HB 1195 Summary

• Exempts purchases of recreational vehicles and cargo trailers from Indiana state gross retail tax if the purchaser is a nonresident and transports the vehicle out of state within 30 days for registration and use elsewhere.

• Removes the requirement that the destination state or country must provide a reciprocal sales tax exemption for Indiana residents to qualify for the Indiana exemption.

• Requires purchasers to submit an affidavit to the retailer stating intent to transport the vehicle out of state within 30 days and register it outside Indiana, under penalties of perjury.

• Defines "cargo trailer" as a non-powered vehicle designed for carrying property with a gross vehicle weight rating of at least 2,200 pounds.

• Effective for retail transactions occurring after June 30, 2010.