Indiana Code 8-1-31.7-8. “Service enhancement improvement costs”
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Sec. 8. (a) As used in this chapter, “service enhancement improvement costs” means costs that an eligible utility incurs in connection with an eligible addition, including the following:
(2) For a municipally owned utility or a not-for-profit utility, extensions and replacements, to the extent that the extensions and replacements are not provided for through depreciation, in the manner provided for in IC 8-1.5-3-8 or IC 8-1-2-125.
(1) Depreciation expenses.
Terms Used In Indiana Code 8-1-31.7-8
- eligible addition: means any new utility plant or equipment:
Indiana Code 8-1-31.7-2
- eligible utility: means :
Indiana Code 8-1-31.7-3
- not-for-profit utility: has the meaning set forth in IC 8-1-2-125(a). See Indiana Code 8-1-31.7-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- requirement: means any decision or regulation imposed on an eligible utility by a unit (as defined in IC 36-1-2-23), a municipal corporation (as defined in IC 36-1-2-10), a state, or the federal government in connection with any of the following:
Indiana Code 8-1-31.7-6
(3) For a municipally owned utility or a not-for-profit utility, debt service on funds borrowed to pay for the eligible addition.
(4) Property taxes to be paid by the eligible utility based upon the first assessment date following the placement in service of the eligible addition.
(5) Pretax return for a public utility.
(b) The term does not include fines or penalties assessed against or imposed on an eligible utility for violating laws, regulations, or consent decrees related to a requirement.
As added by P.L.137-2020, SEC.15.