DIGEST OF CHANGES Receipts received by taxpayer from electric supplier as payment of severance damages are exempt from the utility receipts tax
EFFECTIVE DATE: January 1, 2013
REFERENCE: IC 6-2.3
INTRODUCTION
The purpose of this directive is to present an overview of the utility receipts tax that was effective Jan. 1, 2003. This overview is intended to highlight the major areas of the law and promote a general understanding of the basic principles.
