Professional motor racing vehicle parts; tires and accessories
excluded
Sec. 37. Transactions involving tangible personal property are
exempt from the state gross retail tax, if the tangible personal
property:
(1) is leased, owned, or operated by a professional racing team;
and
(2) comprises any part of a professional motor racing vehicle,
excluding tires and accessories.
As added by P.L.19-1994, SEC.6. Amended by P.L.193-2005, SEC.9.
Last modified: May 28, 2006