Section 50IAC4.2-2-3.1. Single return

  1. (a) If:

(1) a taxpayer has personal property subject to assessment in more than one (1) township in a county; and

(2) the total assessed value of the personal property in the county is less than one million five hundred thousand dollars ($1,500,000);

the taxpayer filing a return shall file a single return with the county assessor and attach a schedule listing, by township, all the taxpayer's personal property and the property's assessed value. The taxpayer shall provide the county assessor with the information necessary for the county assessor to allocate the assessed value of the taxpayer's personal property among the townships listed on the return, including the street address, the township, and the location of the property.

  (b) The county assessor shall provide to each affected township assessor, if any, in the county all information filed by a taxpayer under subsection (a) that affects the township.

  (c) The county assessor may refuse to accept a personal property tax return that does not comply with subsection (a). For purposes of IC 6-1.1-37-7, a return to which subsection (a) applies is deemed filed on the date it is filed with the county assessor with the schedule required by subsection (a) attached. (Department of Local Government Finance; 50 IAC 4.2-2-3.1; filed Feb 26, 2010, 2:43 p.m.: 20100324-IR-050090576FRA)