Tax rate

Authority: IC 6-8.1-3-3 Affected: IC 6-2.5 Sec. 3. The state gross retail tax is measured by the gross retail income received by a retail merchant in a retail unitary transaction and is imposed at the following rates: STATE GROSS RETAIL TAX | GROSS RETAIL INCOME RECEIVED FROM THE RETAIL UNITARY TRANSACTION $.0 | less than $.10 $.01 | at least $ .10, but less than $.30 $.02 | at least $ .30, but less than $.50 $.03 | at least $ .50, but less than $.70 $.04 | at least $ .70, but less than $.90 $.05 | at least $ .90, but less than $1.10 On a retail unitary transaction in which the gross retail income received by the retail merchant is one dollar and ten cents ($1.10) or more, the state gross retail tax is five percent (5%) of that gross retail income. (Department of State Revenue; Ch. 2, Reg. 6-2.5-2-2(a)(010); filed Dec 1, 1982, 10:35 am: 6 IR 9; filed Aug 6, 1987, 4:30 pm: 10 IR 2611)