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323 chapters · 4,465 sections in this title.
Ind. Code § 6-6-6.5-10.4 Sale or transfer of taxable aircraft; notice to department; disclosures to transferee
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Sec. 10.4. (a) Not later than thirty-one (31) days after a sale or transfer of ownership of a taxable aircraft, the transferring owner shall notify the department of the sale or transfer. (b) If the transferring owner is a dealer, the transferring owner shall notify the departmen…
Ind. Code § 6-6-6.5-10.5 Sale or transfer of taxable aircraft; updating of dealer's inventory; transfer of excise tax liability
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Sec. 10.5. Based upon the sales information submitted to the department, the department shall update the dealer's inventory and transfer the excise tax liability to the name of the new owner. As added by P.L.65-1997, SEC.15.
Ind. Code § 6-6-6.5-10.6 Use of inventory aircraft for other purpose
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Sec. 10.6. (a) A dealer may not use inventory aircraft for any purpose other than for resale and demonstration flights unless the dealer charges the fair market rental or lease value and complies with all applicable statutes, rules, and procedures of the department. (b) Failure t…
Ind. Code § 6-6-6.5-10.7 Excise tax on inventory aircraft; assessment, reporting, remission of tax, penalties, and interest; aircraft held other than for inventory use
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Sec. 10.7. (a) The aircraft excise tax shall be assessed on each inventory aircraft held by a dealer on the last day of December. (b) Each year a dealer shall submit to the department: (1) an update of the list of known aircraft in inventory, which the department may at its discr…