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Indiana Administrative Code (Last Updated: December 20, 2016) |
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Title 45. DEPARTMENT OF STATE REVENUE |
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Article 45IAC2.2. SALES AND USE TAX |
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Rule 45IAC2.2-4. Retail Transactions of Retail Merchant |
Section 45IAC2.2-4-34. Auction sales; exclusion
Latest version.
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In general, all sales of tangible personal property by any person engaged in the business of making sales at auction are taxable. This regulation [this section] excludes only occasional or isolated sales of tangible personal property on the premises of the owner in those instances where such tangible personal property was not acquired for resale. (Department of State Revenue; Ch. 4, Reg. 6-2.5-4-12(b)(010); filed Dec 1, 1982, 10:35 am: 6 IR 25)