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Indiana Code — Title 6 (Taxation)

IC 6-2.5-3-4

Exemptions

Official textiga.in.govlast amended

Sec. 4. (a) The storage, use, and consumption of tangible personal property in Indiana is exempt from the use tax if:

# (1)

the property was acquired in a retail transaction and the state gross retail tax has been paid on the acquisition of that property; or

# (2)

the property was acquired in a transaction that is wholly or partially exempt from the state gross retail tax under any part of IC 6-2.5-5 and the property is being used, stored, or consumed for the purpose for which it was exempted.

(b) If a person issues a state gross retail or use tax exemption certificate for the acquisition of tangible personal property and subsequently uses, stores, or consumes that property for a nonexempt purpose, then the person shall pay the use tax.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.146-2020, SEC.9; P.L.137-2022,
SEC.16.

Amendment history

As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.146-2020, SEC.9; P.L.137-2022, SEC.16.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-2.5-1-28 · "Tobacco"
  2. 6-2.5-1-28.5 · "Transferred electronically"
  3. 6-2.5-1-29 · "Value added nonvoice data service"
  4. 6-2.5-2-1 · Imposition; liability; payment; collection
  5. 6-2.5-2-2 · Tax rate; rounding rules
  6. 6-2.5-2-3 · Tax rate on certain motor vehicle purchases
  7. 6-2.5-2-4 · Expired
  8. 6-2.5-2-5 · Cargo trailers and recreational vehicles
  9. 6-2.5-3-0.3 · Intent of general assembly in construction of amendments…
  10. 6-2.5-3-1 · Definitions
  11. 6-2.5-3-2 · Imposition of use tax; contractor's conversion of…
  12. 6-2.5-3-3 · Rates; certain transactions defined
  13. 6-2.5-3-4 · Exemptions
  14. 6-2.5-3-5 · Credit for payment of other taxes
  15. 6-2.5-3-6 · Liability; payment; collection; computation
  16. 6-2.5-3-7 · Presumption of taxability; exemption certificate;…
  17. 6-2.5-3-7.5 · Property used or consumed in providing public…
  18. 6-2.5-3-8 · Receipt for payment; issuance; evidence of payment
  19. 6-2.5-3-9 · Expired
  20. 6-2.5-3-10 · Required publication; duty to pay use tax
  21. 6-2.5-3-11 · Liability for uncollected gross retail tax
  22. 6-2.5-3.5-1 · "Distributor"
  23. 6-2.5-3.5-2 · Repealed
  24. 6-2.5-3.5-3 · "Federal gasoline tax"
  25. 6-2.5-3.5-4 · "Gasoline"
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