Authority: IC 9-14-8-3

Affected: IC 6-6-5; IC 6-6-11

Sec. 2. (a) A vehicle's value used to determine its classification for excise tax purposes in IC 6-6-5 shall be based upon the FADP for each vehicle make and model, based on the information available in the vehicle identification number, at the time that it is first offered for sale in Indiana.

(b) A boat's value used to determine its classification for excise tax purposes of IC 6-6-11 shall be based upon the amount listed on:

1. (1) the certificate of origin;
2. (2) the Indiana department of state revenue form that reflects the purchase price;
3. (3) the boat's value as determined by the manufacturer; or
4. (4) any other information known to the bureau regarding the boat's value.

(Bureau of Motor Vehicles; Vehicle Excise Tax Rule II; filed Dec 22, 1971: Rules and Regs. 1972, p. 10; filed Sep 23, 1988, 8:30 a.m.: 12 IR 246; readopted filed Jul 30, 2001, 10:24 a.m.: 24 IR 4228; readopted filed Nov 14, 2007, 1:31 p.m.: 20071212-IR- 140070562RFA; filed Oct 7, 2008, 10:23 a.m.: 20081105-IR-140080215FRA; readopted filed Nov 3, 2014, 1:43 p.m.: 20141203-IR-140140375RFA; filed Oct 5, 2017, 9:34 a.m.: 20171101-IR-140160492FRA; readopted filed Jun 28, 2023, 2:55 p.m.: 20230726-IR-140230399RFA)