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Indiana Administrative Code — Title 45 (Dept. of State Revenue)

45 IAC 2.2-3-10

Procedure when tax paid on construction material when purchased by contractor

Official textiac.iga.in.govlast amended

Sec. 10. A contractor has no further liability for either the state gross retail tax or use tax with respect to construction material acquired

by the contractor in a taxable transaction, provided the contractor disposes of such property in the following manner:

# (1)

He converts the construction material into realty on land he owns and then sells the improved real estate;

# (2)

He utilizes the construction material for his own benefit and does not resell or transfer such property to others; or

# (3)

Lump sum contract. He converts the construction material into realty on land he does not own pursuant to a contract that includes

all elements of cost in the total contract price.

(Department of State Revenue; Ch. 3, Reg. 6-2.5-3-2(c)(040); filed Dec 1, 1982, 10:35 am: 6 IR 13)

Amendment history

(Department of State Revenue; Ch. 3, Reg. 6-2.5-3-2(c)(040); filed Dec 1, 1982, 10:35 am: 6 IR 13)

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Nearby sections (25 sections)
  1. 2.2-2-3 · Tax rate
  2. 2.2-2-4 · Retail transactions less than 10 cents (Repealed)
  3. 2.2-2-5 · Fractions rounded to next additional cent
  4. 2.2-3-1 · Use defined (Repealed)
  5. 2.2-3-2 · Storage defined (Repealed)
  6. 2.2-3-3 · Retail merchant engaged in business in Indiana defined
  7. 2.2-3-4 · Use tax; imposition
  8. 2.2-3-5 · Use tax; motor vehicles
  9. 2.2-3-6 · Use tax; aircraft, watercraft
  10. 2.2-3-7 · Definitions
  11. 2.2-3-8 · Tangible personal property sold for incorporation into real…
  12. 2.2-3-9 · Procedure when tax is not paid on construction material when…
  13. 2.2-3-10 · Procedure when tax paid on construction material when…
  14. 2.2-3-11 · Procedure when construction material not furnished by…
  15. 2.2-3-12 · Contractors
  16. 2.2-3-13 · Tax rate; use tax
  17. 2.2-3-14 · Exemption from use tax
  18. 2.2-3-15 · Liability for tax following nonexempt use after exemption…
  19. 2.2-3-16 · Credits for taxes paid to other states (Repealed)
  20. 2.2-3-17 · Credits; exceptions (Repealed)
  21. 2.2-3-18 · Personal liability
  22. 2.2-3-19 · Collection of use tax
  23. 2.2-3-20 · Merchandise accepted in Indiana; collection of use tax
  24. 2.2-3-21 · Merchandise accepted outside Indiana; collection of use tax
  25. 2.2-3-22 · Motor vehicles; collection of use tax
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