DEPARTMENT OF STATE REVENUE
Departmental Notice #29
September 2008
Sales Tax Deduction Limit for E-85 Fuel
This document does not meet the definition of a statement required to be published in the Indiana Register under
IC 4-22-7-7. The purpose of this document is to inform taxpayers of the limitation on the amount of the sales tax deduction that may be claimed for E-85 fuel during the fiscal year beginning on July 1, 2008, and ending on June 30, 2009.
SUBJECT: Limitation on Sales Tax Deductions Claimed for E-85 Fuel for Fiscal Year 2009
EFFECTIVE DATE: July 1, 2008
IC 6-2.5-7-5.5 requires the Department to annually publish in the Indiana Register a notice of the amount of funds available for the reimbursement required under
IC 15-4-10-24.5 (corn market development account).
IC 6-2.5-7-5 provides a sales tax deduction of $0.18 per gallon of E-85 fuel sold at retail by the retail merchant. The amount of the deduction is limited to the amount of money available from the corn market development account.
The amount of sales tax deductions that may be claimed during FY 2009 for all taxpayers in the order in which they are received is limited to $500,000. If additional funds do become available from the corn market development account, additional deductions will be granted in the order in which they are received by the Department. If the amount of deductions claimed exceeds the limitation, the deduction will be denied.
Posted: 09/17/2008 by Legislative Services Agency
DIN: 20080917-IR-045080693NRA
Composed: May 01,2024 12:53:00AM EDT
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