§ 6-7-2-0.1 — "Actual cost"; "actual cost list"

Indiana § 6-7-2-0.1

• Jurisdiction: Indiana
• Art. 7: TOBACCO TAXES
• Ch. 2: Tobacco Products Tax

Text

1. As used in this chapter:
(1) "actual cost" means the price paid by a remote seller for an
individual taxable product; and
(2) "actual cost list" means an annual list (prepared, maintained,
and certified by each remote seller) of the cost of each individual
taxable product. For purposes of this subdivision, the actual cost
for each individual product in a cost list shall be the average of
the actual price paid by a remote seller for the individual product
over the twelve (12) calendar months prior to January 1 of the
year in which the sale by the remote seller occurs.

Legislative History

As added by P.L.137-2022, SEC.60.