460 IAC 2-4-34 - Allowable business expenses
Authority: IC 12-9-2-3
Affected: IC 12-12-5; 20 U.S.C. 107
Sec. 34.
(a) Each operator must file with the state licensing agency a monthly report of the:
(1) gross income;
(2) allowable business expenses paid by the operator; and
(3) net proceeds;
of the assigned BEP facility or facilities. The report must be filed in a form set by the state licensing agency.
(b) Allowable business expenses are expenses that are allowed by the Internal Revenue Service and the Indiana department of state revenue to operate a BEP facility.
(c) Upon request of the state licensing agency, the operator is required to submit a copy of their Schedule C from the previous tax year within fifteen (15) business days from the date of request.
Notes
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