Indiana Code 6-7-2-24. Civil penalty for purchase of taxable products from a distributor that is not licensed
Current as of: 2024 | Check for updates
|
Other versions
Sec. 24. A retailer (except a remote seller that is required to remit tax imposed by this chapter) who purchases a taxable product from a distributor who has not obtained a license required under section 8 of this chapter or whose license has been suspended or revoked by the department is subject to a penalty not to exceed the greater of:
(2) five thousand dollars ($5,000);
(1) one hundred percent (100%) of the retail value of the taxable product; or
Terms Used In Indiana Code 6-7-2-24
- department: refers to the department of state revenue and includes its employees and agents. See Indiana Code 6-7-2-1
- distributor: means a person who:
Indiana Code 6-7-2-2
- remote seller: means a retail dealer that meets the economic threshold under Indiana Code 6-7-2-3.3
- taxable product: means tobacco products, alternative nicotine products, or closed system cartridges, or any combination thereof. See Indiana Code 6-7-2-3.5
on the purchase.
As added by P.L.137-2022, SEC.81.