§ 6-6-15-6 — Payment and sourcing of the tax; credit for misclassification

(a) Subject to subsection (b), a retail merchant
shall remit the heavy equipment rental excise tax that the retail
merchant collects under this chapter in the same manner as the state
gross retail tax is remitted under IC 6-2.5.
(b) The heavy equipment rental excise tax imposed under this
chapter shall be sourced to the business location of the retail merchant
from which the heavy rental equipment is rented.
(c) The return to be filed for the payment of the heavy equipment
rental excise tax may be either a separate return or may be combined
with the return filed for the payment of the state gross retail tax, as
prescribed by the department.
(d) In the event of a misclassification, a person shall receive a
credit:
(1) for any Indiana property tax paid on the equipment for a
calendar year against any excise tax owed on the equipment in the
same calendar year; and
(2) for any excise tax paid on the equipment for a calendar year
against any Indiana property tax owed on the equipment in the
same calendar year.

Legislative History

As added by P.L.188-2018, SEC.3. Amended by P.L.234-2019, SEC.28.