45 Ind. Admin. Code 2.2-6-10

Current through November 6, 2024

Section 45 IAC 2.2-6-10 - Income exclusion ratio defined

Authority: IC 6-8.1-3-3

Affected: IC 6-2.5

Sec. 10.

The retail merchants' "income exclusion ratio" for a particular tax year equals a fraction as set forth:

numerator = gross income from transactions under 10¢

denominator = estimated total gross income for tax year from all retail transaction

45 IAC 2.2-6-10

Department of State Revenue; Ch. 6, Reg. 6-2.5-6-8 b (010); filed Dec 1, 1982, 10:35 am: 6 IR 62; filed Aug 6, 1987, 4:30 pm: 10 IR 2642