IC 6-2.3-2-1 Utility receipts tax
Sec. 1. An income tax, known as the utility receipts tax, is
imposed upon the receipt of:
(1) the entire taxable gross receipts of a taxpayer that is a
resident or a domiciliary of Indiana; and
(2) the taxable gross receipts derived from activities or
businesses or any other sources within Indiana by a taxpayer
that 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 is
subject 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 of
a corporation, a joint stock association, or other organization in
which the stockholder holds stock is liable, to the extent of the assets
the stockholder receives from the organization, for a certain
percentage of the unpaid gross receipts taxes that the organization
owes after dissolution. That percentage equals the percentage of the
total outstanding stock of the organization held by the stockholder
before 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 federal
income taxation under Section 1361 of the Internal Revenue Code,
partnership, limited liability company, and limited liability
partnership, is liable for the utility receipts tax. No utility receipts tax
liability is imposed under this article on a partner's, member's,
beneficiary's, or shareholder's distributive share of the entity's gross
income. As added by P.L.192-2002(ss), SEC.47.
IC 6-2.3-2-1 Utility receipts tax
Sec. 1. An income tax, known as the utility receipts tax, is
imposed upon the receipt of:
(1) the entire taxable gross receipts of a taxpayer that is a
resident or a domiciliary of Indiana; and
(2) the taxable gross receipts derived from activities or
businesses or any other sources within Indiana by a taxpayer
that 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 is
subject 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 of
a corporation, a joint stock association, or other organization in
which the stockholder holds stock is liable, to the extent of the assets
the stockholder receives from the organization, for a certain
percentage of the unpaid gross receipts taxes that the organization
owes after dissolution. That percentage equals the percentage of the
total outstanding stock of the organization held by the stockholder
before 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 federal
income taxation under Section 1361 of the Internal Revenue Code,
partnership, limited liability company, and limited liability
partnership, is liable for the utility receipts tax. No utility receipts tax
liability is imposed under this article on a partner's, member's,
beneficiary's, or shareholder's distributive share of the entity's gross
income. As added by P.L.192-2002(ss), SEC.47.
IC 6-2.3-2-1 Utility receipts tax
Sec. 1. An income tax, known as the utility receipts tax, is
imposed upon the receipt of:
(1) the entire taxable gross receipts of a taxpayer that is a
resident or a domiciliary of Indiana; and
(2) the taxable gross receipts derived from activities or
businesses or any other sources within Indiana by a taxpayer
that 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 is
subject 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 of
a corporation, a joint stock association, or other organization in
which the stockholder holds stock is liable, to the extent of the assets
the stockholder receives from the organization, for a certain
percentage of the unpaid gross receipts taxes that the organization
owes after dissolution. That percentage equals the percentage of the
total outstanding stock of the organization held by the stockholder
before 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 federal
income taxation under Section 1361 of the Internal Revenue Code,
partnership, limited liability company, and limited liability
partnership, is liable for the utility receipts tax. No utility receipts tax
liability is imposed under this article on a partner's, member's,
beneficiary's, or shareholder's distributive share of the entity's gross
income. As added by P.L.192-2002(ss), SEC.47.
