CHAPTER 2. IMPOSITION

IC 6-2.3-2
    Chapter 2. Imposition

IC 6-2.3-2-1
Utility receipts tax
    Sec. 1. An income tax, known as the utility receipts tax, isimposed upon the receipt of:
        (1) the entire taxable gross receipts of a taxpayer that is aresident or a domiciliary of Indiana; and
        (2) the taxable gross receipts derived from activities orbusinesses or any other sources within Indiana by a taxpayerthat is not a resident or a domiciliary of Indiana.
As added by P.L.192-2002(ss), SEC.47.

IC 6-2.3-2-2
Tax rate
    Sec. 2. The receipt of taxable gross receipts from transactions issubject to a tax rate of one and four-tenths percent (1.4%).
As added by P.L.192-2002(ss), SEC.47.

IC 6-2.3-2-3
Owner liability for unpaid taxes
    Sec. 3. A stockholder who receives a distribution of the assets ofa corporation, a joint stock association, or other organization inwhich the stockholder holds stock is liable, to the extent of the assetsthe stockholder receives from the organization, for a certainpercentage of the unpaid gross receipts taxes that the organizationowes after dissolution. That percentage equals the percentage of thetotal outstanding stock of the organization held by the stockholderbefore dissolution.
As added by P.L.192-2002(ss), SEC.47.

IC 6-2.3-2-4
Entity liability of entities exempt for federal income taxation

    Sec. 4. Every S corporation or other entity exempt from federalincome taxation under Section 1361 of the Internal Revenue Code,partnership, limited liability company, and limited liabilitypartnership, is liable for the utility receipts tax. No utility receipts taxliability is imposed under this article on a partner's, member's,beneficiary's, or shareholder's distributive share of the entity's grossincome.
As added by P.L.192-2002(ss), SEC.47.