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IC 6-2.5-2-1
Imposition; liability; payment; collection
Sec. 1. (a) An excise tax, known as the state gross retail tax, is
imposed on retail transactions made in Indiana.
(b) The person who acquires property in a retail transaction is
liable for the tax on the transaction and, except as otherwise provided
in this chapter, shall pay the tax to the retail merchant as a separate
added amount to the consideration in the transaction. The retail
merchant shall collect the tax as agent for the state.
As added by Acts 1980, P.L.52, SEC.1.
IC 6-2.5-2-2
Tax rates
Sec. 2. (a) 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 INCOME
GROSS
FROM THE
RETAIL
RETAIL UNITARY
TAX
TRANSACTION
$ 0
less than $0.08
$ 0.01
at least $ 0.08 but less than $0.21
$ 0.02
at least $ 0.21 but less than $0.36
$ 0.03
at least $ 0.36 but less than $0.51
$ 0.04
at least $ 0.51 but less than $0.64
$ 0.05
at least $ 0.64 but less than $0.79
$ 0.06
at least $ 0.79 but less than $0.93
$ 0.07
at least $ 0.93 but less than $1.07
On a retail unitary transaction in which the gross retail income
received by the retail merchant is one dollar and seven cents ($1.07)
or more, the state gross retail tax is seven percent (7%) of that gross
retail income.
(b) If the tax computed under subsection (a) results in a fraction
of one-half cent ($0.005) or more, the amount of the tax shall be
rounded to the next additional cent.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.2-1982(ss),
SEC.2; P.L.192-2002(ss), SEC.49; P.L.146-2008, SEC.310.