Ind. Admin. Code tit. 45, § 12-7-2 - Sale or Exchange Agreement; Deduction
Current as of January 1, 1970
45 IAC 12-7-2 Sale or exchange agreement; deduction
Authority: IC 6-8.1-3-3
Affected: IC 6-6-1.1-702; IC 6-6-1.1-908
Sec. 2. (a) A licensed distributor that acquires or receives gasoline in this state and subsequently sells, transfers, or exchanges the gasoline to or for the account of another licensed distributor 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 sale, transfer, or exchange.
(Department of State Revenue; Reg 6-6-1.1-702(010); filed Sep 19, 1983, 2:23 p.m.: 6 IR 2325; filed Dec 12, 2023, 2:27 p.m.: 20240110-IR-045230448FRA)
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