State Form 52447 (UD - ERA) Schedule of Deduction From Assessed Valuation Utility Distributable Property in Economic Revitalization Area - Indiana

What Is State Form 52447 (UD - ERA)?

This is a legal form that was released by the Indiana Department of Local Government Finance - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is State Form 52447 (UD - ERA)?A: State Form 52447 (UD - ERA) is a schedule used in Indiana for reporting deductions from assessed valuations for utility distributable property in an Economic Revitalization Area.

Q: What is a Deduction from Assessed Valuation?A: A deduction from assessed valuation is a reduction in the assessed value of a property, leading to a lower property tax liability.

Q: What is Utility Distributable Property?A: Utility distributable property refers to property used by a utility company for the transmission, distribution, or storage of water, electricity, gas, or telecommunications services.

Q: What is an Economic Revitalization Area?A: An Economic Revitalization Area is a designated area that aims to encourage economic development, often through tax incentives or other incentives to attract businesses.

Q: How is State Form 52447 (UD - ERA) used?A: State Form 52447 (UD - ERA) is used to report the deductions from the assessed valuations of utility distributable property within an Economic Revitalization Area in Indiana.

Q: Who needs to use State Form 52447 (UD - ERA)?A: Utility companies operating within an Economic Revitalization Area in Indiana need to use State Form 52447 (UD - ERA) to report their deductions from assessed valuations.