Professional motor racing vehicle parts exemption; two-seater Indy car exemption; tires and accessories excluded

Ind. Code § 6-2.5-5-37
in effect
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Sec. 37. (a) Transactions involving tangible personal property are exempt from the state gross retail tax, if the tangible personal property: (1) is leased, owned, or operated by a professional racing team; and (2) comprises any part of a professional motor racing vehicle, excluding tires and accessories. (b) Transactions involving tangible personal property are exempt from the state gross retail tax, if the tangible personal property: (1) is leased, owned, or operated by a company that is engaged in offering a competitive racing experience during a competitive racing event; and (2) comprises any part of a two-seater Indianapolis 500 style race car, excluding tires and accessories. As added by P.L.19-1994, SEC.6. Amended by P.L.193-2005, SEC.9; P.L.153-2012, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

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Ind. Code § 6-2.5-5-37 — Professional motor racing vehicle parts exemption; two-seater Indy car exemption; tires and accessories excluded | Indiana Code (Aug. 2026 snapshot) | Corpus