A boat is exempt from the boat excise tax imposed for a year if the boat is:

1. (1) owned by the United States;
2. (2) owned by the state or one (1) of its political subdivisions (as defined in IC 36-1-2-13 );
3. (3) owned by an organization exempt from federal income taxation under 501(c)(3) of the Internal Revenue Code;
4. (4) a human powered vessel, as determined by the department of natural resources;
5. (5) held by a boat manufacturer, distributor, or dealer for sale in the ordinary course of business;
6. (6) used by a person for the production of income and subject to assessment under IC 6-1.1 ;
7. (7) stored in Indiana for less than twenty-two (22) consecutive days and not operated, used, or docked in Indiana;
8. (8) except as provided in subdivision (9), registered outside Indiana and operated, used, or docked in Indiana for a combined total of less than twenty-two (22) consecutive days during the boating year;
9. (9) a motorboat (as defined by IC 9-13-2-103.5 ) and is registered outside Indiana and docked on the Indiana part of Lake Michigan for a combined total of not more than one hundred eighty (180) consecutive days; or
10. (10) subject to the commercial vessel tonnage tax under IC 6-6-6 .

As added by P.L.98-1989, SEC.1. Amended by P.L.81-1993, SEC.1; P.L.146-2008, SEC.356; P.L.219-2014, SEC.3.