Monthly payment of tax due; computation
Sec. 502. (a) Except as provided in subsection (b), at the time of
filing each monthly report, each distributor shall pay to the
administrator the full amount of tax due under this chapter for the
preceding calendar month, computed as follows:
(1) Enter the total number of invoiced gallons of gasoline
received during the preceding calendar month.
(2) Subtract the number of gallons for which deductions are
provided by sections 701 through 705 of this chapter from the
number of gallons entered under subdivision (1).
(3) Subtract the number of gallons reported under section
501(3) of this chapter.
(4) Multiply the number of invoiced gallons remaining after
making the computation in subdivisions (2) and (3) by the tax
rate prescribed by section 201 of this chapter to compute that
part of the gasoline tax to be deposited in the highway, road,
and street fund under section 802(2) of this chapter or in the
motor fuel tax fund under section 802(3) of this chapter.
(5) Multiply the number of gallons subtracted under subdivision
(3) by the tax rate prescribed by section 201 of this chapter to
compute that part of the gasoline tax to be deposited in the fish
and wildlife fund under section 802(1) of this chapter.
(b) If the department determines that a distributor's:
(1) estimated monthly gasoline tax liability for the current year;
or
(2) average monthly gasoline tax liability for the preceding
year;
exceeds ten thousand dollars ($10,000), the distributor shall pay the
monthly gasoline taxes due by electronic fund transfer (as defined in
IC 4-8.1-2-7) or by delivering in person or by overnight courier a
payment by cashier's check, certified check, or money order to the
department. The transfer or payment shall be made on or before the
date the tax is due.
As added by Acts 1979, P.L.79, SEC.1. Amended by Acts 1980,
P.L.51, SEC.24; Acts 1980, P.L.10, SEC.8; Acts 1981, P.L.93,
SEC.1; P.L.59-1985, SEC.11; P.L.92-1987, SEC.5; P.L.63-1988,
SEC.12; P.L.28-1997, SEC.22.
Last modified: May 28, 2006