Indiana Code 6-2.5-5-12. Water utilities; plants and expenses
Current as of: 2023 | Check for updates
|
Other versions
Sec. 12. Transactions involving tangible personal property are exempt from the state gross retail tax if:
(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.
(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
Terms Used In Indiana Code 6-2.5-5-12
- Property: includes personal and real property. See Indiana Code 1-1-4-5
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.