Indiana Code - Taxation - Title 6, Section 6-6-6.5-8

Sale or transfer of aircraft; transfer of registration; fee; tax

liability

Sec. 8. (a) In the event of the sale or transfer of ownership of an
aircraft for which a certificate of registration has been issued by the
department, the owner in whose name the aircraft is registered shall
endorse on the back of the certificate of registration and deliver such
certificate to the purchaser or transferee at the time of the sale or
delivery to him of such aircraft and shall within thirty-one (31) days
notify the department in the manner prescribed by the department of
such sale or transfer.
(b) The purchaser or transferee of such aircraft, within thirty-one
(31) days of such sale or transfer, shall apply to the department for
the transfer of the registration of such aircraft to his name and the
issuance of a new certificate of registration. The department shall file
such application and, upon determining that the registration of such
aircraft should be transferred, shall transfer the registration and issue
a new certificate of registration. A fee of ten dollars ($10) shall be
charged for such transfer of registration.
(c) When the sale or transfer of ownership occurs, the buyer or
transferee shall ascertain from the department the amount of excise
tax which the purchaser or transferee will be required to pay under
section 15 of this chapter.
(d) A person shall pay the gross retail tax or use tax to the
department on the earlier of:
(1) the time the aircraft is registered; or
(2) not later than thirty-one (31) days after the purchase date;
unless the person presents proof to the department that the gross
retail tax or use tax has already been paid with respect to the
purchase of the aircraft or proof that the taxes are inapplicable
because of an exemption.
(Formerly: Acts 1975, P.L.68, SEC.1.) As amended by Acts 1977,
P.L.87, SEC.3; Acts 1980, P.L.74, SEC.24; P.L.100-1987, SEC.2;
P.L.65-1997, SEC.8; P.L.97-1998, SEC.3.

Last modified: May 28, 2006