Indiana Code 6-7-2-0.1. “Actual cost”; “actual cost list”
Current as of: 2023 | Check for updates
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Sec. 0.1. As used in this chapter:
(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.
(1) “actual cost” means the price paid by a remote seller for an individual taxable product; and
Terms Used In Indiana Code 6-7-2-0.1
- actual cost: means the price paid by a remote seller for an individual taxable product; and
Indiana Code 6-7-2-0.1
- remote seller: means a retail dealer that meets one (1) or both of the economic thresholds under Indiana Code 6-7-2-3.3
- taxable product: means tobacco products, alternative nicotine products, or closed system cartridges, or any combination thereof. See Indiana Code 6-7-2-3.5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
As added by P.L.137-2022, SEC.60.