Indiana HB1340 exempts sales tax for utility services like electricity, gas, water, and steam.

HB1340 amends Indiana Code to exempt sales tax on the sale or furnishing of electrical energy, natural or artificial gas, water, steam, or steam heating service by a power subsidiary or public utility to a person for commercial or domestic consumption. This bill also defines terms like "gross retail income" and "unitary transaction" and outlines conditions for tax exemptions. Effective July 1, 2026, it modifies existing statutes to align with these changes.

Indiana HB1340 exempts sales tax for utility services like electricity, gas, water, and steam.

HB1340 amends Indiana Code to exempt sales tax on the sale or furnishing of electrical energy, natural or artificial gas, water, steam, or steam heating service by a power subsidiary or public utility to a person for commercial or domestic consumption. This bill also defines terms like "gross retail income" and "unitary transaction" and outlines conditions for tax exemptions. Effective July 1, 2026, it modifies existing statutes to align with these changes.