Electric or steam utilities; production plant or power production
expenses
Sec. 10. Transactions involving tangible personal property are
exempt from the state gross retail tax, if:
(1) the property is classified as production plant or power
production expenses, according to the uniform system of
accounts which was adopted and prescribed for the utility by
the Indiana utility regulatory commission; and
(2) the person acquiring the property is:
(A) a public utility that furnishes or sells electrical energy,
steam, or steam heat in a retail transaction described in
IC 6-2.5-4-5; or
(B) a power subsidiary (as defined in IC 6-2.5-4-5(a)) that
furnishes or sells electrical energy, steam, or steam heat to
a public utility described in clause (A).
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.23-1988,
SEC.8; P.L.71-1993, SEC.6.
Last modified: May 28, 2006