Indiana § 6-6-2.5-26.2 "Two party exchange"

Indiana Statutes

§ 6-6-2.5-26.2 — "Two party exchange"

Indiana § 6-6-2.5-26.2

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 2.5Special Fuel Tax

This text of Indiana § 6-6-2.5-26.2 ("Two party exchange") 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 § 6-6-2.5-26.2 (2026).

Text

2. As used in this chapter, "two (2) party exchange" means a transaction in which a product is transferred from one (1) licensed supplier or permissive supplier to another when:

(1)the transaction includes a transfer from the person who holds the original inventory position for special fuel in the terminal as indicated in the records of the terminal operator; and

(2)the exchange transaction is completed before removal from the terminal by the receiving exchange partner, provided that the terminal operator in the terminal operator's books and records treats the receiving exchange party as the supplier that receives the product for purposes of reporting the events to the state of Indiana.

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2. As used in this chapter, "two (2) party
exchange" means a transaction in which a product is transferred from
one (1) licensed supplier or permissive supplier to another when:
(1) the transaction includes a transfer from the person who holds
the original inventory position for special fuel in the terminal as
indicated in the records of the terminal operator; and
(2) the exchange transaction is completed before removal from
the terminal by the receiving exchange partner, provided that the
terminal operator in the terminal operator's books and records
treats the receiving exchange party as the supplier that receives
the product for purposes of reporting the events to the state of
Indiana.