Indiana Statutes
§ 6-6-1.1-209 — Inventory tax; imposition; computation; listed tax
Indiana § 6-6-1.1-209
This text of Indiana § 6-6-1.1-209 (Inventory tax; imposition; computation; listed tax) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-6-1.1-209 (2026).
Text
(a)Persons having title to gasoline in
storage and held for sale on the effective date of an increase in the
license tax rate imposed under section 201 of this chapter are subject
to an inventory tax based upon the gallonage in storage as of the close
of the business day preceding the effective date of the increased license
tax rate.
(b)Persons subject to the tax imposed under this section shall:
(1)take an inventory to determine the gallonage in storage for
purposes of determining the inventory tax;
(2)report that gallonage on forms provided by the administrator;
and
(3)pay the tax due within thirty (30) days of the prescribed
inventory date.
(c)The amount of the inventory tax is equal to the inventory tax rate
times the gallonage in storage as determined under subsection (a). The
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Legislative History
As added by P.L.59-1985, SEC.10.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-6-1.1-209, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-6-1.1-209.