Public utilities; acquisitions of personal property
Sec. 14. (a) Transactions involving tangible personal property are
exempt from the state gross retail tax if the person acquiring the
property is:
(1) a municipally owned utility;
(2) a utility owned or operated by a special district; or
(3) a public utility owned or operated by a not-for-profit
corporation incorporated under:
(A) the Indiana General Not for Profit Corporation Act (Acts
1935, Chapter 157, as amended), notwithstanding its repeal;
(B) the Indiana Not-for-Profit Corporation Act of 1971 (IC
23-7-1.1), notwithstanding its repeal; or
(C) IC 23-17.
(b) The term "public utility owned or operated by a not-for-profit
corporation" does not include those public utilities incorporated
under Acts 1935, chapter 157, as amended, and which are owned or
operated by local district rural electric membership corporations.
As added by Acts 1980, P.L.52, SEC.1. Amended by Acts 1980,
P.L.53, SEC.1; P.L.179-1991, SEC.10.
Last modified: May 28, 2006