Indiana Administrative Code
Title 45 - DEPARTMENT OF STATE REVENUE
Article 12 - GASOLINE TAX
Rule 7 - Exempt Gasoline
Section 7-4 - Deduction for evaporation, shrinkage, losses, and tax related expenses
Universal Citation: 45 IN Admin Code 7-4
Current through September 18, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-6-1.1-704; IC 6-6-1.1-705
Sec. 4.
(a) Except as otherwise provided, a licensed distributor may claim a deduction equal to one and six-tenths percent (1.6%) of the number of invoiced or billed gallons of gasoline received in Indiana during the preceding calendar month, less all authorized deductions claimed under IC 6-6-1.1-704 and sections 1 through 3 of this rule.
(b) The deduction provided by this section may be taken by a licensed distributor when timely reporting and remitting the tax accrued under IC 6-6-1.1.
(c) This deduction shall not be allowed for losses covered under 45 IAC 12-3-4 and 45 IAC 12-3-5.
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