CHAPTER 2. STATE GROSS RETAIL TAX

IC 6-2.5-2
    Chapter 2. State Gross Retail Tax

IC 6-2.5-2-1
Imposition; liability; payment; collection
    Sec. 1. (a) An excise tax, known as the state gross retail tax, isimposed on retail transactions made in Indiana.
    (b) The person who acquires property in a retail transaction isliable for the tax on the transaction and, except as otherwise providedin this chapter, shall pay the tax to the retail merchant as a separateadded amount to the consideration in the transaction. The retailmerchant shall collect the tax as agent for the state.
As added by Acts 1980, P.L.52, SEC.1.

IC 6-2.5-2-2
Tax rate
    Sec. 2. (a) The state gross retail tax is measured by the gross retailincome received by a retail merchant in a retail unitary transactionand is imposed at seven percent (7%) of that gross retail income.
    (b) If the tax computed under subsection (a) carried to the thirddecimal place results in the numeral in the third decimal place beinggreater than four (4), the amount of the tax shall be rounded to thenext additional cent.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.2-1982(ss),SEC.2; P.L.192-2002(ss), SEC.49; P.L.146-2008, SEC.310;P.L.113-2010, SEC.47.