Sec. 16. (a) As used in this section, "research and development equipment" has the meaning set forth in IC 6-2.5-5-40.
(b) A person is entitled to a refund equal to fifty percent (50%) of the gross retail tax paid by the person under this article in a retail transaction occurring after June 30, 2005, and before July 1, 2007, to acquire research and development equipment.
(c) To receive the refund provided by this section, a person must claim the refund under IC 6-8.1-9 in the manner prescribed by the department.
As added by P.L.193-2005, SEC.11.
Structure Indiana Code
Article 2.5. State Gross Retail and Use Taxes
Chapter 6. Returns, Remittances, and Refunds
6-2.5-6-0.3. Effect of Multiple Amendments to Section 9 of This Chapter
6-2.5-6-1. Returns; Reporting Period; Online Tax Filing; Streamlined Sales and Use Tax Agreement
6-2.5-6-2. Accounting for Tax Receipts; Option to Use Accrual Basis
6-2.5-6-3. Consolidated Filing
6-2.5-6-4. Periodic Deposits of Collections During Reporting Period
6-2.5-6-5. Final Return and Payment
6-2.5-6-7. Retail Merchant; Calculation of Tax Liability
6-2.5-6-8. Tax Liability; Income Exclusion Ratio
6-2.5-6-9. Uncollectible Receivables; Deduction
6-2.5-6-10. Tax Liability; Merchant's Collection Allowance
6-2.5-6-11. Heating Assistance Program; Deduction
6-2.5-6-12. Security for Payment of Tax Collected
6-2.5-6-14.1. Retail Merchant's Refund of Gross Retail or Use Taxes
6-2.5-6-14.2. List of Retail Merchants Selling Tobacco Products
6-2.5-6-16. Refund for Research and Development Equipment
6-2.5-6-17. Payment of Gross Retail Tax for Consignment Sales