Indiana § 6-6-11-36 Indebtedness of political or municipal corporations; assessed valuation

Indiana Statutes

§ 6-6-11-36 — Indebtedness of political or municipal corporations; assessed valuation

Indiana § 6-6-11-36

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 11Boat Excise Tax

This text of Indiana § 6-6-11-36 (Indebtedness of political or municipal corporations; assessed valuation) 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 § 6-6-11-36 (2026).

Text

For the purpose of the limitations on indebtedness of political or municipal corporations imposed by Article 13, Section 1 of the Constitution of the State of Indiana, a boat subject to taxation under this chapter is considered taxable property within the political or municipal corporation in which the boat has its tax situs. For that purpose, the assessed valuation of the boat is the quotient of:

(1)the excise tax collected in the county multiplied by one hundred (100); divided by

(2)the gross property tax rate for the political subdivision or municipal corporation.

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For the purpose of the limitations on
indebtedness of political or municipal corporations imposed by Article
13, Section 1 of the Constitution of the State of Indiana, a boat subject
to taxation under this chapter is considered taxable property within the
political or municipal corporation in which the boat has its tax situs.
For that purpose, the assessed valuation of the boat is the quotient of:
(1) the excise tax collected in the county multiplied by one
hundred (100); divided by
(2) the gross property tax rate for the political subdivision or
municipal corporation.