Companies subject to taxation
Sec. 3. (a) Except as provided in subsection (c), the following
companies are subject to taxation under this chapter:
(1) Each company which is engaged in the business of
transporting persons or property.
(2) Each company which is engaged in the business of selling
or distributing electricity, gas, steam, or water.
(3) Each company which is engaged in the business of
transmitting messages for the general public by wire or
airwaves.
(4) Each company which is engaged in the business of operating
a sewage system or a sewage treatment plant.
(b) The companies which are subject to taxation under this
chapter include, but are not limited to:
(1) bridge companies;
(2) bus companies;
(3) express companies;
(4) light, heat, or power companies;
(5) pipeline companies;
(6) railroad companies;
(7) railroad car companies;
(8) sleeping car companies;
(9) street railway companies;
(10) telephone, telegraph, or cable companies;
(11) tunnel companies; and
(12) water distribution companies.
(c) The following companies are not subject to taxation under this
chapter:
(1) Aviation companies.
(2) Broadcasting companies.
(3) Television companies.
(4) Water transportation companies.
(5) Companies which are operated by a municipality or a
municipal corporation, except those utility companies owned or
held in trust by a first class city.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1980,
P.L.8, SEC.51; Acts 1981, P.L.66, SEC.2; P.L.64-1983, SEC.2;
P.L.59-1985, SEC.2.
Last modified: May 28, 2006