Indiana Code
Chapter 11. Boat Excise Tax
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.

Structure Indiana Code