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

Affected: IC 6-1.1-8-26

Sec. 4. (a) The department may prescribe the useful life of certain items of personal property if the department determines that a uniform useful life should be required for all affected public utility companies in order to obtain uniformity of assessment.

(b) If the department prescribes a uniform useful life for a certain item of personal property, the department shall notify all affected taxpayers.

(Department of Local Government Finance; 50 IAC 5.1-5-4; filed Dec 15, 1993, 5:00 p.m.: 17 IR 959; 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)