Claims for motor vehicle, school bus body and chassis, and truck
chassis exemptions
Sec. 31.7. (a) Subject to subsection (c), in order to claim a
property tax exemption under section 31.4, 31.5, or 31.6 of this
chapter, the owner or possessor of:
(1) a truck chassis under section 31.4 of this chapter;
(2) a passenger motor vehicle under section 31.5 of this chapter;
or
(3) a school bus body or chassis under section 31.6 of this
chapter;
must file a claim for an exemption at the same time that the taxpayer
is required to file a personal property tax return.
(b) A claim for exemption under this section must be filed on a
form:
(1) prescribed by the department of local government finance;
and
(2) containing the following information:
(A) A description of the property claimed to be exempt in
sufficient detail to afford identification of the property.
(B) A statement indicating the ownership and the possession
of the property.
(C) The grounds for claiming the exemption.
(D) The full name and address of the applicant.
(E) Any additional information that the department of local
government finance may require that is:
(i) reasonably related to the exemption; and
(ii) necessary to determine the exemption.
(c) Notwithstanding subsection (b), an owner or a possessor may
claim an exemption for a chassis or vehicle under this section
without filing the form required under subsection (b) if:
(1) before March 1 the owner or possessor of the chassis or
vehicle identifies the chassis or vehicle, by chassis or vehicle
identification number, as a chassis or vehicle to be used to
fulfill an order from an out-of-state dealer; and
(2) the owner or possessor of the chassis or vehicle submits
with the owner's or possessor's personal property return a list
that:
(A) gives the chassis or vehicle identification number of
each chassis or vehicle claimed to be exempt under
subdivision (1); and
(B) identifies the order from an out-of-state dealer that
corresponds to each chassis or vehicle listed.
(d) If, upon the request of the local assessing official, a county
assessor, a member of the county property tax assessment board of
appeals, or the department of local government finance the owner or
possessor is unable to verify that the chassis or vehicle was used to
fulfill the identified order, an exemption claimed under subsection
(c) shall be denied.
As added by P.L.57-1993, SEC.9. Amended by P.L.84-1995, SEC.2;
P.L.47-1996, SEC.1; P.L.6-1997, SEC.36; P.L.90-2002, SEC.102.
Last modified: May 28, 2006