Indiana § 6-6-6.5-10.6 Use of inventory aircraft for other purpose

Indiana Statutes

§ 6-6-6.5-10.6 — Use of inventory aircraft for other purpose

Indiana § 6-6-6.5-10.6

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 6.5Aircraft License Excise Tax

This text of Indiana § 6-6-6.5-10.6 (Use of inventory aircraft for other purpose) 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 § 6-6-6.5-10.6 (2026).

Text

6.

(a)A dealer may not use inventory aircraft for any purpose other than for resale and demonstration flights unless the dealer charges the fair market rental or lease value and complies with all applicable statutes, rules, and procedures of the department.

(b)Failure to comply or failure to provide proof of compliance to the department may be cause for immediate revocation of the dealer's certificate. However, the dealer has one hundred eighty (180) days after the date of the order to sell the dealer's inventory.

(c)An aircraft used for other purposes shall no longer be considered aircraft inventory and shall be treated as property of a nondealer. The registration fee and all applicable taxes become due thirty-one (31) days after the date the improper use begins.

(d)An inventory aircr

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6. (a) A dealer may not use inventory
aircraft for any purpose other than for resale and demonstration flights
unless the dealer charges the fair market rental or lease value and
complies with all applicable statutes, rules, and procedures of the
department.
(b) Failure to comply or failure to provide proof of compliance to
the department may be cause for immediate revocation of the dealer's
certificate. However, the dealer has one hundred eighty (180) days after
the date of the order to sell the dealer's inventory.
(c) An aircraft used for other purposes shall no longer be considered
aircraft inventory and shall be treated as property of a nondealer. The
registration fee and all applicable taxes become due thirty-one (31)
days after the date the improper use begins.
(d) An inventory aircraft that during a year has total time in service
exceeding fifty (50) hours is no longer considered aircraft inventory
and is treated as property of a nondealer. The registration fee and all
applicable taxes are due thirty-one (31) days after the date the total
time in service exceeds fifty (50) hours for the year for that aircraft.