"New motor vehicle"; property acquired for resale, rental, or
leasing in course of business
Sec. 8. (a) As used in this section, "new motor vehicle" has the
meaning set forth in IC 9-13-2-111.
(b) Transactions involving tangible personal property other than
a new motor vehicle are exempt from the state gross retail tax if the
person acquiring the property acquires it for resale, rental, or leasing
in the ordinary course of the person's business without changing the
form of the property.
(c) The following transactions involving a new motor vehicle are
exempt from the state gross retail tax:
(1) A transaction in which a person that has a franchise in effect
at the time of the transaction for the vehicle trade name, trade
or service mark, or related characteristics acquires a new motor
vehicle for resale, rental, or leasing in the ordinary course of the
person's business.
(2) A transaction in which a person that is a franchisee
appointed by a manufacturer or converter manufacturer licensed
under IC 9-23 acquires a new motor vehicle that has at least one
(1) trade name, service mark, or related characteristic as a result
of modification or further manufacture by the manufacturer or
converter manufacturer for resale, rental, or leasing in the
ordinary course of the person's business.
(3) A transaction in which a person acquires a new motor
vehicle for rental or leasing in the ordinary course of the
person's business.
(d) The rental or leasing of accommodations to a promoter by a
political subdivision (including a capital improvement board) or the
state fair commission is not exempt from the state gross retail tax, if
the rental or leasing of the property by the promoter is exempt under
IC 6-2.5-4-4.
As added by Acts 1980, P.L.52, SEC.1. Amended by P.L.93-1987,
SEC.3; P.L.20-1990, SEC.8; P.L.27-2003, SEC.1.
Last modified: May 28, 2006