Indiana § 6-1.1-10-45 Indiana department of transportation signage

Indiana Statutes

§ 6-1.1-10-45 — Indiana department of transportation signage

Indiana·Art. 1.1 PROPERTY TAXES·Ch. 10 Exemptions

(a)Tangible personal property consisting of a sign that is manufactured for the Indiana department of transportation in order for the department to comply with 23 U.S.C. 131 is exempt from personal property taxation.

(b)The owner of personal property that wishes to obtain the exemption provided by this section must file an exemption claim along with the owner's annual personal property tax return. The claim must describe and state the assessed value of the personal property for which an exemption is claimed.

(c)The township or county assessor shall:

(1)review the exemption claim; and

(2)allow or deny the exemption claim in whole or in part. The assessor's action is subject to all the provisions of this article pertaining to notice, review, or appeal of personal property assessments. (

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(a) Tangible personal property consisting of
a sign that is manufactured for the Indiana department of transportation
in order for the department to comply with 23 U.S.C. 131 is exempt
from personal property taxation.
(b) The owner of personal property that wishes to obtain the
exemption provided by this section must file an exemption claim along
with the owner's annual personal property tax return. The claim must
describe and state the assessed value of the personal property for which
an exemption is claimed.
(c) The township or county assessor shall:
(1) review the exemption claim; and
(2) allow or deny the exemption claim in whole or in part.
The assessor's action is subject to all the provisions of this article
pertaining to notice, review, or appeal of personal property
assessments.
(d) The township or county assessor shall reduce the assessed value
of the owner's personal property for the year for which the exemption
is claimed by the amount of exemption allowed.

Indiana § 6-1.1-10-45 (Indiana department of transportation signage) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.