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2022 Indiana Code
Title 6. Taxation
Article 6. Motor Fuel and Vehicle Excise Taxes
Chapter 5.5. Commercial Vehicle Excise Tax
6-6-5.5-14. Commercial Vehicle Excise Tax Reserve Fund; Establishment

Universal Citation:
IN Code § 6-6-5.5-14 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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Sec. 14. (a) The commercial vehicle excise tax reserve fund is established for the purpose of receiving commercial vehicle excise taxes first due and payable in calendar year 2000. The fund shall be administered by the department.

(b) The expenses of administering the fund shall be paid from money in the fund.

(c) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public money may be invested. Interest that accrues from these investments shall be deposited in the fund.

(d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.

(e) Any money remaining in the fund on March 1, 2006, shall revert to the motor carrier regulation fund established under IC 8-2.1-23-1.

As added by P.L.181-1999, SEC.2.

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