Indiana Code
Chapter 6.5. Aircraft License Excise Tax
6-6-6.5-13. Classification of Aircraft; Tax Rate; Credits

Sec. 13. (a) As the basis for measuring the tax imposed by this chapter, the department shall classify every taxable aircraft in its proper class according to the following classification plan:

CLASS
DESCRIPTION

A
Piston-driven

B
Piston-driven,

and Pressurized

C
Turbine driven

or other Powered

D
Homebuilt, Gliders, or

Hot Air Balloons
(b) The tax imposed under this chapter is based on the age, class, and maximum landing weight of the taxable aircraft. The amount of tax imposed on the taxable aircraft is based on the following table:

Age
Class A
Class B
Class C
Class D

0-4
$.04/lb
$.065/lb
$.09/lb
$.0175/lb

5-8
$.035/lb
$.055/lb
$.08/lb
$.015/lb

9-12
$.03/lb
$.05/lb
$.07/lb
$.0125/lb

13-16
$.025/lb
$.025/lb
$.025/lb
$.01/lb

17-25
$.02/lb
$.02/lb
$.02/lb
$.0075/lb

over 25
$.01/lb
$.01/lb
$.01/lb
$.005/lb
(c) An aircraft owner, who sells an aircraft on which the owner has paid the tax imposed under this chapter, is entitled to a credit for the tax paid. The credit equals excise tax paid on the aircraft that was sold, times the lesser of:
(1) ninety percent (90%); or
(2) ten percent (10%) times the number of months remaining in the registration year after the sale of the aircraft.
The credit may only be used to reduce the tax imposed under this chapter on another aircraft purchased by that owner during the registration year in which the credit accrues. A person may not receive a refund for a credit under this subsection.
(d) A person who is entitled to a property tax deduction under IC 6-1.1-12-13 or IC 6-1.1-12-14 is entitled to a credit against the tax imposed on the person's aircraft under this chapter. The credit equals the amount of the property tax deduction to which the person is entitled under IC 6-1.1-12-13 and IC 6-1.1-12-14, minus the amount of that deduction used to offset the person's property taxes or vehicle excise taxes, times seven hundredths (.07). The credit may not exceed the amount of the tax due under this chapter. The county auditor shall, upon the person's request, furnish a certified statement showing the credit allowable under this subsection. The department may not allow a credit under this subsection until the auditor's statement has been filed in the department's office.
Formerly: Acts 1975, P.L.68, SEC.1. As amended by Acts 1977, P.L.87, SEC.7; Acts 1980, P.L.74, SEC.27; P.L.93-1983, SEC.8; P.L.1-2009, SEC.55.