45 IAC 2.2-7-7
45 IAC 2.2-7-7 Payments and deductions
Cite as Ind. Admin. Code tit. 45, r. 2.2-7-7
Sec. 7. (a) The retail merchant's tax liability for the sale of gasoline from a metered pump shall be computed by taking one twenty-sixth
(1/26) of the gross receipts:
(1) Including state gross retail tax, but;
(2) Excluding Indiana and federal gasoline taxes.
(b) The retail merchant is required to remit the amount arrived at by using the formula in clause (1) [subsection (a) of this section]
regardless of the amount of state gross retail tax which was actually collected.
(c) The retail merchant is entitled to deduct the amounts prescribed in IC 6-2.5-6-11 as the collection allowance and IC 6-2.5-6-11 the energy assistance credit.