Refund to local transit system; requisites; interest
Sec. 902. (a) A local transit system is entitled to a refund of tax
paid on gasoline used:
(1) for transporting persons for compensation by means of a
motor vehicle or trackless trolley; or
(2) in a maintenance or an administrative vehicle that is used by
the local transit system to support the transit service.
(b) The claim for refund must contain the following:
(1) A quarterly operating statement.
(2) A current balance sheet.
(3) A schedule of all salaries in excess of ten thousand dollars
($10,000) per annum paid to any officer or employee.
(c) If a refund is not issued within ninety (90) days of filing of the
verified statement and all supplemental information required by
IC 6-6-1.1-904.1, the department shall pay interest at the rate
established by IC 6-8.1-9 computed from the date of filing of the
refund application until a date determined by the administrator that
does not precede by more than thirty (30) days the date on which the
refund is made.
As added by Acts 1979, P.L.79, SEC.1. Amended by Acts 1980,
P.L.51, SEC.41; Acts 1981, P.L.93, SEC.4; P.L.1-1991, SEC.57;
P.L.85-1995, SEC.11.
Last modified: May 28, 2006