Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 5. This chapter does not apply to a truck or tractor with a declared gross weight of more than sixteen thousand (16,000) pounds that is used to lift or pull a vehicle or combination of vehicles if:
(1) the same person that owns or operates the truck or tractor also owns or leases the vehicle or combination of vehicles; or
(2) the vehicle or combination of vehicles are owned by or leased to a subsidiary or related corporation of the person that owns or operates the truck or tractor.
Revenues paid pursuant to this chapter may be used for county, city, district or other municipal purposes and may, but need not necessarily, be used for purposes of general interest and benefit to the state. It is the purpose of this section to carry out the mandate of subdivision (k) of Section 3 and Section 25 of Article XIII of the Constitution and permit recipients of revenues paid pursuant to this chapter to use such revenues for any purpose for which the recipient could use its property tax revenues.
Cite this article: FindLaw.com - Indiana Code Title 9. Motor Vehicles § 9-18.1-6-5 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-9-motor-vehicles/in-code-sect-9-18-1-6-5/
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