Indiana Code Title 8. Utilities and Transportation § 8-1-40.5-17

Sec. 17. (a) The acquisition, ownership, and disposition of any direct interest in any securitization bond shall not be taken into account in determining whether a person is subject to any income tax, franchise tax, business activities tax, intangible property tax, excise tax, stamp tax, or any other tax imposed by the state or by any political subdivision of the state.

(b) Any successor to an electric utility, whether that person becomes a successor as a result of any:

shall, by operation of law, perform and satisfy all obligations of the electric utility under this chapter in the same manner and to the same extent as the electric utility would have been obligated to perform and satisfy before the event described in subdivision (1) or (2), including collecting and paying revenues arising with respect to the securitization property to persons entitled to those revenues.

(c) An assignee or financing party is not considered to be an electric utility solely by virtue of any transactions described in this chapter.