Authority: IC 6-8.1-3-3

Affected: IC 6-3-1-23; IC 6-3-1-24; IC 6-3-2-2

Sec. 34. "Sales" Defined. The term "sales" as used in the Act includes all gross receipts which are not subject to allocation under IC 6-3-2-2 (g)–(k), and which are not the compensation of an employee for personal services [See IC 6-3-1-23]. Thus any business income of a corporate taxpayer is considered to be from "sales" under this definition, regardless of its actual source.

(Department of State Revenue; Reg 6-3-1-24(010); filed Oct 15, 1979, 11:15 am: 2 IR 1522; errata, 2 IR 1743)