Indiana Code Title 6. Taxation § 6-1.1-8-6

Sec. 6.  (a) The fixed property of a bridge company consists of real property which is not part of a bridge head or right-of-way of the company.  The remainder of the bridge company's property is distributable property.

(b) A bridge company's definite-situs distributable property consists of:

(c) A bridge company's property which is not described in subsection (a) or (b) is indefinite-situs distributable property.  The department of local government finance shall apportion and distribute the assessed valuation of this property among the taxing districts in which the company has property that is described in either subsection (a) or (b).  The amount which the department of local government finance shall distribute to a taxing district equals the product of (1) the total assessed valuation of the bridge company's indefinite-situs distributable property, multiplied by (2) a fraction, the numerator of which is the value of the company's property which is located in the taxing district and which is described in either subsection (a) or (b), and the denominator of which is the value of the company's property which is located in this state and which is described in either subsection (a) or (b).