Indiana Code 6-6-6.5-10.5. Sale or transfer of taxable aircraft; updating of dealer’s inventory; transfer of excise tax liability
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 6-6-6.5-10.5
- Dealer: means a person who has an established place of business in this state, is required to obtain a certificate under Indiana Code 6-6-6.5-1
- Department: refers to the department of state revenue. See Indiana Code 6-6-6.5-1
- Owner: means a person who holds or is required to obtain a certificate of registration from the Federal Aviation Administration for a specific aircraft. See Indiana Code 6-6-6.5-1
Sec. 10.5. Based upon the sales information submitted to the department, the department shall update the dealer‘s inventory and transfer the excise tax liability to the name of the new owner.
As added by P.L.65-1997, SEC.15.