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

45 IAC 2.2-7-7

Payments and deductions

Official textiac.iga.in.govlast amended

Sec. 7. (a) The retail merchant's tax liability for the sale of gasoline from a metered pump shall be computed by taking one twenty-sixth

(1/26) of the gross receipts:

(1) Including state gross retail tax, but;

(2) Excluding Indiana and federal gasoline taxes.

(b) The retail merchant is required to remit the amount arrived at by using the formula in clause (1) [subsection (a) of this section]

regardless of the amount of state gross retail tax which was actually collected.

(c) The retail merchant is entitled to deduct the amounts prescribed in IC 6-2.5-6-11 as the collection allowance and IC 6-2.5-

6-11 the energy assistance credit.

Amendment history

(Department of State Revenue; Ch. 7, Reg. 6-2.5-7-5(020); filed Dec 1, 1982, 10:35 am: 6 IR 64)

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Nearby sections (25 sections)
  1. 2.2-6-12 · Bad debts deduction
  2. 2.2-6-13 · Collection from bad debts
  3. 2.2-6-14 · Collection allowance
  4. 2.2-6-15 · Collection allowance rates
  5. 2.2-6-16 · Collection allowance; those not entitled
  6. 2.2-6-17 · Energy assistance deductions
  7. 2.2-7-1 · Display of price on pump
  8. 2.2-7-2 · Rate of tax
  9. 2.2-7-3 · Collection by retail merchant
  10. 2.2-7-4 · Exempt transactions; refund procedures for cash transactions
  11. 2.2-7-5 · Exempt transactions; refunds, procedures for credit…
  12. 2.2-7-6 · Reports; payments, deductions
  13. 2.2-7-7 · Payments and deductions
  14. 2.2-8-1 · Registered retail merchants' certificate
  15. 2.2-8-2 · Registered retail merchants' certificate; requirements
  16. 2.2-8-3 · Supplemental application
  17. 2.2-8-4 · Registered retail merchants' certificate; use tax
  18. 2.2-8-5 · Out-of-state registration
  19. 2.2-8-6 · Valid exemption certificate
  20. 2.2-8-7 · Retail merchants' certificate; each place of business
  21. 2.2-8-8 · Exempt organizations; certificate
  22. 2.2-8-9 · Outstanding tax warrants
  23. 2.2-8-10 · Revocation of certificate; notice
  24. 2.2-8-11 · Revocation of certificate required
  25. 2.2-8-12 · Exemption certificates
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