Section 50IAC5.1-4-3. Tentative assessment; notice; objection; hearings

   (a) Each year the state board shall notify each public utility company of:

(1) the board's tentative assessment of the company's distributable property; and

(2) the value of the company's distributable property used by the board to determine the tentative assessment.

  (b) The state board shall give the notice on or before September 1, in the case of railroad car companies, and shall give the notice on or before June 1, in the case of all other public utility companies.

  (c) Within ten (10) days after a public utility company receives notice of the state board's tentative assessment, the company may:

(1) file with the state board its objections to the tentative assessment; and

(2) demand that the state board hold a hearing on the tentative assessment.

  (d) If the public utility company does not file with the state board its objections to the tentative assessment within the time allowed, the tentative assessment is final and may not be appealed. (Department of Local Government Finance; 50 IAC 5.1-4-3; filed Dec 15, 1993, 5:00 p.m.: 17 IR 958; reinstated by IC 6-1.1-8-44, eff Jul 1, 2003)