Section 45IAC10-5-19. Discontinuance of licensee's business

   (a) If a licensee ceases to do business in Indiana, the licensee must give written notice to the administrator at least fifteen (15) days before discontinuance.

  (b) Any tax, penalty, and interest that was accrued under IC 6-6-2.5 is due and payable at the time of discontinuance.

  (c) A licensee who fails to notify the administrator is presumed to be operating in the business for which the license was issued, and therefore is subject to the reporting and remitting requirements of IC 6-6-2.5.

  (d) Upon discontinuance of the business, the licensee shall immediately surrender the license to the administrator and destroy all identification issued by the department under IC 6-6-2.5-55. (Department of State Revenue; Reg 6-6-2.1-518(010); filed Jan 3, 1983, 2:29 p.m.: 6 IR 306; filed Apr 30, 1986, 3:34 p.m.: 9 IR 2186; filed Dec 18, 2015, 3:40 p.m.: 20160113-IR-045140518FRA)