Indiana Statutes
§ 6-6-1.1-705 — Deduction for evaporation, shrinkage, losses, and tax related expenses
Indiana § 6-6-1.1-705
This text of Indiana § 6-6-1.1-705 (Deduction for evaporation, shrinkage, losses, and tax related expenses) 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 § 6-6-1.1-705 (2026).
Text
(a)If a monthly report is filed and the
amount due is remitted at or before the time required by this chapter,
a distributor is entitled to a deduction equal to one and six-tenths
percent (1.6%) of the remainder of:
(1)the number of invoiced gallons of gasoline he received in
Indiana during the preceding calendar month; minus
(2)the deductions claimed by the distributor under sections 701
through 704 of this chapter.
This deduction is a flat allowance to cover evaporation, shrinkage,
losses (except losses covered by section 301(5) of this chapter), and the
distributor's expenses in collecting and timely remitting the tax
imposed by this chapter.
(b)If a monthly report is filed or the amount due is remitted later
than the time required under this chapter, the distributor shall pay to
th
Free access — add to your briefcase to read the full text and ask questions with AI
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Repealed§ 6-1.1-1-14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 § 6-6-1.1-705, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-6-1.1-705.