Auction Sale of Tangible Property is Taxable in Indiana

Indiana Administrative Code
Title 45. DEPARTMENT OF STATE REVENUE
Article 2.2. SALES AND USE TAX
Rule 4. Retail Transactions of Retail Merchant

45 IAC 2.2-4-33. Auction sales; sales tax

Authority: IC 6-8.1-3-3

Sec. 33. Every person engaged in the business of making sales at auction of tangible personal property owned by such person or others, shall be and constitute a retail merchant making retail transactions in respect thereto and the gross income received therefrom shall constitute gross retail income of a retail merchant received from retail transactions.