45 IAC 12-7-1 Deduction for exempted gasoline

Sec. 1. (a) A licensed distributor that acquires or receives gasoline that subsequently qualifies for an exemption authorized under IC 6-6-1.1-301 may claim a deduction for the gasoline. (b) The deduction may be taken only after the licensed distributor has submitted adequate documentation to the administrator. (c) Except as provided in 45 IAC 12-8-17, the deduction must be claimed on the report covering the month of export, loss, destruction, sale, or use.