Indiana Code — Title 6 (Taxation)
IC 6-2.5-5-10
Electric or steam utilities; production plant or power
production expenses
Sec. 10. Transactions involving tangible personal property are exempt from the state gross retail tax, if:
# (1)
the property is classified as production plant or power production expenses, according to the uniform system of accounts which was adopted and prescribed for the utility by the Indiana utility regulatory commission; and
# (2)
the person acquiring the property is:
# (A)
a public utility that furnishes or sells electrical energy, steam, or steam heat in a retail transaction described in IC 6-2.5-4-5; or
# (B)
a power subsidiary (as defined in IC 6-2.5-1-22.5) that furnishes or sells
electrical energy, steam, or steam heat to a public utility described in clause (A).
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.23-1988, SEC.8; P.L.71-1993,
SEC.6; P.L.137-2022, SEC.25.
Amendment history
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.23-1988, SEC.8; P.L.71-1993, SEC.6; P.L.137-2022, SEC.25.
Source: view the official text
Nearby sections (25 sections)
- 6-2.5-5-1 · Animals, feed, seed, and chemicals; race horse in a claiming
- 6-2.5-5-2 · Agricultural machinery, tools, and equipment; scope of
- 6-2.5-5-3 · Exemption; acquisition for direct use in direct production
- 6-2.5-5-4 · Property for use in producing machinery, tools, or equipment
- 6-2.5-5-5 · Repealed
- 6-2.5-5-5.1 · Exemption; acquisition for direct consumption in direct
- 6-2.5-5-6 · Exemption; acquisition for incorporation into product for…
- 6-2.5-5-7 · Materials used in construction business, public street, or…
- 6-2.5-5-8 · "New motor vehicle"; property acquired for resale, rental,…
- 6-2.5-5-8.2 · Aircraft acquired for rental or leasing in the ordinary…
- 6-2.5-5-8.5 · Power subsidiary; public utility
- 6-2.5-5-9 · Returnable containers; nonreturnable packaging
- 6-2.5-5-10 · Electric or steam utilities; production plant or power
- 6-2.5-5-10.5 · Tangible personal property exemption; public utility or…
- 6-2.5-5-10.7 · Tangible personal property exemption; component of solar…
- 6-2.5-5-11 · Gas utilities; production or storage plants and expenses
- 6-2.5-5-12 · Water utilities; plants and expenses
- 6-2.5-5-12.5 · Wastewater utilities; plants and expenses
- 6-2.5-5-13 · Intrastate telecommunication services; video, Internet…
- 6-2.5-5-14 · Public utilities; acquisitions of personal property
- 6-2.5-5-15 · Repealed
- 6-2.5-5-15.5 · Motor vehicles; intrafamilial title transfers
- 6-2.5-5-16 · State or local government acquisitions
- 6-2.5-5-16.5 · Repealed
- 6-2.5-5-17 · Newspapers