§ 15-15-12-32 — Assessments; collection; handling fee

(a) An assessment of one-half cent ($0.005)
per bushel must be collected on all corn sold in Indiana. The
assessment may be imposed and collected on a quantity of corn only
once and must be collected by the first purchaser. A buyer of corn who
purchases more than one hundred thousand (100,000) bushels annually
for the buyer's own use as seed or feed is responsible only for collecting
checkoff assessments on corn purchases made after the buyer exceeds
the one hundred thousand (100,000) bushel threshold and becomes a
first purchaser. The rate of the assessment imposed by this section may
be changed only by the general assembly.
(b) The first purchaser of a quantity of corn shall deduct the
assessment on the corn from the money to be paid to the producer
based on the sale of the corn. A first purchaser shall accumulate
assessments collected under this subsection throughout each of the
following periods:
(1) January, February, and March.
(2) April, May, and June.
(3) July, August, and September.
(4) October, November, and December.
(c) At the end of each period, the first purchaser shall remit to the
council all assessments collected during the period. A first purchaser
who remits all assessments collected during a period within thirty (30)
days after the end of the period is entitled to retain three percent (3%)
of the total of the assessments as a handling fee.
(d) The assessment on the sale of the corn must occur when the
payment for the corn is received by the producer.
(e) A first purchaser who is not subject to the assessment under this
section shall sign and date an exemption form. The council shall
prepare the exemption form.
[Pre-2008 Recodification Citation: 15-4-10-26.]

Legislative History

As added by P.L.2-2008, SEC.6. Amended by P.L.98-2012, SEC.10.