Indiana § 6-2.5-5-11 Gas utilities; production or storage plants and expenses

Indiana Statutes

§ 6-2.5-5-11 — Gas utilities; production or storage plants and expenses

Indiana § 6-2.5-5-11

Art. 2.5STATE GROSS RETAIL AND USE TAXES

Ch. 5Exempt Transactions of Retail Merchant

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Bluebook

Ind. Code § 6-2.5-5-11 (2026).

Text

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.

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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.