Ind. Admin. Code tit. 45, § 2.2-2-3 - Tax Rate
Current as of January 1, 1970
45 IAC 2.2-2-3 Tax rate
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 3. The state gross retail tax is measured by the gross retail income received by a retail merchant in a retail unitary transaction and is imposed at the following rates:
| STATE GROSS RETAIL TAX | GROSS RETAIL INCOME RECEIVED FROM THE RETAIL UNITARY TRANSACTION |
| $.0 | less than $.10 |
| $.01 | at least .10, but less than \.30 |
| $.02 | at least .30, but less than \.50 |
| $.03 | at least .50, but less than \.70 |
| $.04 | at least .70, but less than \.90 |
| $.05 | at least .90, but less than \1.10 |
On a retail unitary transaction in which the gross retail income received by the retail merchant is one dollar and ten cents ($1.10) or more, the state gross retail tax is five percent (5%) of that gross retail income.
(Department of State Revenue; Ch. 2, Reg. 6-2.5-2-2(a)(010); filed Dec 1, 1982, 10:35 am: 6 IR 9; filed Aug 6, 1987, 4:30 pm: 10 IR 2611)
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.