Indiana Administrative Code
Title 45 - DEPARTMENT OF STATE REVENUE
Article 2.2 - SALES AND USE TAX
Rule 6 - Returns, Remittances and Refunds
Section 6-17 - Energy assistance deductions
Current through September 18, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 17.
(a) A retail merchant who extends energy assistance under IC 4-3-10[Repealed by P.L. 11-1980, SECTION 8.], may deduct from his sales and use tax liability cost of the energy assistance extended under IC 4-3-10[Repealed by P.L. 11-1980, SECTION 8.] during the reporting period for which the state gross retail and use tax payment is made.
(b) If the cost of the energy assistance is greater than the retail merchant's sales and use tax liability for that reporting period, the retail merchant will be entitled to claim a refund from the Department for the additional funds.
(c) Alternatively, the excess credits may be applied to subsequent months tax liability in lieu of a refund application.
