Sec. 1. (a) An excise tax, known as the state gross retail tax, is imposed on retail transactions made in Indiana. (b) The person who acquires property in a retail transaction is liable for the tax on the transaction and, except as otherwise provided in this chapter, shall pay the tax to the retail merchant […]
Sec. 2. (a) The state gross retail tax is measured by the gross retail income received by a retail merchant in a retail unitary or bundled transaction and is imposed at seven percent (7%) of that gross retail income. (b) If the tax computed under subsection (a) carried to the third decimal place results in […]
Sec. 3. (a) As used in this section, “motor vehicle” means a vehicle that would be subject to the vehicle excise tax imposed under IC 6-6-5 if the vehicle were to be used in Indiana. (b) Notwithstanding section 2 of this chapter, the state gross retail tax rate on a motor vehicle that a purchaser […]
Sec. 5. (a) As used in this section, “cargo trailer” has the meaning set forth in IC 6-2.5-5-39. (b) As used in this section, “nonreciprocal state” means a state that does not provide an exemption from sales, use, or similar taxes imposed on a cargo trailer or recreational vehicle that is purchased in that state […]
