Indiana § 6-2.5-5-37 Professional motor racing vehicle parts exemption; two-seater Indy car
exemption; tires and accessories excluded

Indiana Statutes

§ 6-2.5-5-37 — Professional motor racing vehicle parts exemption; two-seater Indy car exemption; tires and accessories excluded

Indiana § 6-2.5-5-37

Art. 2.5STATE GROSS RETAIL AND USE TAXES

Ch. 5Exempt Transactions of Retail Merchant

This text of Indiana § 6-2.5-5-37 (Professional motor racing vehicle parts exemption; two-seater Indy car exemption; tires and accessories excluded) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-2.5-5-37 (2026).

Text

(a)Transactions involving tangible personal property are exempt from the state gross retail tax, if the tangible personal property:

(1)is leased, owned, or operated by a professional racing team; and

(2)comprises any part of a professional motor racing vehicle, excluding tires and accessories.

(b)Transactions involving tangible personal property are exempt from the state gross retail tax, if the tangible personal property:

(1)is leased, owned, or operated by a company that is engaged in offering a competitive racing experience during a competitive racing event; and

(2)comprises any part of a two-seater Indianapolis 500 style race car, excluding tires and accessories.

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(a) Transactions involving tangible personal
property are exempt from the state gross retail tax, if the tangible
personal property:
(1) is leased, owned, or operated by a professional racing team;
and
(2) comprises any part of a professional motor racing vehicle,
excluding tires and accessories.
(b) Transactions involving tangible personal property are exempt
from the state gross retail tax, if the tangible personal property:
(1) is leased, owned, or operated by a company that is engaged in
offering a competitive racing experience during a competitive
racing event; and
(2) comprises any part of a two-seater Indianapolis 500 style race
car, excluding tires and accessories.