LegalFix
Sign In

6-2.5-1-21.9. "Marketplace facilitator"

IN Code § 6-2.5-1-21.9 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 21.9. (a) "Marketplace facilitator" means a person, including any affiliate (as determined by the relationship standards in Section 267(b) of the Internal Revenue Code) of the person, who:

(1) owns, operates, or otherwise controls a marketplace; and

(2) facilitates a retail transaction pursuant to IC 6-2.5-4-18.

(b) The term does not include a payment processor business:

(1) that is appointed by a merchant to handle payment transactions from various channels, including credit cards and debit cards; and

(2) whose sole activity with respect to marketplace sales is to handle payment transactions between two (2) parties.

As added by P.L.108-2019, SEC.107.

Previous Section
6-2.5-1-21.7. "Marketplace"
Next Section
6-2.5-1-22. "Mobility enhancing equipment"