Sec. 38.2. The value of an owned vehicle is exempt from the Indiana gross retail tax in a vehicle lease transaction if the owned vehicle is exchanged for a like kind vehicle. As added by P.L.253-1997(ss), SEC.38.
Vehicle lease transactions
Ind. Code § 6-2.5-5-38.2, under Chapter 5. Exempt Transactions of Retail Merchant.
Ind. Code § 6-2.5-5-38.2