Section 140IAC2-1-3. Valuation of unlisted vehicles

   Whenever the FADP of a vehicle does not appear in the publication compiling the manufacturer's price information, which the bureau uses, because the vehicle is specially constructed, then the vehicle shall be classified according to the FADP for the make and year of the chassis, subject to review by the board of state tax commissioners. If the chassis' make or year is unknown or cannot be determined, the customer shall provide the bureau with receipts to determine the cost to build such vehicle. Then, the bureau shall classify the vehicle in the appropriate class based on the bureau's determination of the vehicle's value. (Bureau of Motor Vehicles; Vehicle Excise Tax Rule III; 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)