Auction Sale Of Tangible Property Is Taxable In Indiana
Added January 30th, 2014
Indiana Administrative Code
Title 45. DEPARTMENT OF STATE REVENUE
Article 2.2. SALES AND USE TAX
Rule 4. Retail Transactions of Retail Merchant
45 IAC 2.2-4-33. Auction sales; sales tax
Authority: IC 6-8.1-3-3
Sec. 33. Every person engaged in the business of making sales at auction of tangible personal property owned by such person or others, shall be and constitute a retail merchant making retail transactions in respect thereto and the gross income received therefrom shall constitute gross retail income of a retail merchant received from retail transactions.
Title 45. DEPARTMENT OF STATE REVENUE
Article 2.2. SALES AND USE TAX
Rule 4. Retail Transactions of Retail Merchant
45 IAC 2.2-4-33. Auction sales; sales tax
Authority: IC 6-8.1-3-3
Sec. 33. Every person engaged in the business of making sales at auction of tangible personal property owned by such person or others, shall be and constitute a retail merchant making retail transactions in respect thereto and the gross income received therefrom shall constitute gross retail income of a retail merchant received from retail transactions.
Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.
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