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Indiana Code — Title 6 (Taxation)

IC 6-2.5-4-12

Auction sales; exceptions

Official textiga.in.govlast amended

Sec. 12. (a) A person is a retail merchant making a retail transaction when he sells tangible personal property at auction.

(b) Notwithstanding subsection (a), a person is not a retail merchant making a retail transaction when:

# (1)

he makes isolated or occasional sales of tangible personal property at auction;

# (2)

the sales occur on the premises of the owner of the tangible personal property; and

# (3)

the owner of the tangible personal property did not originally acquire that property for resale.
As added by Acts 1980, P.L.52, SEC.1.

Amendment history

As added by Acts 1980, P.L.52, SEC.1.

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