Sec. 4. Discount for Timely Payment. The department shall allow a taxpayer a discount of one and one-half percent (1 1/2%) of the amount of excise taxes otherwise due for the accurate reporting and timely remitting of the excise taxes imposed by this title.

[Pre-1973 Recodification Citation: 7-2-1-17(c).]

Formerly: Acts 1973, P.L.55, SEC.1; Acts 1973, P.L.56, SEC.22.