Section 45IAC3.1-1-42. Consistency among reports

   Consistency in Reporting. In filing returns with this state, the taxpayer's valuation and treatment of property as business or nonbusiness property must be consistent from year to year. It must also be consistent with the taxpayer's treatment of such property for purposes of returns filed with other states having apportionment statutes and regulations substantially similar to Indiana's. If the taxpayer's Indiana returns are not consistent in these respects, the returns should disclose the nature and extent of the inconsistency. (Department of State Revenue; Reg 6-3-2-2(c)(030); filed Oct 15, 1979, 11:15 am: 2 IR 1524; errata, 2 IR 1743)