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Indiana Code — Title 6 (Taxation)

IC 6-6-5-14

Limitations on indebtedness of political or municipal

Official textiga.in.govlast amended

corporations; effect
Sec. 14.

# (a)

The excise tax imposed by this chapter is equal to an average property tax rate of two dollars ($2) on each one hundred dollars ($100) taxable value.

# (b)

For the purpose of limitations on indebtedness of political or municipal corporations imposed by Article 13, Section 1 of the Constitution of the State of Indiana, vehicles subject to tax under this chapter shall be deemed to be taxable property within each such political or municipal corporation where the owner resides.

# (c)

The assessed valuation of such vehicles shall be determined by multiplying the amount of the tax by one hundred (100) and dividing such result by two dollars ($2).
Formerly: Acts 1969, c.423, s.14. As amended by P.L.2-1988, SEC.17; P.L.98-1989, SEC.7;
P.L.33-1990, SEC.15; P.L.6-1997, SEC.128; P.L.256-2017, SEC.40.

Amendment history

Formerly: Acts 1969, c.423, s.14. As amended by P.L.2-1988, SEC.17; P.L.98-1989, SEC.7; P.L.33-1990, SEC.15; P.L.6-1997, SEC.128; P.L.256-2017, SEC.40.

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Nearby sections (25 sections)
  1. 6-6-5-7.5 · Repealed
  2. 6-6-5-7.7 · Tax credit or refund claims; inspection of records;…
  3. 6-6-5-7.9 · Repealed
  4. 6-6-5-8 · Repealed
  5. 6-6-5-9 · Administration and collection of taxes; service charge;…
  6. 6-6-5-9.5 · Excise tax replacement disbursement; calculation and
  7. 6-6-5-10 · Collection procedures; duties of county officials;…
  8. 6-6-5-10.4 · Verification of taxes collected for each taxing unit
  9. 6-6-5-10.5 · Municipal corporations; estimates of amounts to be…
  10. 6-6-5-11 · Registration of vehicle without payment of tax; offenses
  11. 6-6-5-12 · Repealed
  12. 6-6-5-13 · Agents for collection of tax
  13. 6-6-5-14 · Limitations on indebtedness of political or municipal
  14. 6-6-5-15 · Consolidation of taxes for taxpayers owning more than one
  15. 6-6-5-16 · Appropriation for administration
  16. 6-6-5.1-1 · Application of chapter
  17. 6-6-5.1-2 · Definitions
  18. 6-6-5.1-3 · Repealed
  19. 6-6-5.1-4 · Repealed
  20. 6-6-5.1-5 · Repealed
  21. 6-6-5.1-6 · Repealed
  22. 6-6-5.1-7 · Repealed
  23. 6-6-5.1-8 · Repealed
  24. 6-6-5.1-9 · Repealed
  25. 6-6-5.1-10 · Excise tax; imposition; property tax assessment disallowed;
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