IC 6-6-6-7 — Tax in lieu of property taxes
Chapter 6. Commercial Vessel Tonnage Tax
Section text
Sec. 7. The tonnage tax imposed on commercial vessels under this chapter is imposed in lieu of property taxes. Thus, commercial vessels which are taxed under this chapter may not be assessed or taxed under IC 6-1.1.
Formerly: Acts 1975, P.L.47, SEC.3. As amended by P.L.86-2018, SEC.79.
Source: official publisher (2026 edition)