45 IAC 2.2-2-3 Tax rate

Sec. 3. 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 TAX GROSS RETAIL INCOME RECEIVED FROM THE RETAIL UNITARY TRANSACTION $.0 less than $.10 $.01 at least $ .10, but less than $.30 $.02 at least $ .30, but less than $.50 $.03 at least $ .50, but less than $.70 $.04 at least $ .70, but less than $.90 $.05 at least $ .90, but less than $1.10 On a retail unitary transaction in which the gross retail income received by the retail merchant is one dollar and ten cents ($1.10) or more, the state gross retail tax is five percent (5%) of that gross retail income.