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IN SB0241
Bill
AI Summary
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Eliminates exemption certificates for special fuel transactions and requires buyers seeking tax exemptions to file refund claims under IC 6-2.5-7-4 instead.
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Requires all special fuel pumps to display the total price per unit including state sales tax, removing the ability to advertise pre-tax prices.
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Repeals provisions allowing retail merchants to designate metered pumps as "trucks only" and eliminates the ability to advertise special fuel at tax-exempt prices.
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Prohibits exemption certificates from being issued for any special fuel transactions that may be exempt under IC 6-2.5-5-27.
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Effective date: July 1, 2016.
Legislative Description
Sales tax exemption for special fuel. Specifies that a claim must be filed to obtain a refund of state sales taxes paid on purchases of special fuel that are exempt from the state sales tax. Eliminates the use of an exemption certificate for these transactions. Requires that the state sales tax must be included in the price at all pumps dispensing special fuel, and eliminates special fuel pumps for exempt trucks.
Last Action
First reading: referred to Committee on Tax & Fiscal Policy
1/7/2016