Section 45 IAC 12-7-1 - Deduction for exempted gasolineAuthority: IC 6-8.1-3-3
Affected: IC 6-6-1.1-301; IC 6-6-1.1-701
Sec. 1.
(a) A licensed distributor that acquires or receives gasoline that subsequently qualifies for an exemption authorized under IC 6-6-1.1-301 may claim a deduction for the gasoline.(b) The deduction may be taken only after the licensed distributor has submitted adequate documentation to the administrator.(c) Except as provided in 45 IAC 12-8-17, the deduction must be claimed on the report covering the month of export, loss, destruction, sale, or use. Department of State Revenue; Reg 6-6-1.1-701 010; filed Sep 19, 1983, 2:23 pm: 6 IR 2325Filed 12/12/2023, 2:27 p.m.: 20240110-IR-045230448FRA