Tax on registered vehicles for calendar years after 2000
Sec. 10. (a) For calendar years that begin after December 31,
2000, a vehicle subject to the International Registration Plan that is
registered after the date designated for registration of the vehicle
under IC 9-18-2-7 or under rules adopted by the department shall be
taxed at a rate determined by the following formula:
STEP ONE: Determine the number of months before the
vehicle must be registered. A partial month shall be rounded to
one (1) month.
STEP TWO: Multiply the STEP ONE result by one-twelfth
(1/12).
STEP THREE: Multiply the annual excise tax for the vehicle by
the STEP TWO product.
(b) A vehicle that is registered with the bureau after the date
designated for registration of the vehicle under IC 9-18-2-7 shall be
taxed at a rate determined by the formula set forth in subsection (a).
As added by P.L.181-1999, SEC.2.
Last modified: May 28, 2006