Indiana Statutes

§ 15-12-3-6 — "Net cost"

Indiana·Art. 12 AGRICULTURAL ASSISTANCE·Ch. 3 Repurchase of Farm or Industrial Machinery Inventory

As used in this chapter, "net cost" means:

(1)the price a retailer paid to a wholesaler, manufacturer, or distributor for inventory; minus
(2)any discounts, retainage, and prepaid freight or return freight. [Pre-2008 Recodification Citation: 15-7-7-6.]

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Legislative History

As added by P.L.2-2008, SEC.3.

Nearby Sections

15
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