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

Plain English Breakdown

The official source material did not provide specific details on how or if the bill updates Indiana's tax laws beyond eliminating sales tax on household utilities.

Elimination of Sales Tax on Household Utility Use

This bill removes sales tax from household utility services such as electricity and gas in Indiana.

What This Bill Does

• Removes the sales tax on household utility services like electricity, natural or artificial gas, water, steam, and steam heating service.
• Defines a power subsidiary or public utility company as not making retail transactions when providing these services to homes for personal use.

Who It Names or Affects

• People who pay for home utilities like electricity and gas
• Utility companies that provide these services

Terms To Know

Retail merchant

A business selling goods or services to customers.

Domestic consumption

Using something at home for personal use, not for work or business.

Limits and Unknowns

• The bill does not specify when the changes will take effect.
• It only applies to utilities used in homes, not businesses.

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Elimination of sales tax on household utility use.

Current Bill Text

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

Elimination of sales tax on household utility use.

Provides that a power subsidiary or a person engaged as a public utility is not a retail merchant making a retail transaction when the subsidiary or person furnishes or sells electrical energy, natural or artificial gas, water, steam, or steam heating service to a person for domestic consumption.