Introduced Version
HOUSE BILL No. 1456
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-2.3.
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.
Klinker, Kuzman, Buell, Turner
January 23, 2007, read first time and referred to Committee on Ways and Means.
Introduced
First Regular Session 115th General Assembly (2007)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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HOUSE BILL No. 1456
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)IN1456.1.1. -->
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)IN1456.1.2. -->
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)IN1456.1.3. -->
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)IN1456.1.4. -->
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)IN1456.1.5. -->
SECTION 5.
An emergency is declared for this act.