Indiana Administrative Code
Title 45 - DEPARTMENT OF STATE REVENUE
Article 2.2 - SALES AND USE TAX
Rule 7 - Collection and Remittance of State Gross Retail Tax on Motor Fuel
Section 7-5 - Exempt transactions; refunds, procedures for credit transactions
Current through March 20, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 5.
(a) If the credit card of a participating credit card company is used for the purchase of gasoline through a metered pump and the gasoline is for an exempted purpose the full pump price must be charged, however, the participating credit card company will credit the card holders account with the amount of sales tax included, provided the card holder has furnished to the card company a properly completed exemption certificate certifying exempt use.
(b) The credit card company would then either use the total amount of sales tax credited to credit card holders as an offset to sales tax due to the state from the oil company which operates the credit card company; or would apply to the Indiana Department of Revenue for a refund if no sales tax is due from the credit card company or its owner.
