Indiana Code § 6-6-1.6-3

Calculation of annual index factors
Open in Lexace · Ask the AI about this section
Sec. 3. (a) The department shall calculate an annual index factor to be used for the rate to take effect each July 1 beginning in 2018 through July 1, 2027. The department shall determine the index factor before June 1 of each year using the method described in subsection (b).       (b) The annual gasoline tax index factor and special fuel index factor equals the following: STEP ONE: Divide the annual CPI-U for the year preceding the determination year by the annual CPI-U for the year immediately preceding that year. STEP TWO: Divide the annual IPI for the year preceding the determination year by the annual IPI for the year immediately preceding that year. STEP THREE: Add: (A) the STEP ONE result; and (B) the STEP TWO result. STEP FOUR: Divide the STEP THREE result by two (2).       (c) If the CPI-U or IPI for a preceding year is revised, corrected, or updated after May 31 of that year, the department shall use the CPI-U or IPI as published for the preceding year prior to revision.   IC 6-6-2 Chapter 2. Repealed   IC 6-6-2.1 Chapter 2.1. Repealed   IC 6-6-2.5 Chapter 2.5. Special Fuel Tax               6-6-2.5-1 "Alternative fuel"             6-6-2.5-1.5 "Biodiesel"             6-6-2.5-2 "Blender"             6-6-2.5-3 "Blending"             6-6-2.5-4 "Bulk end user"             6-6-2.5-5 "Bulk plant"             6-6-2.5-6 "Commissioner"             6-6-2.5-6.5 "Compressed natural gas product fuel station"             6-6-2.5-7 "Department"             6-6-2.5-8 "Destination state"             6-6-2.5-8.5 "Dyed fuel user"             6-6-2.5-9 "Export"             6-6-2.5-10 "Exporter"             6-6-2.5-11 Repealed             6-6-2.5-12 "Heating oil"             6-6-2.5-13 "Import"             6-6-2.5-13.1 "Import verification number"             6-6-2.5-14 "Invoiced gallons"             6-6-2.5-15 "Liquid"             6-6-2.5-16 "Motor vehicle"             6-6-2.5-16.1 "Permissive supplier"             6-6-2.5-16.5 "Natural gas product"             6-6-2.5-17 "Person"             6-6-2.5-18 "Public highway"             6-6-2.5-19 "Rack"             6-6-2.5-20 "Received"             6-6-2.5-21 "Retailer"             6-6-2.5-22 "Special fuel"             6-6-2.5-22.5 "Special fuel gallon"             6-6-2.5-23 "Supplier"             6-6-2.5-24 "Terminal"             6-6-2.5-25 "Terminal operator"             6-6-2.5-25.1 "Transfer in bulk into or within a terminal"             6-6-2.5-25.9 "Transporter"             6-6-2.5-26 "Transmix"             6-6-2.5-26.1 "Transport truck"             6-6-2.5-26.2 "Two party exchange"             6-6-2.5-26.5 "Truck stop"             6-6-2.5-27 "Wholesaler"             6-6-2.5-28 License tax; presumptions; computation; liability for collection and remittance; sulfur content; penalty             6-6-2.5-29 Inventory tax; exclusions; amount             6-6-2.5-30 Exemptions from special fuel tax; provision of export information; refunds             6-6-2.5-30.5 Exemption from special fuel tax; restricted personal, noncommercial use             6-6-2.5-31 Exempted special fuels; dye requirements and specifications; markers             6-6-2.5-32 Refunds; circumstances; claims; investigations             6-6-2.5-32.5 Refund of special fuel tax; qualification; claim for refund             6-6-2.5-32.7 Refund of special fuel tax; compressed natural gas product fuel station; computation; collection allowance             6-6-2.5-33 Payment of interest on refund claim             6-6-2.5-34 Supplier deduction for gallons purchased; prohibition; customer refunds; application             6-6-2.5-35 Collection and remittance of special fuel tax             6-6-2.5-36 Remittance of tax; procedures; deadline             6-6-2.5-37 Costs of collection, reporting, and remittance; retention of portion of remittance; amount; failure to report or remit on time             6-6-2.5-38 Duties and responsibilities of supplier in collection of tax; liability             6-6-2.5-39 Consumption of tax-exempt dyed or marked fuel for nonexempt purpose; remittance of tax             6-6-2.5-40 Transportation of special fuel; requirements and procedures; violations             6-6-2.5-41 Licenses             6-6-2.5-42 Application for license; form and content; investigation             6-6-2.5-43 Repealed             6-6-2.5-44 Surety bond or cash deposit; filing by applicants             6-6-2.5-45 Disclosure of financial records; increase in bond or cash deposit             6-6-2.5-46 Filing of new bond; conditions; cancellation of license; reduction of cash deposit by judgment; additional deposit             6-6-2.5-47 Deposit insufficient to ensure payment; written demand to file new bond; requirements; cancellation of license             6-6-2.5-48 Release of surety from liability; written request; notice; cancellation             6-6-2.5-49 Denial of license; hearing; notice             6-6-2.5-50 Issuance of license             6-6-2.5-51 Validity of license             6-6-2.5-52 Transfer of license; prohibition             6-6-2.5-53 Display of license at place of business             6-6-2.5-54 Discontinuance of business; surrender of license             6-6-2.5-55 Notice of discontinuance, sale, or transfer of business; content; liability             6-6-2.5-56 Repealed             6-6-2.5-56.5 Suppliers, permissive suppliers, and licensed importers; reporting requirements; violations             6-6-2.5-57 Terminal operators; reporting requirements; inventory records             6-6-2.5-58 Final report upon discontinuance, sale, or transfer of business or revocation of license; payment of taxes and penalties             6-6-2.5-59 Exporters; reporting requirements             6-6-2.5-60 Transporters; reporting requirements; failure to report; penalty; waiver of report             6-6-2.5-61 Composite and modified reports             6-6-2.5-62 Special fuel restrictions; violations; exemptions             6-6-2.5-63 Failure of suppliers, permissive suppliers, importers, and blenders to collect or timely remit tax; penalties             6-6-2.5-64 Civil penalties; exemption             6-6-2.5-65 Shipping documents; violations; impoundment, seizure, and sale of vehicle; evidence; release             6-6-2.5-66 Listed tax             6-6-2.5-67 Use of tax revenues             6-6-2.5-68 Deposit of revenue             6-6-2.5-69 Class actions for refund of tax; prerequisites             6-6-2.5-70 Inspections             6-6-2.5-71 Sealing special fuel or kerosene pump; compliance; penalty             6-6-2.5-72 Reports; electronic filing

‹ Prev All Indiana sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.