Business Tax Incentives
Extension of Indiana’s Sales Tax Exemption for Professional Race Cars
The exemption previously only applied to engines, chassis, and their replacement parts. The new legislative changes expand the exemption to include much more than just engines and chassis and are intended to cover the many new technologies and electronics used within professional racing. It is expected that an average NHRA, NASCAR and IRL team could save nearly $40,000 on their electronics expenditures alone.