Citations Affected: IC 6-2.5-3-5.
Synopsis: Sales tax credit on vehicles bought out of state. Provides
that the credit for sales taxes paid for purchases in another state applies
Effective: January 1, 2001.
January 10, 2000, read first time and referred to Committee on Finance.
A BILL FOR AN ACT to amend the Indiana Code concerning
IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JANUARY 1, 2001]: Sec. 5. (a) A person is
entitled to a credit against the use tax imposed on the use, storage, or
consumption of a particular item of tangible personal property equal to
the amount, if any, of sales tax, purchase tax, or use tax paid to another
state, territory, or possession of the United States for the acquisition of
(b) The credit provided under subsection (a) does not apply to the use tax imposed on the use, storage, or consumption of
watercraft or aircraft that are required to be titled, registered, or
licensed by Indiana.