(a) In completing a personal property return for a year, a taxpayer shall make a complete disclosure of all information required by the department of local government finance that is related to the value, nature, and location of personal property:

1. (1) that the taxpayer owned on the assessment date of that year; or
2. (2) that the taxpayer held, possessed, or controlled on the assessment date of that year.

(b) The taxpayer shall certify to the truth of:

1. (1) all information appearing in a personal property return; and

2. (2) all data accompanying the return.

   [Pre-1975 Property Tax Recodification Citation: 6-1-23-2 part.]

   Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.24; P.L.236-2023, SEC.12.