Ind. Admin. Code tit. 45, r. 2.2-6-10
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 10. The retail merchants' "income exclusion ratio" for a particular tax year equals a fraction as set forth:
| numerator = gross income from transactions under 10¢ |
| denominator = estimated total gross income for tax year from all retail transaction |
(Department of State Revenue; Ch. 6, Reg. 6-2.5-6-8(b)(010); filed Dec 1, 1982, 10:35 am: 6 IR 62; filed Aug 6, 1987, 4:30 pm: 10 IR 2642)