Note: This version of section effective until 1-1-2026. See also following repeal of this section, effective 1-1-2026.

1. (1) Completing and submitting a personal property return with:

   1. (A) the assessor of each township in which the taxpayer's personal property is subject to assessment; or
   2. (B) the county assessor if there is no township assessor for a township in which the taxpayer's personal property is subject to assessment.

2. (2) Filing a complete disclosure of all information required by the department that is related to the value, nature, or location of personal property:

   1. (A) that the taxpayer owned on the assessment date of that year; or
   2. (B) that the taxpayer held, possessed, or controlled on the assessment date of that year.
3. (3) Reviewing information submitted with a personal property return during previous years.

4. (4) Calculating the payment for any fee to be included with the tax statement that must be paid to the department for a taxpayer to submit a personal property return.

   The department shall make the portal available for taxpayer use no later than January 1, 2021.

Sec. 26. The department, in collaboration with county assessors, shall develop and maintain a personal property online submission portal through which a taxpayer is able to submit information through a single point of contact to accomplish the following:

As added by P.L.108-2019, SEC.102.