Definitions

Term	Definition
inheritance tax	Inheritance tax has been repealed. Quarterly reports for Inheritance Tax payments for decedents who died before January 1, 2013 still need to be prepared and filed. Whenever the court finds inheritance tax due on any case before it, Form 9-1950, Order Determining Value of Estate and Amount of Tax, is made out by the court and forwarded to the treasurer. This form lists the amount of tax to be collected by the treasurer. Any person paying inheritance tax to the treasurer should first obtain an Order. If such tax is paid within nine (9) months from date of death; a discount of five percent (5%) shall be allowed and deducted there from. If such tax is not paid within twelve (12) months from date of death, interest shall be charged and collected thereon at the rate of ten percent (10%) per annum, from the date of death to date of payment. [IC 6-4.1-9-1; 6-4.1-9-2] (Quarterly reporting requirement would be removed if SB 308 passes the 2016 Session)
innkeeper's tax	The county fiscal body may adopt an ordinance to require innkeeper's tax be reported on forms approved by the county treasurer and that the tax be paid monthly to the county treasurer. If such an ordinance is adopted, the tax shall be paid to the county treasurer not more than twenty (20) days after the end of the month the tax is collected. If such an ordinance is not adopted, the tax shall be imposed, paid, and collected in exactly the same manner as the state gross retail tax is imposed, paid, and collected. All the provisions of the state gross retail tax [IC 6-2.5] relating to the rights, duties, liabilities, definitions and administration shall be applicable to the imposition and administration of the tax except to the extent such provisions are in conflict or inconsistent with the requirements of the county treasurer. [IC 6-9] 6-12 If your county fiscal body adopts such an ordinance, we recommend you contact the State Department of Revenue for guidance on the type of form to use in collecting such tax. The county treasurer must approve form. The collection allowance for innkeeper’s tax is .83%. OTHER TAXES - VEHICLE LICENSE EXCISE TAX; AIRCRAFT LICENSE EXCISE TAX; COUNTY MOTOR VEHICLE EXCISE SURTAX AND COUNTY WHEEL TAX; AUTO RENTAL EXCISE TAX; FINANCIAL INSTITUTIONS TAX; BOAT EXCISE TAX Reports are pulled off the BMV ftp site on the internet showing fund breakdown.

Term

Definition

Inheritance tax has been repealed. Quarterly reports for Inheritance Tax payments for decedents who died before January 1, 2013 still need to be prepared and filed. Whenever the court finds inheritance tax due on any case before it, Form 9-1950, Order Determining Value of Estate and Amount of Tax, is made out by the court and forwarded to the treasurer. This form lists the amount of tax to be collected by the treasurer. Any person paying inheritance tax to the treasurer should first obtain an Order. If such tax is paid within nine (9) months from date of death; a discount of five percent (5%) shall be allowed and deducted there from. If such tax is not paid within twelve (12) months from date of death, interest shall be charged and collected thereon at the rate of ten percent (10%) per annum, from the date of death to date of payment. [IC 6-4.1-9-1; 6-4.1-9-2]

(Quarterly reporting requirement would be removed if SB 308 passes the 2016 Session)

innkeeper's tax

The county fiscal body may adopt an ordinance to require innkeeper's tax be reported on forms approved by the county treasurer and that the tax be paid monthly to the county treasurer. If such an ordinance is adopted, the tax shall be paid to the county treasurer not more than twenty (20) days after the end of the month the tax is collected. If such an ordinance is not adopted, the tax shall be imposed, paid, and collected in exactly the same manner as the state gross retail tax is imposed, paid, and collected. All the provisions of the state gross retail tax [IC 6-2.5] relating to the rights, duties, liabilities, definitions and administration shall be applicable to the imposition and administration of the tax except to the extent such provisions are in conflict or inconsistent with the requirements of the county treasurer. [IC 6-9] 6-12 If your county fiscal body adopts such an ordinance, we recommend you contact the State Department of Revenue for guidance on the type of form to use in collecting such tax. The county treasurer must approve form.

The collection allowance for innkeeper’s tax is .83%.

OTHER TAXES - VEHICLE LICENSE EXCISE TAX; AIRCRAFT LICENSE EXCISE TAX; COUNTY MOTOR VEHICLE EXCISE SURTAX AND COUNTY WHEEL TAX; AUTO RENTAL EXCISE TAX; FINANCIAL INSTITUTIONS TAX; BOAT EXCISE TAX

Reports are pulled off the BMV ftp site on the internet showing fund breakdown.