Ind. Admin. Code tit. 45, § 12-7-1 - Deduction for Exempted Gasoline
Current as of January 1, 1970
45 IAC 12-7-1 Deduction for exempted gasoline
Authority: IC 6-8.1-3-3
Affected: IC 6-6-1.1-301; IC 6-6-1.1-701
Sec. 1. (a) A licensed distributor that acquires or receives gasoline that subsequently qualifies for an exemption authorized under IC 6-6-1.1-301 may claim a deduction for the gasoline.
(b) The deduction may be taken only after the licensed distributor has submitted adequate documentation to the administrator.
(c) Except as provided in 45 IAC 12-8-17, the deduction must be claimed on the report covering the month of export, loss, destruction, sale, or use.
(Department of State Revenue; Reg 6-6-1.1-701(010); filed Sep 19, 1983, 2:23 p.m.: 6 IR 2325; filed Dec 12, 2023, 2:27 p.m.: 20240110-IR-045230448FRA)
Disclaimer. This may not be the most current version of this information. Users should consult official sources to verify information on this site is recent and current. Marble does not warrant or represent the accuracy, completeness or reliability of the information contained on this site.