License excise tax; imposition; proof of payment of property tax
not required
Sec. 2. (a) There is imposed an annual license excise tax upon
vehicles, which tax shall be in lieu of the ad valorem property tax
levied for state or local purposes, but in addition to any registration
fees imposed on such vehicles.
(b) The tax imposed by this chapter is a listed tax and subject to
the provisions of IC 6-8.1.
(c) No vehicle, as defined in section 1 of this chapter, excepting
vehicles in the inventory of vehicles held for sale by a manufacturer,
distributor or dealer in the course of business, shall be assessed as
personal property for the purpose of the assessment and levy of
personal property taxes or shall be subject to ad valorem taxes
whether or not such vehicle is in fact registered pursuant to the motor
vehicle registration laws. No person shall be required to give proof
of the payment of ad valorem property taxes as a condition to the
registration of any vehicle that is subject to the tax imposed by this
chapter.
(Formerly: Acts 1969, c.423, s.2.) As amended by Acts 1981, P.L.94,
SEC.2; Acts 1982, P.L.43, SEC.6; P.L.335-1989(ss), SEC.7.
Last modified: May 28, 2006