Sec. 7. The following property is not subject to assessment and
taxation under this article:
(1) A commercial vessel that is subject to the net tonnage tax
imposed under IC 6-6-6.
(2) A motor vehicle or trailer that is subject to the annual
license excise tax imposed under IC 6-6-5.
(3) A boat that is subject to the boat excise tax imposed under
IC 6-6-11.
(4) Property used by a cemetery (as defined in IC 23-14-33-7)
if the cemetery:
(A) does not have a board of directors, board of trustees, or
other governing authority other than the state or a political
subdivision; and
(B) has had no business transaction during the preceding
calendar year.
(5) A commercial vehicle that is subject to the annual excise tax
imposed under IC 6-6-5.5.

As added by P.L.1-1990, SEC.66. Amended by P.L.52-1997, SEC.1;
P.L.181-1999, SEC.1.

Last modified: May 28, 2006