Exemptions
Sec. 9. A boat is exempt from the boat excise tax imposed for a
year if the boat is:
(1) owned by the United States;
(2) owned by the state or one (1) of its political subdivisions (as
defined in IC 36-1-2-13);
(3) owned by an organization exempt from federal income
taxation under 501(c)(3) of the Internal Revenue Code;
(4) a human powered vessel, as determined by the department
of natural resources;
(5) held by a boat manufacturer, distributor, or dealer for sale
in the ordinary course of business and subject to assessment
under IC 6-1.1;
(6) used by a person for the production of income and subject
to assessment under IC 6-1.1;
(7) stored in Indiana for less than twenty-two (22) consecutive
days and not operated, used, or docked in Indiana;
(8) registered outside Indiana and operated, used, or docked in
Indiana for a combined total of less than twenty-two (22)
consecutive days during the boating year; or
(9) subject to the commercial vessel tonnage tax under IC 6-6-6.
As added by P.L.98-1989, SEC.1. Amended by P.L.81-1993, SEC.1.
Last modified: May 28, 2006