Introduced Version






HOUSE BILL No. 1179

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-2.5-5-39 .

Synopsis: Sales tax exemption for purchase of home energy. Exempts the purchase of electricity, gas, oil, propane, coal, and other home energy sources from the state gross retail tax.

Effective: Upon passage.





Murphy




    January 9, 2001, read first time and referred to Committee on Ways and Means.







Introduced

First Regular Session 112th General Assembly (2001)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2000 General Assembly.

HOUSE BILL No. 1179



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-2.5-5-39; (01)IN1179.1.1. -->     SECTION 1. IC 6-2.5-5-39 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 39. (a) For purposes of this section, "home energy" has the meaning set forth in IC 12-14-11-2.
    (b) Transactions involving the purchase of home energy are exempt from the state gross retail tax.

SOURCE: ; (01)IN1179.1.2. -->     SECTION 2. An emergency is declared for this act.