Indiana Administrative Code — Title 45 (Dept. of State Revenue)
45 IAC 2.2-4-23
Procedure when tax paid on construction material when purchased by contractor
Sec. 23. 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 materials 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. 4, Reg. 6-2.5-4-9(a)(030); filed Dec 1, 1982, 10:35 am: 6 IR 22)
Amendment history
(Department of State Revenue; Ch. 4, Reg. 6-2.5-4-9(a)(030); filed Dec 1, 1982, 10:35 am: 6 IR 22)
Source: view the official text
Nearby sections (25 sections)
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- 2.2-4-16 · Telephone utilities; utilities furnished to other customers…
- 2.2-4-17 · Public utilities furnishing intrastate telegraph service…
- 2.2-4-18 · Telegraph utilities; installation or removal of equipment…
- 2.2-4-19 · Telegraph utilities; utilities furnished to other utility…
- 2.2-4-20 · Private or proprietary activities or business; state, local…
- 2.2-4-21 · Tangible personal property sold for incorporation into real…
- 2.2-4-22 · Procedure when a tax is not paid on construction material…
- 2.2-4-23 · Procedure when tax paid on construction material when…
- 2.2-4-24 · Procedure when construction material not furnished by…
- 2.2-4-25 · Definitions
- 2.2-4-26 · Contractors
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- 2.2-4-30 · Cable TV service
- 2.2-4-31 · Cable TV service; exclusion
- 2.2-4-32 · Cable TV companies; purchases
- 2.2-4-33 · Auction sales; sales tax
- 2.2-4-34 · Auction sales; exclusion
- 2.2-4-35 · Auction sales; application of exemption