50 Ind. Admin. Code 4.2-15-12.5

Current through October 23, 2024

Section 50 IAC 4.2-15-12.5 - Assessment of outdoor advertising signs

Authority: IC 6-1.1-31-1

Affected: IC 6-1.1-3-24

Sec. 12.5.

(a) The outdoor advertising sign valuation schedule issued by the department on a quadrennial basis listing signs by structure and type will provide the assessing officials adequate information to ensure all signs are being properly reported in the corresponding taxing jurisdiction.

(b) The total true tax value from the outdoor advertising sign valuation schedule issued by the department on a quadrennial basis is to be transferred to Form 103-Long, Schedule A, line 62 or Form 103-Short, Schedule A, line 14, and added to the value of other depreciable property, if any, for each taxing district where the property is located.

50 IAC 4.2-15-12.5

Department of Local Government Finance; 50 IAC 4.2-15-12.5; filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA