Introduced Version






SENATE BILL No. 253

_____


DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-2.3-1-2; IC 6-2.3-1-2.5; IC 6-2.3-4-6.

Synopsis: Utility receipts tax. Exempts gross receipts derived from the sale of utility services between members of a controlled group of corporations or an affiliated group from the utility receipts tax.

Effective: Upon passage.





Becker




    January 11, 2007, read first time and referred to Committee on Utilities & Regulatory Affairs.







Introduced

First Regular Session 115th General Assembly (2007)


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 2006 Regular Session of the General Assembly.

SENATE BILL No. 253



    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 6-2.3-1-2; (07)IN0253.1.1. -->     SECTION 1. IC 6-2.3-1-2 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 2. "Affiliated group":
         (1) for purposes of IC 6-2.3-4-6, has the meaning set forth in Section 1504 of the Internal Revenue Code; and
         (2) for purposes of 6-2.3-5-1 and IC 6-2.3-6-5, means an affiliated group of corporations described in IC 6-2.3-6-5.
SOURCE: IC 6-2.3-1-2.5; (07)IN0253.1.2. -->     SECTION 2. IC 6-2.3-1-2.5 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 2.5. "Controlled group of corporations" has the meaning set forth in Section 1563 of the Internal Revenue Code.
SOURCE: IC 6-2.3-4-6; (07)IN0253.1.3. -->     SECTION 3. IC 6-2.3-4-6 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 6. Gross receipts derived from the sale of utility services between members of a controlled group of corporations or an affiliated group are exempt from the utility

receipts tax.

SOURCE: ; (07)IN0253.1.4. -->     SECTION 4. [EFFECTIVE UPON PASSAGE] (a) The definitions in IC 6-2.3 apply throughout this SECTION.
    (b) The addition of IC 6-2.3-4-6 by this act shall not be construed as imposing liability for the utility receipts tax for gross receipts derived from the sale of utility services between members of an affiliated group or controlled group of corporations before the effective date of this SECTION.

SOURCE: ; (07)IN0253.1.5. -->     SECTION 5. An emergency is declared for this act.