Indiana Code Title 8. Utilities and Transportation § 8-1-31.7-8

(1) Depreciation expenses.

(2) For a municipally owned utility or a not-for-profit utility, extensions and replacements, to the extent that the extensions and replacements are not provided for through depreciation, in the manner provided for in IC 8-1.5-3-8 or IC 8-1-2-125.

(3) For a municipally owned utility or a not-for-profit utility, debt service on funds borrowed to pay for the eligible addition.

(4) Property taxes to be paid by the eligible utility based upon the first assessment date following the placement in service of the eligible addition.

(5) Pretax return for a public utility.