(a) The department of local government finance shall assess the property of a public utility company based upon the information available to the department if the company:

1. (1) does not file a statement which is required under section 19 of this chapter;
2. (2) does not permit the department to examine the company's property, books, or records; or
3. (3) does not comply with a summons issued by the department.

(b) A public utility company may provide the department with a statement under section 19 of this chapter not later than one (1) year after the department makes the department's assessment under this section. If a public utility company does so, the department may amend the assessment it makes under this section in reliance on the public utility company's statement filed under this subsection.

[Pre-1975 Property Tax Recodification Citation: 6-1-44-6 part.]

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.90-2002, SEC.73; P.L.183-2014, SEC.5.