45 Ind. Admin. Code 2.2-6-14
Current through April 17, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5-7-5
Sec. 14.
In order to compensate retail merchants for collecting and timely remitting the state gross retail and use tax, the retail merchant, except the retail merchant referred to in Regulation 6-2.5-6-10(c)(010) [ 45 IAC 2.2-6-16 ], is entitled to deduct and retain from the tax liability determined in IC 6-2.5-7-5 or under this chapter of the Regulation [ 45 IAC 2.2-6 ], if timely remitted, a retail merchant's collection allowance.
45 IAC 2.2-6-14