Indiana Code Title 6. Taxation § 6-1.1-51-1

(A) have a seating capacity of not more than ninety (90) passengers;

(B) are used in the air transportation of passengers or passengers and property;  and

(C) are owned or operated by a person that is:

(A) are used to transport only property, regardless of whether the aircraft is operated as a common carrier for compensation;  and

(B) are owned or operated by a person that is: