Auction sales; exceptions

Ind. Code § 6-2.5-4-12
in effect
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Sec. 12. (a) A person is a retail merchant making a retail transaction when he sells tangible personal property at auction. (b) Notwithstanding subsection (a), a person is not a retail merchant making a retail transaction when: (1) he makes isolated or occasional sales of tangible personal property at auction; (2) the sales occur on the premises of the owner of the tangible personal property; and (3) the owner of the tangible personal property did not originally acquire that property for resale. As added by Acts 1980, P.L.52, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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