Disposition of tax revenue
Sec. 5. (a) The department shall deposit revenue collected under
sections 4 and 12 of this chapter in the state highway fund (IC
8-23-9-54).
(b) The department shall deposit revenue collected under section
4.5 of this chapter as follows:
(1) Forty-five and one-half percent (45.5%) in the state highway
fund (IC 8-23-9-54).
(2) Forty-five and one-half percent (45.5%) in the motor vehicle
highway account (IC 8-14-1).
(3) Nine percent (9%) in the motor carrier regulation fund
administered by the department.
(c) The department shall deposit revenue collected under section
13 of this chapter as follows:
(1) Thirty-five percent (35%) in the motor vehicle highway
account (IC 8-14-1).
(2) Sixty-five percent (65%) in the state highway fund (IC
8-23-9-54).
As added by Acts 1982, P.L.59, SEC.1. Amended by P.L.59-1985,
SEC.18; P.L.8-1988, SEC.5; P.L.18-1990, SEC.23.
Last modified: May 28, 2006