Section 45IAC2.2-4-4. Wholesale sales

   The term "wholesale sales" includes an [sic.] is limited to the following:

(1) Sales of tangible personal property, except capital or depreciable assets, to a purchaser for resale in the form in which it was purchased.

(2) Sales of tangible personal property for its direct consumption in direct production by a purchaser in the business of producing tangible personal property by manufacturing, processing, refining, repairing, mining, agriculture or horticulture. "Consumed" as used in this regulation [45 IAC 2.2] means the dissipation or expenditure by combustion, use or application, and does not mean or include the obsolescence, discarding, disuse, depreciation, damage, wear or breakage of tools, dies, equipment, machinery, or furnishings.

(3) Sales of tangible personal property to be incorporated as material and integral part of tangible personal property produced by the purchaser in the business of manufacturing, assembly, construction, refining or processing.

(4) Sales of drugs, medicine, dental preparations and like materials to be directly consumed in professional use by doctors, dentists, embalmers, hospitals, barber shops, etc.

(5) Sales of tangible personal property for direct consumption by the purchaser in industrial cleaning.

(6) Sales of tangible personal property for direct consumption by the purchaser directly in the business of rendering public utility services.

(Department of State Revenue; Ch. 4, Reg. 6-2.5-4-2(b)(010); filed Dec 1, 1982, 10:35 am: 6 IR 17)