45 IAC 12-7-2 Sale or exchange agreement; deduction

Sec. 2. (a) A licensed distributor that acquires or receives gasoline in this state and subsequently sells, transfers, or exchanges the gasoline to or for the account of another licensed distributor 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 sale, transfer, or exchange.