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2019 Indiana Code
Title 6. Taxation
Article 2.3. Utility Receipts Tax
Chapter 4. Exemptions
6-2.3-4-7. Receipts related to severance damages or reassignment of areas
Universal Citation: IN Code § 6-2.3-4-7 (2019)
IC 6-2.3-4-7 Receipts related to severance damages or reassignment of areas
Sec. 7. Gross receipts are exempt from the utility receipts tax if the gross receipts are received by a taxpayer from an electricity supplier (as defined in IC 8-1-2.3-2) as payment of severance damages or other compensation resulting from a change in assigned service area boundaries under IC 8-1-2.3-6(1), IC 8-1-2.3-6(2), or IC 8-1-2.3-6(3).
As added by P.L.137-2012, SEC.45.
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