The taxpayer shall affix the boat excise tax decals:

1. (1) to the bow of each side of the boat, within three (3) inches to the right of the boat's registration number; or

2. (2) on each side of the forward half of the bow above the water line of the boat if a registration number is not required to be displayed.

   However, the department of natural resources may adopt rules under IC 4-22-2 providing that decals do not have to be affixed to certain types of boats.

As added by P.L.98-1989, SEC.1.