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​Successor Liability

Beginning Jan. 1, 2024, when a business owner sells more than 50% of their business’s tangible personal property to another person (a successor), the successor will be liable for the seller’s past due sales, use, county innkeeper’s, and food and beverage tax.

Although the effective date to apply successor liability to bulk sale transactions is Jan. 1, 2024, legislation limits the application to transactions that take place on or after Feb. 14, 2024. DOR will reject any submissions for transactions with a closing date prior to Feb. 14, 2024. Any submissions made before Jan. 1, 2024, will be considered to have been submitted on Jan. 1, 2024, to calculate for the 20 days allowed for a response.

See Notice of Transfer in Bulk form instructions

Download the Notice of Transfer in Bulk form

Submit your Notice of Transfer in Bulk form through INTIME

Successor in Liability FAQ

Contact us:

Questions on successor in liability? Call Business Tax at 317-232-0129 or mail to Indiana Department of Revenue, PO Box 7206, Indianapolis IN 46241-7206.

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