Indiana Code 6-7-2-13. Collection allowance
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Sec. 13. A distributor or remote seller that files a complete return and pays the taxes due within the time specified in section 12 of this chapter is entitled to deduct and retain from the tax a collection allowance of seven-thousandths (0.007) of the amount due. If a distributor or remote seller files an incomplete report, the department may reduce the collection allowance by an amount that does not exceed the lesser of:
(2) fifty dollars ($50).
(1) ten percent (10%) of the collection allowance; or
Terms Used In Indiana Code 6-7-2-13
- 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
As added by P.L.96-1987, SEC.7. Amended by P.L.192-2002(ss), SEC.139; P.L.191-2016, SEC.7; P.L.165-2021, SEC.111; P.L.137-2022, SEC.77.