Section 50 IAC 4.2-5-1.1 - Inventory not subject to assessment
Authority: IC 6-1.1-31-1
Affected: IC 6-1.1-1-11; IC 6-1.1-2-7
Sec. 1.1.
(a) Inventory is not subject to assessment and taxation under IC 6-1.1 pursuant to IC 6-1.1-2-7.(b) Inventory is not personal property pursuant to IC 6-1.1-1-11.
50 IAC 4.2-5-1.1
Department of Local Government Finance; 50 IAC 4.2-5-1.1; filed Feb 26, 2010, 2:43 p.m.: 20100324-IR-050090576FRA