Terms Used In Indiana Code > Title 6 > Article 6 > Chapter 6.5 - Aircraft License Excise Tax

• Aircraft: means a device which is designed to provide air transportation for one (1) or more individuals or for cargo. See Indiana Code 6-6-6.5-1
• Base: means the location or place where the aircraft is normally hangared, tied down, housed, parked, or kept, when not in use. See Indiana Code 6-6-6.5-1
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Dealer: means a person who has an established place of business in this state, is required to obtain a certificate under Indiana Code 6-6-6.5-1
• Department: refers to the department of state revenue. See Indiana Code 6-6-6.5-1
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fiduciary: A trustee, executor, or administrator.
• Homebuilt aircraft: means an aircraft constructed primarily by an individual for personal use. See Indiana Code 6-6-6.5-1
• Inventory aircraft: means an aircraft held for resale by a registered Indiana dealer. See Indiana Code 6-6-6.5-1
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Maximum landing weight: means the maximum weight of the aircraft, accessories, fuel, pilot, passengers, and cargo that is permitted on landing under the best conditions, as determined for an aircraft by the appropriate federal agency or the certified allowable gross weight published by the manufacturer of the aircraft. See Indiana Code 6-6-6.5-1
• Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• Owner: means a person who holds or is required to obtain a certificate of registration from the Federal Aviation Administration for a specific aircraft. See Indiana Code 6-6-6.5-1
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: includes an individual, a partnership, a firm, a corporation, a limited liability company, an association, a trust, or an estate, or a legal representative of such. See Indiana Code 6-6-6.5-1
• Personal property: All property that is not real property.
• Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• Regular annual registration date: means the last day of December of each year. See Indiana Code 6-6-6.5-1
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Repair station: means a person who holds a repair station certificate that was issued to the person by the Federal Aviation Administration under Indiana Code 6-6-6.5-1
• Resident: means an individual or a fiduciary who resides or is domiciled within Indiana or any corporation or business association which maintains a fixed and established place of business within Indiana for a period of more than sixty (60) days in any one (1) year. See Indiana Code 6-6-6.5-1
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• State: means the state of Indiana. See Indiana Code 6-6-6.5-1
• Taxable aircraft: means an aircraft required to be registered with the department by this chapter. See Indiana Code 6-6-6.5-1
• Taxing district: means a geographic area within which property is taxed by the same taxing units and at the same total rate. See Indiana Code 6-6-6.5-1
• Taxing unit: means an entity which has the power to impose ad valorem property taxes. See Indiana Code 6-6-6.5-1
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5