Section 45IAC12-7-1. Deduction for exempted gasoline

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   (a) A licensed distributor who acquires or receives gasoline that subsequently qualifies for an exemption under section 301 of this chapter [45 IAC 12-3-1 through 45 IAC 12-3-5] may claim a deduction for such gasoline.

  (b) The deduction may be taken only after the licensed distributor has submitted adequate documentation to the administrator.

  (c) Except as provided in section 908 of this chapter [IC 6-6-1.1-908], the deduction must be claimed on the report covering the month of export, loss, destruction, sale or use. (Department of State Revenue; Reg 6-6-1.1-701(010); filed Sep 19, 1983, 2:23 pm: 6 IR 2325)

                    
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