(1) a railroad car company's indefinite-situs distributable property; and
(2) the distributable property of a railroad company that provides service within
a commuter transportation district established under IC 8-5-15 and utilizes electricity to power substantially all of its railroad passenger cars;
the various taxing units shall tax public utility company property assessed for a
particular year at the same tax rates at which tangible property assessed for that
same year is taxed. The public utility companies shall pay the taxes in the year following the year
of assessment at the same time that taxes on tangible property are due under IC 6-1.1-22-9.
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