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 7-7 - Payments and deductions
Universal Citation: 45 IN Admin Code 7-7
Current through September 18, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5-6-11
Sec. 7.
(a) The retail merchant's tax liability for the sale of gasoline from a metered pump shall be computed by taking one twenty-sixth (1/26) of the gross receipts:
(1) Including state gross retail tax,
but;
(2) Excluding Indiana and
federal gasoline taxes.
(b) The retail merchant is required to remit the amount arrived at by using the formula in clause (1) [subsection (a) of this section] regardless of the amount of state gross retail tax which was actually collected.
(c) The retail merchant is entitled to deduct the amounts prescribed in IC 6-2.5-6-11 as the collection allowance and IC 6-2.5-6-11 the energy assistance credit.
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