Indiana § 8-1-2-4.2 Rate adjustment reflecting repeal of utility receipts tax; notice to
affected customers

Indiana Statutes

§ 8-1-2-4.2 — Rate adjustment reflecting repeal of utility receipts tax; notice to affected customers

Indiana § 8-1-2-4.2

Art. 1UTILITIES GENERALLY

Ch. 2Utility Regulation

This text of Indiana § 8-1-2-4.2 (Rate adjustment reflecting repeal of utility receipts tax; notice to affected customers) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-1-2-4.2 (2026).

Text

2.

(a)This section applies to a utility that is subject to the:

(1)utility receipts tax under IC 6-2.3; and

(2)jurisdiction of the commission for the approval of rates and charges; on January 1, 2022.

(b)Not later than May 1, 2022, a utility shall file with the commission a rate adjustment that adjusts the utility's rates and charges to reflect the repeal of the utility receipts tax (IC 6-2.3, before its repeal) in HEA 1002-2022 by the general assembly, independent of any other matters related to the utility's revenue requirement. A rate adjustment approved under this section shall operate on a prospective basis.

(c)A rate adjustment under this section:

(1)applies to each rate or charge in effect at the time of the filing that includes recovery of the utility receipts tax; and

(2)sh

Free access — add to your briefcase to read the full text and ask questions with AI

2. (a) This section applies to a utility that is
subject to the:
(1) utility receipts tax under IC 6-2.3; and
(2) jurisdiction of the commission for the approval of rates and
charges;
on January 1, 2022.
(b) Not later than May 1, 2022, a utility shall file with the
commission a rate adjustment that adjusts the utility's rates and charges
to reflect the repeal of the utility receipts tax (IC 6-2.3, before its
repeal) in HEA 1002-2022 by the general assembly, independent of any
other matters related to the utility's revenue requirement. A rate
adjustment approved under this section shall operate on a prospective
basis.
(c) A rate adjustment under this section:
(1) applies to each rate or charge in effect at the time of the filing
that includes recovery of the utility receipts tax; and
(2) shall be calculated to remove the amount of the utility receipts
tax that each existing rate or charge was designed to recover
based on the utility receipts tax rate in effect at the time the rate
or charge was approved.
(d) The commission shall approve a rate adjustment under this
section if the commission finds that the rate adjustment has been
calculated correctly under subsection (c)(2). If the rate adjustment
under this section has not been calculated correctly under subsection
(c)(2), the commission shall notify the utility of the defect and require
the utility to correct the calculation.
(e) A rate adjustment under this section takes effect upon the
effective date of the repeal of the utility receipts tax (IC 6-2.3, before
its repeal) in HEA 1002-2022, pending approval of a utility's filing
under this section.
(f) Upon a rate adjustment taking effect under subsection (e), the
utility shall provide notice to all affected customers in each of the next
two (2) regular billing cycles that the adjustment in rates or charges
reflects the repeal of the utility receipts tax (IC 6-2.3, before its repeal)
in HEA 1002-2022 by the general assembly. Notice provided under this
subsection must include the amount of the adjustment reflected in the
bill.
(g) This section shall not be construed to limit the commission's
authority to:
(1) initiate proceedings; or
(2) take actions;
to ensure just and reasonable rates in connection with the repeal of the
utility receipts tax (IC 6-2.3, before its repeal) in HEA 1002-2022 by
the general assembly.