50 IAC 5.1-1-9 "Distributable property" defined

Sec. 9. "Distributable property" means property owned or used by a public utility company that is not locally assessed real property or locally assessed personal property. Distributable property is that property used to furnish the public utility service. The right-of-way of a public utility company is distributable property. It may consist of the public utility company's transportation system, production plant, transmission system, or distribution system. The department distributes to the appropriate taxing districts the assessed value of the public utility company's distributable property.