45 Ind. Admin. Code 2.2-2-3
Current through December 25, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 3.
The state gross retail tax is measured by the gross retail income received by a retail merchant in a retail unitary transaction and is imposed at the following rates:
| STATE GROSS RETAIL TAX | GROSS RETAIL INCOME RECEIVED FROM THE RETAIL UNITARY TRANSACTION |
| $.0 | less than $.10 |
| $.01 | at least $ .10, but less than $.30 |
| $.02 | at least $ .30, but less than $.50 |
| $.03 | at least $ .50, but less than $.70 |
| $.04 | at least $ .70, but less than $.90 |
| $.05 | at least $ .90, but less than $1.10 |
On a retail unitary transaction in which the gross retail income received by the retail merchant is one dollar and ten cents ($1.10) or more, the state gross retail tax is five percent (5%) of that gross retail income.
45 IAC 2.2-2-3