§ 6-2.5-3.5-15 — Monthly notice of the gasoline use tax rate

Indiana § 6-2.5-3.5-15

• Jurisdiction: Indiana
• Art. 2.5: STATE GROSS RETAIL AND USE TAXES
• Ch. 3.5: Collection of Use Tax on Gasoline

Text

(a) Before the twenty-second day of each
month, the department shall determine and provide a notice of the
gasoline use tax rate to be used during the following month and the
source of the data used to determine the gasoline use tax rate and the
statewide average retail price per gallon of gasoline. The notice shall
be published on the department's website in a departmental notice.
(b) In determining the gasoline use tax rate under this section, the
department shall use:
(1) the statewide average retail price per gallon of gasoline (based
on the retail price per gallon of gasoline from the sixteenth day of
the previous month to the fifteenth day of the current month),
excluding the Indiana gasoline tax, federal gasoline tax, Indiana
gasoline use tax, and Indiana gross retail tax (if any); multiplied
by
(2) seven percent (7%).
To determine the statewide average retail price, the department shall
use a data service that updates the most recent retail price of gasoline.
The gasoline use tax rate per gallon of gasoline determined by the
department under this section shall be rounded to the nearest one-tenth
of one cent ($0.001).
(c) Notwithstanding subsections (a) and (b), the gasoline use tax
rate imposed on a transaction that occurs beginning on the first day
following the enactment into law of this subsection and continuing
through June 30, 2023, is the lesser of:
(1) the monthly gasoline use tax rate per gallon of gasoline as
determined by the department under subsections (a) and (b); or
(2) twenty-nine and five-tenths cents ($0.295) per gallon of
gasoline.
This subsection expires July 1, 2023.

Legislative History

As added by P.L.227-2013, SEC.1. Amended by P.L.180-2022(ss), SEC.6; P.L.1-2025, SEC.95.