45 IAC 2.2-6-14 Collection allowance

Sec. 14. In order to compensate retail merchants for collecting and timely remitting the state gross retail and use tax, the retail merchant, except the retail merchant referred to in Regulation 6-2.5-6-10(c)(010) [45 IAC 2.2-6-16], is entitled to deduct and retain from the tax liability determined in IC 6-2.5-7-5 [IC 6-2.5-7-5 was repealed by P.L.218-2017, SECTION 8, effective July 1, 2017.] or under this chapter of the Regulation [45 IAC 2.2-6], if timely remitted, a retail merchant's collection allowance.