Tax rate

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)