50 Ind. Admin. Code 22-8-2

Current through November 6, 2024

Section 50 IAC 22-8-2 - Processing of personal property investment deduction

Authority: IC 6-1.1-12.4-13

Affected: IC 6-1.1-12.4-3

Sec. 2.

(a) A township assessor receiving a Schedule PPID-1 attached to a property owner's annual personal property tax return or amended personal property tax return shall do the following:

(1) Identify the personal property eligible for the investment deduction.

(2) Inform the county auditor of the investment deduction amount.

(b) The township assessor shall accomplish the tasks referenced in subsection (a) by doing the following:

(1) Completing the appropriate section of the first page of the:

(A) personal property return (Form 102 or 103); or

(B) amended personal property return.

(2) Sending a duplicate of the first page to the county auditor:

(A) not later than July 1 of the assessment year; or

(B) within thirty (30) days after receipt of a properly filed schedule; whichever is later.

50 IAC 22-8-2

Department of Local Government Finance; 50 IAC 22-8-2; filed Jun 15, 2006, 11:25 a.m.: 20060712-IR-050050144FRA