Vehicle lease transactions

Ind. Code § 6-2.5-5-38.2
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 38.2. The value of an owned vehicle is exempt from the Indiana gross retail tax in a vehicle lease transaction if the owned vehicle is exchanged for a like kind vehicle. As added by P.L.253-1997(ss), SEC.38.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements