{"data":{"id":"us-in/ic-6-2.5-5-37","jurisdiction":"us-in","citation":"IC 6-2.5-5-37","heading":"Professional motor racing vehicle parts exemption; two-seater Indy car exemption; tires and accessories excluded","body":"Sec. 37. (a) Transactions involving tangible personal property are exempt from the state gross retail tax, if the tangible personal property:\n(1) is leased, owned, or operated by a professional racing team; and\n(2) comprises any part of a professional motor racing vehicle, excluding tires and accessories.\n(b) Transactions involving tangible personal property are exempt from the state gross retail tax, if the tangible personal property:\n(1) is leased, owned, or operated by a company that is engaged in offering a competitive racing experience during a competitive racing event; and\n(2) comprises any part of a two-seater Indianapolis 500 style race car, excluding tires and accessories.","path":["TITLE 6. TAXATION","ARTICLE 2.5. STATE GROSS RETAIL AND USE TAXES","Chapter 5. Exempt Transactions of Retail Merchant"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-2.5-5-37","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"6a7f23760c950a5f78a6ddf3e70ead1eb1dc2cdd09341b14d7120520b996d0a5","source_id":"us-in","stale":false,"prev":"us-in/ic-6-2.5-5-36","next":"us-in/ic-6-2.5-5-38"},"notice":"GroundRules: Original legal text. Not legal advice."}