State Codes and Statutes
Statutes > Indiana > Title6 > Ar2.5 > Ch2IC 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, is
imposed on retail transactions made in Indiana.
(b) The person who acquires property in a retail transaction is
liable for the tax on the transaction and, except as otherwise provided
in this chapter, shall pay the tax to the retail merchant as a separate
added amount to the consideration in the transaction. The retail
merchant 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 retail
income received by a retail merchant in a retail unitary transaction
and is imposed at seven percent (7%) of that gross retail income.
(b) If the tax computed under subsection (a) carried to the third
decimal place results in the numeral in the third decimal place being
greater than four (4), the amount of the tax shall be rounded to the
next 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.
