Surtax adjustment
Sec. 7.4. (a) If a vehicle has been acquired or brought into
Indiana, or for any other reason becomes subject to registration after
the regular annual registration date in the year on or before which the
owner of the vehicle is required under the motor vehicle registration
laws of Indiana to register vehicles, the amount of surtax computed
under section 7.3 of this chapter shall be reduced in the same manner
as the excise tax is reduced under IC 6-6-5-7.
(b) The owner of a vehicle who sells the vehicle in a year in
which the owner has paid the surtax imposed by this chapter is
entitled to receive a credit that is calculated in the same manner and
subject to the same requirements as the credit for the excise tax
under IC 6-6-5-7.
(c) If the name of the owner of a vehicle is legally changed and
the change has caused a change in the owner's annual registration
date, the surtax liability of the owner shall be adjusted in the same
manner as excise taxes are adjusted under IC 6-6-5-7.
As added by P.L.11-1999, SEC.2.
Last modified: May 28, 2006