Ind. Code § 6-2.5-7-3

Current through P.L. 171-2024

Section 6-2.5-7-3 - Retail merchant; calculation of tax liability; metered pump sales; kerosene

With respect to the sale of kerosene which is dispensed from a metered pump, unless the purchaser provides an exemption certificate in accordance with IC 6-2.5-8-8, a retail merchant shall collect, for each unit of kerosene sold, state gross retail tax in an amount equal to the product, rounded to the nearest one-tenth of one cent ($0.001), of:

(1) the price per unit before the addition of state and federal taxes; multiplied by

(2) seven percent (7%).

Unless the exemption certificate is provided, the retail merchant shall collect the state gross retail tax prescribed in this section even if the transaction is exempt from taxation under IC 6-2.5-5.

IC 6-2.5-7-3

Amended by P.L. 218-2017,SEC. 6, eff. 7/1/2017.

Amended by P.L. 227-2013, SEC. 6, eff. 7/1/2014.

As added by Acts1980 , P.L. 52, SEC.1. Amended by P.L. 2-1982 (ss), SEC.5; P.L. 81-1983, SEC.4; P.L. 80-1983, SEC.2; P.L. 11-1984, SEC.2; P.L. 222-1999, SEC.2; P.L. 192-2002 (ss), SEC.63; P.L. 146-2008, SEC.314.