IC 6-8-1-23: Record keeping violations; offenses

Sec. 23. (a) Every taxpayer shall keep and maintain proper books and records sufficient to adequately reflect the severance of all petroleum products and their value for a period of three (3) years from the date of the filing of the return and the payment of the tax for each taxable period.

(b) It is a Class C infraction for a person subject to taxation under this chapter to fail to keep and preserve records, books, or accounts as may be necessary to determine the amount for which the person is liable. It is a Class C infraction for a person to fail to keep and preserve records for a period of three (3) years, or to fail to keep them open for examination at any time by the department or its authorized agents.

(c) It is a Class B misdemeanor for a person to make false entries in the person's books, or to keep more than one (1) set of books, with intent to defraud the state or evade the payment of the tax, or any part thereof, imposed by this chapter.