45 IAC 2.2-6-14 Collection allowance

Authority: IC 6-8.1-3-3

Affected: IC 6-2.5

Sec. 14. In order to compensate retail merchants for collecting and timely remitting the state gross retail and use tax, the retail merchant, except the retail merchant referred to in Regulation 6-2.5-6-10(c)(010) $45 IAC 2.2-6-16$, is entitled to deduct and retain from the tax liability determined in IC 6-2.5-7-5 $IC 6-2.5-7-5 was repealed by P.L.218-2017, SECTION 8, effective July 1, 2017.$ or under this chapter of the Regulation $45 IAC 2.2-6$, if timely remitted, a retail merchant's collection allowance.

(Department of State Revenue; Ch. 6, Reg. 6-2.5-6-10(a)(010); filed Dec 1, 1982, 10:35 am: 6 IR 63)