Indiana § 6-6-5-14 Limitations on indebtedness of political or municipal corporations;
effect

Indiana Statutes

§ 6-6-5-14 — Limitations on indebtedness of political or municipal corporations; effect

Indiana § 6-6-5-14

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 5Motor Vehicle Excise Tax

This text of Indiana § 6-6-5-14 (Limitations on indebtedness of political or municipal corporations; effect) 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 § 6-6-5-14 (2026).

Text

(a)The excise tax imposed by this chapter is equal to an average property tax rate of two dollars ($2) on each one hundred dollars ($100) taxable value.

(b)For the purpose of limitations on indebtedness of political or municipal corporations imposed by Article 13, Section 1 of the Constitution of the State of Indiana, vehicles subject to tax under this chapter shall be deemed to be taxable property within each such political or municipal corporation where the owner resides.

(c)The assessed valuation of such vehicles shall be determined by multiplying the amount of the tax by one hundred (100) and dividing such result by two dollars ($2). Formerly: Acts 1969, c.423, s.14. As amended by P.L.2-1988, SEC.17; P.L.98-1989, SEC.7; P.L.33-1990, SEC.15; P.L.6-1997, SEC.128; P.L.256-2017, SEC.40.

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(a) The excise tax imposed by this chapter is
equal to an average property tax rate of two dollars ($2) on each one
hundred dollars ($100) taxable value.
(b) For the purpose of limitations on indebtedness of political or
municipal corporations imposed by Article 13, Section 1 of the
Constitution of the State of Indiana, vehicles subject to tax under this
chapter shall be deemed to be taxable property within each such
political or municipal corporation where the owner resides.
(c) The assessed valuation of such vehicles shall be determined by
multiplying the amount of the tax by one hundred (100) and dividing
such result by two dollars ($2).
Formerly: Acts 1969, c.423, s.14. As amended by P.L.2-1988,
SEC.17; P.L.98-1989, SEC.7; P.L.33-1990, SEC.15; P.L.6-1997,
SEC.128; P.L.256-2017, SEC.40.