Indiana Administrative Code — Title 45 (Dept. of State Revenue)
45 IAC 10-4-8
Bond increases; financial statement
Sec. 8. (a) Periodically, the administrator may review a licensee's account to determine whether the licensee's bond on file is in an amount
large enough to adequately cover the licensee's tax liability.
(b) If the administrator determines that the licensee's financial condition warrants the bond on file to be in a larger amount, the administrator
may require the licensee to furnish such bond provided that such bond satisfies the requirements of section 7 of this rule.
(c) If the licensee fails to provide a bond within the time period prescribed by the administrator, the licensee may be subject to license
cancellation in the same manner as prescribed by section 14 of this rule.
(d) The administrator may require an audited financial statement.
Amendment history
(Department of State Revenue; Reg 6-6-2.1-409(010); filed Jan 3, 1983, 2:29 p.m.: 6 IR 300; errata, 6 IR 1250; filed Apr 30, 1986, 3:34 p.m.: 9 IR 2182; filed Dec 18, 2015, 3:40 p.m.: 20160113- IR-045140518FRA)
Source: view the official text
Nearby sections (25 sections)
- 10-3-9 · Special fuel used in ready mix concrete trucks (Repealed)
- 10-3-10 · Presumption of taxability; recordkeeping; exemption…
- 10-3-11 · Proportional exemptions for special fuel used in motor…
- 10-3-12 · Sales by licensed special fuel dealers (Repealed)
- 10-3-13 · Sales by authorized unlicensed dealers (Repealed)
- 10-4-1 · Dealer's license requirements (Repealed)
- 10-4-2 · Dealer's license; application (Repealed)
- 10-4-3 · User license requirements (Repealed)
- 10-4-4 · Fuel oil distributor's license (Repealed)
- 10-4-5 · Application for fuel oil distributor's license (Repealed)
- 10-4-6 · Bond of dealer and user licenses (Repealed)
- 10-4-7 · Licenses; canceled bond
- 10-4-8 · Bond increases; financial statement
- 10-4-9 · Waiver of bond (Repealed)
- 10-4-10 · Investigation of application
- 10-4-11 · Issuance of license
- 10-4-12 · Licenses nonassignable
- 10-4-13 · Display of license
- 10-4-14 · Cancellation of license
- 10-4-15 · Cancellation of dealer's license (Repealed)
- 10-4-16 · Cancellation of license on licensee's request; requisites
- 10-4-17 · Cancellation of fuel user's and dealer's license; inactivity…
- 10-4-18 · Notice of license cancellation
- 10-4-19 · Cancellation of bond; release of surety
- 10-4-20 · Notice of bond cancellation; replacement bond (Repealed)