Indiana Code Title 6. Taxation § 6-1.1-5.5-12

(1) either:

and receives from the township assessor (in a county containing a consolidated city) or the county assessor (in any other county) written notice of the problems described in clause (A) or (B);  and

(2) fails to file a correct sales disclosure form that fully complies with all requirements of this chapter within thirty (30) days after the date of the notice under subdivision (1);

(1) one hundred dollars ($100);  or

(2) twenty-five thousandths percent (0.025%) of the sale price of the real property transferred under the conveyance document.

(1) determine the penalty imposed under this section;

(2) assess the penalty to the party to a conveyance;  and

(3) notify the party to the conveyance that the penalty is payable not later than thirty (30) days after notice of the assessment.

(1) collect the penalty imposed under this section;

(2) deposit penalty collections as required under section 4 of this chapter;  and

(3) notify the prosecuting attorney of the appropriate judicial circuit of delinquent payments.