Ind. Code § 6-7-2-24

Current through P.L. 171-2024

Section 6-7-2-24 - Civil penalty for purchase of taxable products from a distributor that is not licensed

A retailer (except a remote seller that is required to remit tax imposed by this chapter) who purchases a taxable product from a distributor who has not obtained a license required under section 8 of this chapter or whose license has been suspended or revoked by the department is subject to a penalty not to exceed the greater of:

(1) one hundred percent (100%) of the retail value of the taxable product; or

(2) five thousand dollars ($5,000);

on the purchase.

IC 6-7-2-24

Added by P.L. 137-2022,SEC. 81, eff. 7/1/2022.