45 IAC 2.2-6-10

45 IAC 2.2-6-10 Income exclusion ratio defined

Last amended: 1987Year: 2027Length: 40 wordsOfficial source

Cite as Ind. Admin. Code tit. 45, r. 2.2-6-10

Sec. 10. The retail merchants' "income exclusion ratio" for a particular tax year equals a fraction as set forth: numerator = gross income from transactions under 10¢ denominator = estimated total gross income for tax year from all retail transaction
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