Indiana § 6-2.5-5-12 Water utilities; plants and expenses

Indiana Statutes

§ 6-2.5-5-12 — Water utilities; plants and expenses

Indiana § 6-2.5-5-12

Art. 2.5STATE GROSS RETAIL AND USE TAXES

Ch. 5Exempt Transactions of Retail Merchant

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Bluebook

Ind. Code § 6-2.5-5-12 (2026).

Text

Transactions involving tangible personal property are exempt from the state gross retail tax if:

(1)the property is classified as source of supply plant and expenses, the pumping plant and expenses, or water treatment plant and 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 water 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.10; P.L.71-1993, SEC.8; P.L.91-1995, SEC.1; P.L.88-2007, SEC.1.

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Transactions involving tangible personal
property are exempt from the state gross retail tax if:
(1) the property is classified as source of supply plant and
expenses, the pumping plant and expenses, or water treatment
plant and 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 water 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.10; P.L.71-1993, SEC.8; P.L.91-1995, SEC.1;
P.L.88-2007, SEC.1.