Indiana Senate Bill 249 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2016 - 25% progression, died in committee
Action: 2016-01-07 - First reading: referred to Committee on Tax & Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Heavy equipment excise and rental tax. Provides that the owner of a motorized heavy equipment vehicle shall pay a motorized heavy equipment vehicle excise tax (excise tax), instead of the property tax, on the vehicle. Provides that the owner of a motorized heavy equipment vehicle is required to register the vehicle each year with the department of state revenue. Imposes a rental excise tax on the rental of taxable motorized heavy equipment vehicles. Provides a credit against the excise tax equal to the rental excise taxes collected on rentals of taxable motorized heavy equipment vehicles.

Heavy equipment excise and rental tax. Provides that the owner of a motorized heavy equipment vehicle shall pay a motorized heavy equipment vehicle excise tax (excise tax), instead of the property tax, on the vehicle. Provides that the owner of a motorized heavy equipment vehicle is required to register the vehicle each year with the department of state revenue. Imposes a rental excise tax on the rental of taxable motorized heavy equipment vehicles. Provides a credit against the excise tax equal to the rental excise taxes collected on rentals of taxable motorized heavy equipment vehicles.

Sen. James Buck [R]

Date	Chamber	Action
2016-01-07	Senate	First reading: referred to Committee on Tax & Fiscal Policy
2016-01-07	Senate	Authored by Senator Buck

Type	Source
Summary	https://iga.in.gov/legislative/2016/bills/senate/249/details
Text	http://iga.in.gov/static-documents/4/1/1/f/411ff743/SB0249.01.INTR.pdf