6-2.5-5-49. Aviation fuel

IN Code § 6-2.5-5-49 (2019) (N/A)
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Sec. 49. (a) As used in this section, "aviation fuel" refers to:

(1) gasoline used to power an aircraft;

(2) jet fuel; or

(3) a synthetic fuel or fuel derived from any organic matter used as a substitute for a fuel described in subdivision (1) or (2).

(b) A transaction involving aviation fuel is exempt from the state gross retail tax.

As added by P.L.288-2013, SEC.31.