50 IAC 5.1-5-4
50 IAC 5.1-5-4 Uniform useful life
Cite as Ind. Admin. Code tit. 50, r. 5.1-5-4
Sec. 4. (a) The department may prescribe the useful life of certain items of personal property if the department determines that a uniform
useful life should be required for all affected public utility companies in order to obtain uniformity of assessment.
(b) If the department prescribes a uniform useful life for a certain item of personal property, the department shall notify all affected
taxpayers.