Tangible personal property transactions
Sec. 35. Transactions involving tangible personal property are
exempt from the state gross retail tax if:
(1) the:
(A) person acquires the property to facilitate the service or
consumption of food and food ingredients that is not
exempted from the state gross retail tax under section 20 of
this chapter; and
(B) property is:
(i) used, consumed, or removed in the service or
consumption of the food and food ingredients; and
(ii) made unusable for further service or consumption of
food and food ingredients after the property's first use for
service or consumption of food and food ingredients; or
(2) the:
(A) person acquiring the property is engaged in the business
of renting or furnishing rooms, lodgings, or accommodations
in a commercial hotel, motel, inn, tourist camp, or tourist
cabin; and
(B) the property acquired is:
(i) used up, removed, or otherwise consumed during the
occupation of the rooms, lodgings, or accommodations by
a guest; or
(ii) rendered nonreusable by the property's first use by a
guest during the occupation of the rooms, lodgings, or
accommodations.
As added by P.L.43-1992, SEC.8. Amended by P.L.257-2003,
SEC.29.
Last modified: May 28, 2006