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

Affected: IC 6-1.1-8-22; IC 6-1.1-8-28

Sec. 3. (a) Each year the department shall notify each public utility company of:

1. (1) the department's tentative assessment of the company's distributable property; and
2. (2) the value of the company's distributable property used by the department to determine the tentative assessment.

(b) The department shall give the notice on or before September 1, in the case of railcar companies, and shall give the notice on or before June 1, in the case of all other public utility companies.

(c) Within ten (10) days after a public utility company receives notice of the department's tentative assessment, the company may:

1. (1) file with the department its objections to the tentative assessment; and
2. (2) demand that the department hold a hearing on the tentative assessment.

(d) If the public utility company does not file with the department its objections to the tentative assessment within the time allowed, the tentative assessment is final and may not be appealed.

(Department of Local Government Finance; 50 IAC 5.1-4-3; filed Dec 15, 1993, 5:00 p.m.: 17 IR 958; reinstated by IC 6-1.1-8-44, eff Jul 1, 2003; filed Nov 2, 2020, 9:34 a.m.: 20201202-IR-050190636FRA; readopted filed Oct 21, 2025, 9:19 a.m.: 20251112-IR-050240632RFA)