Ind. Admin. Code tit. 45, § 2.2-6-8 - Amount of Tax Liability

Current as of January 1, 1970

45 Iac 2.2-6-8 - Amount of Tax Liability45 Iac 2.2-6-8 - Amount of Tax Liability

45 Iac 2.2-6-7 - Final Return and Payment 45 Iac 2.2-6-9 - Income Exclusion Ratio

45 IAC 2.2-6-8 Amount of tax liability

Authority: IC 6-8.1-3-3

Affected: IC 6-2.5-5-7

Sec. 8. (a) In determining the retail merchants' tax liability for a particular reporting period, the retail merchant shall multiply the retail merchant's total gross retail income from taxable transactions made during the reporting period except as otherwise provided in IC 6-2.5-5-7 or in this chapter of Regulations $45 IAC 2.2-6$ , by the sales tax rate.

(b) The amount determined under this Regulation $45 IAC 2.2$ is the retail merchant's state gross retail and use tax liability regardless of the amount of tax he actually collects.

(Department of State Revenue; Ch. 6, Reg. 6-2.5-6-7(010); filed Dec 1, 1982, 10:35 am: 6 IR 62)

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.