Indiana § 8-1-40.5-17 Effect of securitization bonds on tax liability; liability of successor for
securitization bonds, charges, and property; assignee or financing party
not considered an electric utility

Indiana Statutes

§ 8-1-40.5-17 — Effect of securitization bonds on tax liability; liability of successor for securitization bonds, charges, and property; assignee or financing party not considered an electric utility

Indiana § 8-1-40.5-17

Art. 1UTILITIES GENERALLY

Ch. 40.5Pilot Program for Cost Securitization for Retired

This text of Indiana § 8-1-40.5-17 (Effect of securitization bonds on tax liability; liability of successor for securitization bonds, charges, and property; assignee or financing party not considered an electric utility) 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 § 8-1-40.5-17 (2026).

Text

(a)The acquisition, ownership, and disposition of any direct interest in any securitization bond shall not be taken into account in determining whether a person is subject to any income tax, franchise tax, business activities tax, intangible property tax, excise tax, stamp tax, or any other tax imposed by the state or by any political subdivision of the state.

(b)Any successor to an electric utility, whether that person becomes a successor as a result of any:

(1)bankruptcy, reorganization, or other insolvency proceeding; or

(2)merger, acquisition, sale, or transfer; shall, by operation of law, perform and satisfy all obligations of the electric utility under this chapter in the same manner and to the same extent as the electric utility would have been obligated to perform and satisfy b

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(a) The acquisition, ownership, and
disposition of any direct interest in any securitization bond shall not be
taken into account in determining whether a person is subject to any
income tax, franchise tax, business activities tax, intangible property
tax, excise tax, stamp tax, or any other tax imposed by the state or by
any political subdivision of the state.
(b) Any successor to an electric utility, whether that person becomes
a successor as a result of any:
(1) bankruptcy, reorganization, or other insolvency proceeding; or
(2) merger, acquisition, sale, or transfer;
shall, by operation of law, perform and satisfy all obligations of the
electric utility under this chapter in the same manner and to the same
extent as the electric utility would have been obligated to perform and
satisfy before the event described in subdivision (1) or (2), including
collecting and paying revenues arising with respect to the securitization
property to persons entitled to those revenues.
(c) An assignee or financing party is not considered to be an electric
utility solely by virtue of any transactions described in this chapter.