Section 8-1-2-4.3 - Rate or charge adjustment reflecting repeal of utility receipts tax; notice to affected customers(a) This section applies to a utility that is:(1) subject to the utility receipts tax under IC 6-2.3; and(2) not under the jurisdiction of the commission for the approval of rates and charges; on January 1, 2022.
(b) A utility shall adjust the utility's rates and charges to reflect the repeal of the utility receipts tax (IC 6-2.3, before its repeal) in HEA 1002-2022 by the general assembly. A rate or charge adjustment under this section shall operate on a prospective basis.(c) A rate or charge adjustment under this section:(1) applies to each rate or charge in effect at the time of the adjustment that includes recovery of the utility receipts tax; and(2) shall be calculated to remove the amount of the utility receipts tax that each existing rate or charge was designed to recover based on the utility receipts tax rate in effect at the time the rate or charge was established.(d) The utility shall provide notice to all affected customers in each of the next two (2) regular billing cycles that the adjustment in rates or charges reflects the repeal of the utility receipts tax (IC 6-2.3, before its repeal) in HEA 1002-2022 by the general assembly. Notice provided under this subsection must include the amount of the adjustment reflected in the bill.Added by P.L. 138-2022,SEC. 16, eff. 3/15/2022.