Indiana § 6-6-6.5-22 Equivalence to average property tax rate; effect on constitutional debt
limit; determination of assessed valuation

Indiana Statutes

§ 6-6-6.5-22 — Equivalence to average property tax rate; effect on constitutional debt limit; determination of assessed valuation

Indiana § 6-6-6.5-22

Art. 6MOTOR FUEL AND VEHICLE EXCISE TAXES

Ch. 6.5Aircraft License Excise Tax

This text of Indiana § 6-6-6.5-22 (Equivalence to average property tax rate; effect on constitutional debt limit; determination of 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 § 6-6-6.5-22 (2026).

Text

The excise tax imposed by this chapter is
hereby determined to be equivalent to an average property tax rate of
three dollars ($3) on each one hundred dollars ($100) taxable value.
For the purpose of limitations on indebtedness of political or municipal
corporations imposed by Article 13, Section 1 of the Indiana
Constitution, aircraft subject to tax under this chapter shall be deemed
to be taxable property within each such political or municipal
corporation where the aircraft is based as shown on the records of the
department. The assessed valuation of such aircraft shall be determined
by multiplying the amount of the tax by one hundred (100) and
dividing such result by nine dollars ($9).
Formerly: Acts 1975, P.L.68, SEC.1. As amended by
P.L.93-1983, SEC.12; P.L.6-1997, SEC.129.

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The excise tax imposed by this chapter is
hereby determined to be equivalent to an average property tax rate of
three dollars ($3) on each one hundred dollars ($100) taxable value.
For the purpose of limitations on indebtedness of political or municipal
corporations imposed by Article 13, Section 1 of the Indiana
Constitution, aircraft subject to tax under this chapter shall be deemed
to be taxable property within each such political or municipal
corporation where the aircraft is based as shown on the records of the
department. The assessed valuation of such aircraft shall be determined
by multiplying the amount of the tax by one hundred (100) and
dividing such result by nine dollars ($9).
Formerly: Acts 1975, P.L.68, SEC.1. As amended by
P.L.93-1983, SEC.12; P.L.6-1997, SEC.129.