IN SB0025 | 2015 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Engrossed on February 2 2015 - 50% progression, died in committee
Action: 2015-03-02 - First Reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Amended) [PDF]

Summary

Aircraft license excise tax. Eliminates the provision in current law that automatically reclassifies an aircraft in an aircraft dealer's inventory from the status of "aircraft inventory" to the status of "property of a nondealer" after the aircraft dealer has held the aircraft in inventory for 18 months. Provides that a dealer who has had an aircraft reclassified out of the dealer's aircraft inventory because of the provision may: (1) elect to return the aircraft to the dealer's aircraft inventory; and (2) obtain a refund of the registration fees and sales or use taxes that were required to be paid when

Tracking Information

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Title

Aircraft license excise tax. Eliminates the provision in current law that automatically reclassifies an aircraft in an aircraft dealer's inventory from the status of "aircraft inventory" to the status of "property of a nondealer" after the aircraft dealer has held the aircraft in inventory for 18 months. Provides that a dealer who has had an aircraft reclassified out of the dealer's aircraft inventory because of the provision may: (1) elect to return the aircraft to the dealer's aircraft inventory; and (2) obtain a refund of the registration fees and sales or use taxes that were required to be paid when

Sponsors


Roll Calls

2015-01-27 - Senate - Senate - Third reading (Y: 50 N: 0 NV: 0 Abs: 0) [PASS]
2015-01-20 - Senate - Senate Committee on Tax & Fiscal Policy - Committee Vote (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2015-03-02HouseFirst Reading: referred to Committee on Ways and Means
2015-02-02SenateReferred to the House
2015-01-27SenateDeVon added as cosponsor
2015-01-27SenateRepresentative Speedy added as sponsor
2015-01-27SenateThird reading: passed; Roll Call 37: yeas 50, nays 0
2015-01-22SenateSenator Broden added as coauthor
2015-01-22SenateSenator Mishler added as second author
2015-01-22SenateSecond reading: ordered engrossed
2015-01-20SenateCommittee report: amend do pass, adopted
2015-01-07SenateCommittee report: amend do pass, adopted, reassigned to committee on Tax & Fiscal Policy
2015-01-06SenateFirst Reading: referred to Committee on Rules & Legislative Procedure
2015-01-06SenateAuthored by Senator Zakas

Indiana State Sources


Bill Comments

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