House Passes Bill Providing Logistic Tax Exemptions
(STATEHOUSE) Feb. 25, 2009 - The Indiana House of Representatives passed House Bill 1598, which would offer wheel tax and commercial vehicle excise tax to new, developing or expanding logistic companies.
House Bill 1598, co-authored by Rep. Randy Borror (R-Fort Wayne), is an incentive for logistic industry development. It will authorize a county to temporarily exempt new or developing logistic businesses from wheel and commercial vehicle excise tax.
"With these tax exemptions and major moves projects, House Bill 1598 would encourage trucking industry growth," said Rep. Borror.
Vehicles registered in Indiana after Dec. 31, 2009, and owned by a logistic company qualify for these exemptions and can be exempt from those taxes for the first five years of the vehicle's registration.
A county can adopt the wheel and excise tax exemption if the county has or is within three miles of an interstate (not including Interstate 465), airport, port, freight railroad depot, railroad yard, classification yard, intermodal port or a commuter rail station.
House Bill 1598 will next be considered by the state Senate.