Retail merchant; calculation of tax liability
Sec. 7. Except as otherwise provided in IC 6-2.5-7 or in this
chapter, a retail merchant shall pay to the department, for a particular
reporting period, an amount equal to the product of:
(1) six percent (6%); multiplied by
(2) the retail merchant's total gross retail income from taxable
transactions made during the reporting period.
The amount determined under this section is the retail merchant's
state gross retail and use tax liability regardless of the amount of tax
he actually collects.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.2-1982(ss),
SEC.3; P.L.192-2002(ss), SEC.60.
Last modified: May 28, 2006