Indiana Code - Taxation - Title 6, Section 6-2.5-5-38.2

Vehicle lease transactions

Sec. 38.2. The value of an owned vehicle is exempt from the
Indiana gross retail tax in a vehicle lease transaction if the owned
vehicle is exchanged for a like kind vehicle.

As added by P.L.253-1997(ss), SEC.38.

Last modified: May 28, 2006