Statutes, codes, and regulations
Indiana Code
Title 6 - TAXATIONArticle 6 - MOTOR FUEL AND VEHICLE EXCISE TAXES
Chapter 1.1 - GASOLINE TAX
Section 6-6-1.1-514 - Sale or transfer of distributor's business; liability of purchaser or transferee for any accrued unpaid tax, penalty, and interest

Ind. Code § 6-6-1.1-514

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Current through P.L. 171-2024
Section 6-6-1.1-514 - Sale or transfer of distributor's business; liability of purchaser or transferee for any accrued unpaid tax, penalty, and interest

If a distributor fails to give notice to the administrator as required by section 512 of this chapter, the purchaser or transferee of his business is liable to the state for all unpaid tax, penalty, and interest accrued under this chapter against the distributor through the date of sale or transfer. However, the purchaser's or transferee's liability is limited to the value of the property and business acquired from the distributor.

IC 6-6-1.1-514

As added by Acts1979 , P.L. 79, SEC.1.