15-12-3-6. "Net cost"

IN Code § 15-12-3-6 (2019) (N/A)
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Sec. 6. As used in this chapter, "net cost" means:

(1) the price a retailer paid to a wholesaler, manufacturer, or distributor for inventory; minus

(2) any discounts, retainage, and prepaid freight or return freight.

[Pre-2008 Recodification Citation: 15-7-7-6.]

As added by P.L.2-2008, SEC.3.