Sec. 13. (a) As the basis for measuring the tax imposed by this chapter, the department shall classify every taxable aircraft in its proper class according to the following classification plan:

 

Terms Used In Indiana Code 6-6-6.5-13

  • Aircraft: means a device which is designed to provide air transportation for one (1) or more individuals or for cargo. See Indiana Code 6-6-6.5-1
  • Department: refers to the department of state revenue. See Indiana Code 6-6-6.5-1
  • Maximum landing weight: means the maximum weight of the aircraft, accessories, fuel, pilot, passengers, and cargo that is permitted on landing under the best conditions, as determined for an aircraft by the appropriate federal agency or the certified allowable gross weight published by the manufacturer of the aircraft. 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
  • Person: includes an individual, a partnership, a firm, a corporation, a limited liability company, an association, a trust, or an estate, or a legal representative of such. See Indiana Code 6-6-6.5-1
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Taxable aircraft: means an aircraft required to be registered with the department by this chapter. See Indiana Code 6-6-6.5-1
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
CLASS

DESCRIPTION

 

A

Piston-driven

 

B

Piston-driven,

 

 

and Pressurized

 

C

Turbine driven

 

 

or other Powered

 

D

Homebuilt, Gliders, or

 

 

Hot Air Balloons

     (b) The tax imposed under this chapter is based on the age, class, and maximum landing weight of the taxable aircraft. The amount of tax imposed on the taxable aircraft is based on the following table:

 

Age

Class A

Class B

Class C

Class D

 

0-4

$.04/lb

$.065/lb

$.09/lb

$.0175/lb

 

5-8

$.035/lb

$.055/lb

$.08/lb

$.015/lb

 

9-12

$.03/lb

$.05/lb

$.07/lb

$.0125/lb

 

13-16

$.025/lb

$.025/lb

$.025/lb

$.01/lb

 

17-25

$.02/lb

$.02/lb

$.02/lb

$.0075/lb

 

over 25

$.01/lb

$.01/lb

$.01/lb

$.005/lb

     (c) An aircraft owner, who sells an aircraft on which the owner has paid the tax imposed under this chapter, is entitled to a credit for the tax paid. The credit equals excise tax paid on the aircraft that was sold, times the lesser of:

(1) ninety percent (90%); or

(2) ten percent (10%) times the number of months remaining in the registration year after the sale of the aircraft.

The credit may only be used to reduce the tax imposed under this chapter on another aircraft purchased by that owner during the registration year in which the credit accrues. A person may not receive a refund for a credit under this subsection.

     (d) A person who is entitled to a property tax deduction under IC 6-1.1-12-13 or IC 6-1.1-12-14 is entitled to a credit against the tax imposed on the person’s aircraft under this chapter. The credit equals the amount of the property tax deduction to which the person is entitled under IC 6-1.1-12-13 and IC 6-1.1-12-14, minus the amount of that deduction used to offset the person’s property taxes or vehicle excise taxes, times seven hundredths (.07). The credit may not exceed the amount of the tax due under this chapter. The county auditor shall, upon the person’s request, furnish a certified statement showing the credit allowable under this subsection. The department may not allow a credit under this subsection until the auditor’s statement has been filed in the department’s office.

Formerly: Acts 1975, P.L.68, SEC.1. As amended by Acts 1977, P.L.87, SEC.7; Acts 1980, P.L.74, SEC.27; P.L.93-1983, SEC.8; P.L.1-2009, SEC.55.

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