Reductions in tax; age of boat
Sec. 11. The boat excise tax due under section 10 of this chapter is
reduced by ten percent (10%) for each year since the year the boat
was manufactured, but not to exceed fifty percent (50%). The
reduced excise tax liability shall be rounded upward to the next full
dollar amount. However, the boat excise tax due for a year may not
be reduced to less than six dollars ($6) for Class 2 through Class 14
boats or two dollars ($2) for a Class 1 boat.
As added by P.L.98-1989, SEC.1. Amended by P.L.33-1990, SEC.18;
P.L.71-1991, SEC.2.
Last modified: May 28, 2006