Inventory defined; out-of-state owned wholesale automobile
inventory exempt
Sec. 43. (a) As used in this section, "inventory" has the meaning
set forth in IC 6-1.1-3-11.
(b) As used in this section, "dealer" has the meaning set forth in
IC 6-1.1-3-11.
(c) Inventory that is:
(1) owned by an out-of-state dealer; and
(2) located in Indiana for sale on the wholesale automobile
market;
is exempt from property taxation.
As added by P.L.74-2003, SEC.3.
Last modified: May 28, 2006