Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 140. BUREAU OF MOTOR VEHICLES |
Article 140IAC2. EXCISE TAX AND REGISTRATION |
Rule 140IAC2-1. Administration of Motor Vehicle Excise Tax |
Section 140IAC2-1-2. Valuation of vehicles
Latest version.
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A vehicle's value used to determine its classification for excise tax purposes shall be based upon the FADP for each vehicle make and model, disregarding special equipment, at the time that it is first offered for sale in Indiana. (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)