Credit upon sale of vehicle

Official textiga.in.govlast amended 2017

Sec. 8.5.

# (a)

Every owner of a vehicle for which the wheel tax has been paid for the owner's registration year is entitled to a credit if during that registration year the owner sells the vehicle. The amount of the credit equals the wheel tax owed for and paid during the current registration year by the owner for the vehicle that was sold. The credit may only be applied by the owner against the wheel tax owed for a vehicle that is purchased during the same registration year.

# (b)

An owner of a vehicle is not entitled to a refund of any part of a credit that is not used under this section.
As added by P.L.86-1983, SEC.1. Amended by P.L.256-2017, SEC.9.

Amendment history

As added by P.L.86-1983, SEC.1. Amended by P.L.256-2017, SEC.9.

Source: view the official text

Nearby sections (25 sections)

6-3.5-4-15.5 · Service charge
6-3.5-4-16 · Violations; offense
6-3.5-5-0.5 · Ordinance amendments; application; liability
6-3.5-5-1 · Definitions
6-3.5-5-1.1 · Local income tax council
6-3.5-5-2 · Imposition of tax; county wheel tax; rate; unpaid tax
6-3.5-5-3 · Vehicles subject to tax
6-3.5-5-4 · Exempt vehicles
6-3.5-5-5 · Registration of vehicles
6-3.5-5-6 · Rescission of wheel tax and vehicle excise tax
6-3.5-5-7 · Increase or decrease of tax; rates
6-3.5-5-8 · Adopted ordinance; letter approving transportation asset
6-3.5-5-8.5 · Credit upon sale of vehicle
6-3.5-5-9 · Collection of wheel tax; service charge
6-3.5-5-9.5 · Apportioned wheel tax for certain vehicles
6-3.5-5-10 · Repealed
6-3.5-5-11 · Collections; remittance; report
6-3.5-5-12 · Repealed
6-3.5-5-13 · Remittance and reporting of wheel tax by department
6-3.5-5-14 · Appropriation of money derived from wheel tax
6-3.5-5-15 · Wheel tax fund; allocation; distribution; use
6-3.5-5-16 · Estimate of revenues; distribution
6-3.5-5-17 · Repealed
6-3.5-5-18 · Violations; offense
6-3.5-10-0.5 · Ordinance amendments; application; liability

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