Indiana Code — Title 6 (Taxation)
IC 6-2.5-6-2
Accounting for tax receipts; option to use accrual basis
Official textiga.in.govlast amended
Sec. 2. A retail merchant may, without prior departmental approval, report and pay his state gross retail and use taxes on an accrual basis, if he uses the accrual basis to pay and report the adjusted gross income tax or the tax imposed on him in place of the adjusted gross income tax. The department may, at any time, require the retail merchant to stop using the accrual basis.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.192-2002(ss), SEC.59.
Amendment history
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.192-2002(ss), SEC.59.
Source: view the official text
Nearby sections (25 sections)
- 6-2.5-5-49.5 · Expired
- 6-2.5-5-50 · Required product labels
- 6-2.5-5-51 · Special fuel
- 6-2.5-5-52 · Hot mix asphalt plant equipment; trucks; pavers
- 6-2.5-5-53 · Special rule for renting or furnishing rooms, lodging, or…
- 6-2.5-5-54 · Special rule for sharing of a passenger motor vehicle for…
- 6-2.5-5-55 · "Public safety equipment and materials"; exemption
- 6-2.5-5-56 · Transportation facility
- 6-2.5-5-57 · Children's diapers
- 6-2.5-5-58 · Agricultural commodities
- 6-2.5-6-0.3 · Effect of multiple amendments to section 9 of this chapter
- 6-2.5-6-1 · Returns; reporting period; online tax filing; streamlined…
- 6-2.5-6-2 · Accounting for tax receipts; option to use accrual basis
- 6-2.5-6-3 · Consolidated filing
- 6-2.5-6-4 · Periodic deposits of collections during reporting period
- 6-2.5-6-5 · Final return and payment
- 6-2.5-6-6 · Repealed
- 6-2.5-6-7 · Retail merchant; calculation of tax liability
- 6-2.5-6-8 · Tax liability; income exclusion ratio
- 6-2.5-6-9 · Uncollectible receivables; deduction
- 6-2.5-6-10 · Tax liability; merchant's collection allowance
- 6-2.5-6-11 · Heating assistance program; deduction
- 6-2.5-6-12 · Security for payment of tax collected
- 6-2.5-6-13 · Refund; grounds
- 6-2.5-6-13.5 · Refund of overpayment of tax to a marketplace…