Indiana § 6-6-6.5-10.7 Excise tax on inventory aircraft; assessment, reporting, remission of
tax, penalties, and interest; aircraft held other than for inventory use

Indiana Statutes

§ 6-6-6.5-10.7 — Excise tax on inventory aircraft; assessment, reporting, remission of tax, penalties, and interest; aircraft held other than for inventory use

Indiana § 6-6-6.5-10.7

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 6.5Aircraft License Excise Tax

This text of Indiana § 6-6-6.5-10.7 (Excise tax on inventory aircraft; assessment, reporting, remission of tax, penalties, and interest; aircraft held other than for inventory use) 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 § 6-6-6.5-10.7 (2026).

Text

7.

(a)The aircraft excise tax shall be assessed on each inventory aircraft held by a dealer on the last day of December.

(b)Each year a dealer shall submit to the department:

(1)an update of the list of known aircraft in inventory, which the department may at its discretion supply; or

(2)a completed form 7695 for each inventory aircraft.

(c)The dealer shall compute the amount of aircraft excise tax due and remit the full amount along with any forms prescribed by the department.

(d)For aircraft deleted from the inventory list, the dealer shall provide complete sale information and shall submit the applicable information if directed to by the department.

(e)A dealer who fails to file and remit the excise tax due for all inventory aircraft as required by the department is subject to th

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7. (a) The aircraft excise tax shall be
assessed on each inventory aircraft held by a dealer on the last day of
December.
(b) Each year a dealer shall submit to the department:
(1) an update of the list of known aircraft in inventory, which the
department may at its discretion supply; or
(2) a completed form 7695 for each inventory aircraft.
(c) The dealer shall compute the amount of aircraft excise tax due
and remit the full amount along with any forms prescribed by the
department.
(d) For aircraft deleted from the inventory list, the dealer shall
provide complete sale information and shall submit the applicable
information if directed to by the department.
(e) A dealer who fails to file and remit the excise tax due for all
inventory aircraft as required by the department is subject to the
penalty and interest provision of this chapter for each inventory aircraft
omitted.
(f) A dealer who holds aircraft for other than inventory use is
subject to the nondealer provisions contained in this chapter regarding
those specific aircraft.