Ind. Admin. Code tit. 45, § 12-7-3 - Sale of Tax Exempt Gasoline; Deduction

Current as of January 1, 1970
45 Iac 12-7-3 - Sale of Tax Exempt Gasoline; Deduction
45 Iac 12-7-2 - Sale or Exchange Agreement; Deduction45 Iac 12-7-4 - Deduction for Evaporation, Shrinkage, Losses, and Tax Related Expenses

45 IAC 12-7-3 Sale of tax exempt gasoline; deduction

Authority: IC 6-8.1-3-3

Affected: IC 6-6-1.1

Sec. 3. (a) A licensed distributor that sells gasoline to a person holding an exemption permit as prescribed in IC 6-6-1.1-302 and IC 6-6-1.1-303 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) The deduction must be claimed on the report covering the month of sale.

(Department of State Revenue; Reg 6-6-1.1-703(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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