Indiana Code — Title 6 (Taxation)
IC 6-2.5-5-14
Public utilities; acquisitions of personal property
Sec. 14. (a) Transactions involving tangible personal property are exempt from the state gross retail tax if the person acquiring the property is:
# (1)
a municipally owned utility;
# (2)
a utility owned or operated by a special district; or
# (3)
a public utility owned or operated by a not-for-profit corporation incorporated under:
# (A)
the Indiana General Not for Profit Corporation Act (Acts 1935, Chapter 157, as amended), notwithstanding its repeal;
# (B)
the Indiana Not-for-Profit Corporation Act of 1971 (IC 23-7-1.1), notwithstanding its repeal; or
# (C)
IC 23-17.
(b) The term "public utility owned or operated by a not-for-profit corporation" does not include those public utilities incorporated under Acts 1935, chapter 157, as amended, and which are owned or operated by local district rural electric membership corporations.
As added by Acts 1980, P.L.52, SEC.1. Amended by Acts 1980, P.L.53, SEC.1;
P.L.179-1991, SEC.10.
Amendment history
As added by Acts 1980, P.L.52, SEC.1. Amended by Acts 1980, P.L.53, SEC.1; P.L.179-1991, SEC.10.
Source: view the official text
Nearby sections (25 sections)
- 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- 6-2.5-5-15 · Repealed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- 6-2.5-5-16.5 · Repealed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
- 6-2.5-5-18 · Drugs, medical equipment, supplies, and devices;…
- 6-2.5-5-19 · Drugs, insulin, oxygen, blood, or blood plasma;…
- 6-2.5-5-19.5 · Drugs; insulin; oxygen; blood glucose monitoring supply;
- 6-2.5-5-20 · "Food and food ingredients for human consumption"
- 6-2.5-5-21 · Exemption; sales of food and food ingredients by nonprofit
- 6-2.5-5-21.5 · Repealed
- 6-2.5-5-22 · Exemption; sales of meals; schools; fraternities;…