Motor vehicles; intrafamilial title transfers

Sec. 15.5. A transaction involving a motor vehicle is exempt from the state gross retail tax, if: (1) the transaction consists of changing the motor vehicle title to add or delete an individual; and (2) the individual being added or deleted is the spouse, child, grandparent, parent, or sibling of an owner. As added by P.L.73-1993, SEC.1.