Indiana § 6-6-6.5-15 Aircraft subject to tax after regular annual registration date; reduction
of tax

Indiana Statutes

§ 6-6-6.5-15 — Aircraft subject to tax after regular annual registration date; reduction of tax

Indiana § 6-6-6.5-15

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 6.5Aircraft License Excise Tax

This text of Indiana § 6-6-6.5-15 (Aircraft subject to tax after regular annual registration date; reduction of tax) 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 § 6-6-6.5-15 (2026).

Text

(a)If a taxable aircraft becomes subject to registration or taxation after the regular annual registration date in a year, the tax imposed by this chapter shall become due and payable at the time the aircraft becomes subject to registration and the amount of tax to be paid by the owner for the remainder of the year shall be reduced by the lesser of (1) ninety percent (90%) of the tax or (2) ten percent (10%) of the tax for each full calendar month which has elapsed since the regular annual registration date in that year.

(b)The tax reduction under this section shall not apply to persons who claim a tax credit under section 13(c) of this chapter. Formerly: Acts 1975, P.L.68, SEC.1. As amended by Acts 1977, P.L.87, SEC.9; P.L.65-1997, SEC.19; P.L.1-2009, SEC.56.

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(a) If a taxable aircraft becomes subject to
registration or taxation after the regular annual registration date in a
year, the tax imposed by this chapter shall become due and payable at
the time the aircraft becomes subject to registration and the amount of
tax to be paid by the owner for the remainder of the year shall be
reduced by the lesser of (1) ninety percent (90%) of the tax or (2) ten
percent (10%) of the tax for each full calendar month which has
elapsed since the regular annual registration date in that year.
(b) The tax reduction under this section shall not apply to persons
who claim a tax credit under section 13(c) of this chapter.
Formerly: Acts 1975, P.L.68, SEC.1. As amended by Acts 1977,
P.L.87, SEC.9; P.L.65-1997, SEC.19; P.L.1-2009, SEC.56.