - Nominally valued depreciable personal property

Authority: IC 6-1.1-8-42; IC 6-1.1-31-1

Affected: IC 6-1.1-8-26

Sec. 5.

Depreciable personal property recorded on the books and records at a nominal value or at no value must be valued at its actual acquisition cost determined by reference to the insurable value in the year of acquisition for Indiana property tax assessment purposes. This category of property includes, but is not limited to:

(1) bulk purchases; or
(2) the acquisition of a going business concern.

50 IAC 5.1-6-5

Department of Local Government Finance; 50 IAC 5.1-6-5; filed Dec 15, 1993, 5:00 p.m.: 17 IR 961; reinstated by IC 6-1.1-8-44, eff Jul 1, 2003