Indiana Administrative Code — Title 45 (Dept. of State Revenue)
45 IAC 12-7-4
Deduction for evaporation, shrinkage, losses, and tax related expenses
Sec. 4. (a) Except as otherwise provided, a licensed distributor may claim a deduction equal to one and six-tenths percent (1.6%) of the
number of invoiced or billed gallons of gasoline received in Indiana during the preceding calendar month, less all authorized deductions claimed
under IC 6-6-1.1-704 and sections 1 through 3 of this rule.
(b) The deduction provided by this section may be taken by a licensed distributor when timely reporting and remitting the tax accrued under
IC 6-6-1.1.
(c) This deduction shall not be allowed for losses covered under 45 IAC 12-3-4 and 45 IAC 12-3-5.
Amendment history
(Department of State Revenue; Reg 6-6-1.1-705(010); filed Sep 19, 1983, 2:23 p.m.: 6 IR 2325; filed Apr 30, 1986, 3:32 p.m.: 9 IR 2190; filed Dec 12, 2023, 2:27 p.m.: 20240110-IR-045230448FRA)
Source: view the official text
Nearby sections (25 sections)
- 12-5-3 · Monthly reports; identification of sales to taxable marine…
- 12-5-4 · Monthly payment of tax due; computation (Repealed)
- 12-5-5 · Monthly payment of tax due; due date
- 12-5-6 · Monthly payment of tax due; identification of tax attributable…
- 12-5-7 · Purchaser other than licensed distributor; same reports;…
- 12-5-8 · Discontinuance, sale or transfer of distributor's business;…
- 12-5-9 · Discontinuance, sale or transfer of distributor's business;…
- 12-5-10 · Sale or transfer of distributor's business; liability of…
- 12-6-1 · Monthly accounting of all gasoline delivered to, or withdrawn…
- 12-7-1 · Deduction for exempted gasoline
- 12-7-2 · Sale or exchange agreement; deduction
- 12-7-3 · Sale of tax exempt gasoline; deduction
- 12-7-4 · Deduction for evaporation, shrinkage, losses, and tax related…
- 12-8-1 · Refund to purchaser for gasoline lost or destroyed;…
- 12-8-2 · Refund to local transit systems; limitations; requisites
- 12-8-3 · Refund to local transit system; interest (Repealed)
- 12-8-4 · Refund for tax paid on gasoline purchased or used for…
- 12-8-5 · Refund for tax paid on gasoline purchased or used for…
- 12-8-6 · Refund for tax paid on gasoline purchased or used for…
- 12-8-7 · Refund for tax paid on gasoline purchased or used for…
- 12-8-8 · Refund for tax paid on gasoline purchased or used for…
- 12-8-9 · Refund for tax paid on gasoline purchased or used for…
- 12-8-10 · Refund for tax paid on gasoline purchased or used for…
- 12-8-11 · Refund for tax paid on gasoline purchased or used for other…
- 12-8-11.1 · Refund for tax paid on gasoline purchased for proportional…