Ind. Admin. Code tit. 45, r. 2.2-2-3 – Tax rate

Sec. 3. The state gross retail tax is measured by the gross retail income received by a retail merchant in a retail unitary transaction and is imposed at the following rates: On a retail unitary transaction in which the gross retail income received by the retail merchant is one dollar and ten cents ($1.10) or more, the state gross retail tax is five percent (5%) of that gross retail income.

STATE GROSS RETAIL TAX	GROSS RETAIL INCOME RECEIVED FROM THE RETAIL UNITARY TRANSACTION
$.0	less than $.10
$.01	at least $ .10, but less than $.30
$.02	at least $ .30, but less than $.50
$.03	at least $ .50, but less than $.70
$.04	at least $ .70, but less than $.90
$.05	at least $ .90, but less than $1.10

(Department of State Revenue; Ch. 2, Reg. 6-2.5-2- 2(a)(010); filed Dec 1, 1982, 10:35 am: 6 IR 9; filed Aug 6, 1987, 4:30 pm: 10 IR 2611)