6-6-15-1. Applicability
Sec. 1. This chapter applies only after December 31, 2018, to the rental of taxable heavy rental equipment. As added by P.L.188-2018, SEC.3.
6-6-15-2. Definitions
Sec. 2. The following definitions apply throughout this chapter: (1) “Department” refers to the department of state revenue. (2) “Gross retail income” has the meaning set forth in IC 6-2.5-1-5, except that the term does not include taxes imposed under IC 6-2.5 or the excise tax imposed under this chapter. (3) “Heavy rental equipment” means […]
6-6-15-3. Imposition of the Heavy Equipment Rental Excise Tax; Rate of Tax; Collection
Sec. 3. (a) An excise tax, known as the heavy equipment rental excise tax, is imposed upon the rental of heavy rental equipment from a retail merchant in Indiana and received from the retail merchant in Indiana. Equipment rented from a location outside Indiana is exempt from the excise tax. (b) The heavy equipment rental […]
6-6-15-4. Exemptions
Sec. 4. (a) A transaction involving the rental of heavy rental equipment is exempt from the tax imposed by this chapter if any of the following apply: (1) The rentee is: (A) the United States government; (B) the state; (C) a political subdivision (as defined in IC 36-1-2-13); or (D) an agency or instrumentality of […]
6-6-15-5. Liability for Tax; Collection
Sec. 5. A person that rents heavy rental equipment is liable for the heavy equipment rental excise tax on the transaction. The person shall pay the tax to the retail merchant as a separate amount added to the consideration for the transaction. The retail merchant shall collect the tax as an agent for the state. […]
6-6-15-6. Payment and Sourcing of the Tax; Credit for Misclassification
Sec. 6. (a) Subject to subsection (b), a retail merchant shall remit the heavy equipment rental excise tax that the retail merchant collects under this chapter in the same manner as the state gross retail tax is remitted under IC 6-2.5. (b) The heavy equipment rental excise tax imposed under this chapter shall be sourced […]
6-6-15-7. Heavy Equipment Rental Excise Tax Account; Distributions and Apportionment of the Tax
Sec. 7. (a) All revenues collected from the heavy equipment rental excise tax must be deposited in a special account of the state general fund called the heavy equipment rental excise tax account. (b) On or before April 30 and October 30 of each year, all amounts held in the heavy equipment rental excise tax […]