{"data":{"id":"us-in/ic-6-2.5-5-14","jurisdiction":"us-in","citation":"IC 6-2.5-5-14","heading":"Public utilities; acquisitions of personal property","body":"Sec. 14. (a) Transactions involving tangible personal property are exempt from the state gross retail tax if the person acquiring the property is:\n(1) a municipally owned utility;\n(2) a utility owned or operated by a special district; or\n(3) a public utility owned or operated by a not-for-profit corporation incorporated under:\n(A) the Indiana General Not for Profit Corporation Act (Acts 1935, Chapter 157, as amended), notwithstanding its repeal;\n(B) the Indiana Not-for-Profit Corporation Act of 1971 (IC 23-7-1.1), notwithstanding its repeal; or\n(C) IC 23-17.\n(b) The term \"public utility owned or operated by a not-for-profit corporation\" does not include those public utilities incorporated under Acts 1935, chapter 157, as amended, and which are owned or operated by local district rural electric membership corporations.","path":["TITLE 6. TAXATION","ARTICLE 2.5. STATE GROSS RETAIL AND USE TAXES","Chapter 5. Exempt Transactions of Retail Merchant"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-2.5-5-14","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"7f73e904051f841052ce1edf65768750d82e61ff00fc7e5778260cb25830d486","source_id":"us-in","stale":false,"prev":"us-in/ic-6-2.5-5-13","next":"us-in/ic-6-2.5-5-15"},"notice":"GroundRules: Original legal text. Not legal advice."}