832 IAC 7-2-5

832 IAC 7-2-5 Cash advance item and sales tax collections

Last amended: 2019Year: 2027Length: 64 wordsOfficial source

Cite as Ind. Admin. Code tit. 832, r. 7-2-5

Sec. 5. All funds collected by a seller for future payment of cash advance items or sales tax shall be deposited to trust in accordance with IC 30-2-13-12.5 and held in trust until the time of delivery. Funds collected as premiums for life insurance or annuities to fund cash advance items or sales tax shall be paid as premiums to the life insurance company.
832 IAC 7-2-5: 832 IAC 7-2-5 Cash advance item and sales tax collections | Justis AI