Section 50 IAC 5.1-5-3 - Readily ascertainable valuesAuthority: IC 6-1.1-8-42; IC 6-1.1-31-1
Affected: IC 6-1.1-8-26
Sec. 3.
(a) In order to establish uniformity, the department may determine the standard true tax value per unit of certain types of personal property that have a readily ascertainable value.(b) The standard unit true tax values are published under 50 IAC 4.2-4-7.(c) The types of personal property valued under this section are designated in 50 IAC 4.2-15 or memorandums and guidance documents. The types of personal property for which a standard unit value is determined may include, but are not limited to, the following: (1) Agricultural commodities.(3) Certain types of petroleum products.(4) Recreational vehicles.(5) Used motor vehicles held for sale.(6) Used farm implements held for sale.(8) Gas and fluid pipelines.(9) Any other tangible personal property that the department determines has a readily ascertainable value.Department of Local Government Finance; 50 IAC 5.1-5-3; filed Dec 15, 1993, 5:00 p.m.: 17 IR 959; reinstated by IC 6-1.1-8-44, eff Jul 1, 2003Filed 11/2/2020, 9:34 a.m.: 20201202-IR-050190636FRA