Definition of sales

Authority: IC 6-8.1-3-3

Affected: IC 6-3-1-23 ; IC 6-3-1-24 ; IC 6-3-2-2

Sec. 34. "Sales" Defined. The term "sales" as used in the Act includes all gross receipts which are not subject to allocation under IC 6-3-2-2 (g)–(k), and which are not the compensation of an employee for personal services [See IC 6-3-1-23 ] . Thus any business income of a corporate taxpayer is considered to be from "sales" under this definition, regardless of its actual source.

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Definition of sales

Official source

Authority: IC 6-8.1-3-3

Affected: IC 6-3-1-23 ; IC 6-3-1-24 ; IC 6-3-2-2

Sec. 34. "Sales" Defined. The term "sales" as used in the Act includes all gross receipts which are not subject to allocation under IC 6-3-2-2 (g)–(k), and which are not the compensation of an employee for personal services [See IC 6-3-1-23 ] . Thus any business income of a corporate taxpayer is considered to be from "sales" under this definition, regardless of its actual source.