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

45 IAC 2.2-4-21

Tangible personal property sold for incorporation into real property

Official textiac.iga.in.govlast amended

Sec. 21. (a) In general, all sales of tangible personal property are taxable, and all sales of real property are not taxable. The conversion

of tangible personal property into realty does not relieve a liability for any owing and unpaid state gross retail tax or use tax with respect to such

tangible personal property.

(b) All construction material purchased by a contractor is taxable either at the time of purchase, or if purchased exempt (or otherwise

acquired exempt) upon disposition unless the ultimate recipient could have purchased it exempt (see 6-2.5-5 [45 IAC 2.2-5]).

Amendment history

(Department of State Revenue; Ch. 4, Reg. 6-2.5-4-9(a)(010); filed Dec 1, 1982, 10:35 am: 6 IR 21)

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