IC 6-6-11-10 : Amount of tax; computation

Sec. 10. (a) The amount of boat excise tax that a boat owner shall pay for a registration year is based on the boat's class and age.

(b) Boats are classified for excise tax purposes according to the value of the boat when the boat was new. The amount of excise tax is prescribed in the following table:

BOAT VALUE
	CLASS		WHEN NEW				TAX DUE
			AT LEAST but		LESS THAN
	1	$		0.01	$	500	$	2
	2			500		1,000		6
	3			1,000		1,500		20
	4			1,500		2,000		30
	5			2,000		3,000		42
	6			3,000		5,000		55
	7			5,000		7,500		70
	8			7,500		10,000		88
	9			10,000		15,000		110
	10			15,000		22,500		150
	11			22,500		35,000		200
	12			35,000		50,000		275
	13			50,000		75,000		375
	14			75,000 or more				500

The bureau of motor vehicles may adopt rules under IC 4-22-2 for determining the value of new boats. A tax paid under subsection (c) may be used as a credit against the taxes owed for the same registration year under this subsection.

(c) Notwithstanding subsection (b), the amount of excise tax imposed and owed by a boat owner is twelve dollars ($12) for a boat that is stored in Indiana for sixty (60) consecutive days or more but not operated, used, or docked in Indiana waters, except to facilitate storage of the boat.

As added by P.L.98-1989, SEC.1. Amended by P.L.33-1990, SEC.17; P.L.71-1991, SEC.1; P.L.81-1993, SEC.2; P.L.64-1996, SEC.1; P.L.164-2020, SEC.8.