460 IAC 2-4-34
460 IAC 2-4-34 Allowable business expenses
Cite as Ind. Admin. Code tit. 460, r. 2-4-34
Sec. 34. (a) Each operator must file with the state licensing agency a monthly report of the:
(1) gross income;
(2) allowable business expenses paid by the operator; and
(3) net proceeds;
of the assigned BEP facility or facilities. The report must be filed in a form set by the state licensing agency.
(b) Allowable business expenses are expenses that are allowed by the Internal Revenue Service and the Indiana department of state revenue
to operate a BEP facility.
(c) Upon request of the state licensing agency, the operator is required to submit a copy of their Schedule C from the previous tax year
within fifteen (15) business days from the date of request.