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Indiana Code — Title 6 (Taxation)

IC 6-2.5-5-11

Gas utilities; production or storage plants and expenses

Official textiga.in.govlast amended

Sec. 11. Transactions involving tangible personal property are exempt from the state gross retail tax, if:

# (1)

the property is classified as production plant, storage plant, production expenses, or underground storage 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 public utility that furnishes or sells natural or artificial gas in a retail transaction described in IC 6-2.5-4-5.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.23-1988, SEC.9; P.L.71-1993,
SEC.7.

Amendment history

As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.23-1988, SEC.9; P.L.71-1993, SEC.7.

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Nearby sections (25 sections)
  1. 6-2.5-5-4 · Property for use in producing machinery, tools, or equipment
  2. 6-2.5-5-5 · Repealed
  3. 6-2.5-5-5.1 · Exemption; acquisition for direct consumption in direct
  4. 6-2.5-5-6 · Exemption; acquisition for incorporation into product for…
  5. 6-2.5-5-7 · Materials used in construction business, public street, or…
  6. 6-2.5-5-8 · "New motor vehicle"; property acquired for resale, rental,…
  7. 6-2.5-5-8.2 · Aircraft acquired for rental or leasing in the ordinary…
  8. 6-2.5-5-8.5 · Power subsidiary; public utility
  9. 6-2.5-5-9 · Returnable containers; nonreturnable packaging
  10. 6-2.5-5-10 · Electric or steam utilities; production plant or power
  11. 6-2.5-5-10.5 · Tangible personal property exemption; public utility or…
  12. 6-2.5-5-10.7 · Tangible personal property exemption; component of solar…
  13. 6-2.5-5-11 · Gas utilities; production or storage plants and expenses
  14. 6-2.5-5-12 · Water utilities; plants and expenses
  15. 6-2.5-5-12.5 · Wastewater utilities; plants and expenses
  16. 6-2.5-5-13 · Intrastate telecommunication services; video, Internet…
  17. 6-2.5-5-14 · Public utilities; acquisitions of personal property
  18. 6-2.5-5-15 · Repealed
  19. 6-2.5-5-15.5 · Motor vehicles; intrafamilial title transfers
  20. 6-2.5-5-16 · State or local government acquisitions
  21. 6-2.5-5-16.5 · Repealed
  22. 6-2.5-5-17 · Newspapers
  23. 6-2.5-5-18 · Drugs, medical equipment, supplies, and devices;…
  24. 6-2.5-5-19 · Drugs, insulin, oxygen, blood, or blood plasma;…
  25. 6-2.5-5-19.5 · Drugs; insulin; oxygen; blood glucose monitoring supply;
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