The fee to renew a watercraft registration is specified in subsection (c).(b) The fee to register a watercraft in its first year of registration is the amount determined by STEP THREE of the following formula:STEP ONE: Determine the appropriate fee based upon the length of the watercraft as follows: Watercraft Length (in feet) At Least But Less Fee ($) Than 0 13 15 13 26 18 26 40 21 40 24 STEP TWO: Determine the appropriate fee based upon the value of the watercraft as follows: Value ($) Value ($) Fee ($) Greater Than or Equal to Less Than 0 1,000 5 1,000 3,000 10 3,000 5,000 15 5,000 10,000 20 10,000 25 STEP THREE: Determine the sum of the STEP ONE amount plus the STEP TWO amount.(c) The fee to renew a watercraft registration is based upon the value of the watercraft as follows: Class Boat Value When New Fee Due At Least But Less Than 1 $0.01 $500 $15 2 500 1,000 15 3 1,000 1,500 20 4 1,500 2,000 20 5 2,000 3,000 20 6 3,000 5,000 25 7 5,000 7,500 30 8 7,500 10,000 30 9 10,000 15,000 35 10 15,000 22,500 40 11 At Least But Less Than 1 $0.01 $500 $15 2 500 1,000 15 3 1,000 1,500 20 4 1,500 2,000 20 5 2,000 3,000 20 6 3,000 5,000 25 7 5,000 7,500 30 8 7,500 10,000 30 9 10,000 15,000 35 10 15,000 22,500 40 11 22,500 35,000 45 12 35,000 50,000 50 13 50,000 75,000 55 14 75,000 or more 60 (d) For purposes of this section, the bureau shall determine the value of a watercraft in the same manner as set forth in IC 6-6-11-10(b).(e) The fees collected under subsection (b) shall be distributed as follows:(1) Fees collected from STEP ONE of subsection (b) shall be deposited in the fish and wildlife fund established by IC 14-22-3-2 and shall be used exclusively for the following:(A) The enforcement of laws pertaining to watercraft.(B) The state's share of the cost of retirement benefits for conservation officers of the department of natural resources.(C) Improving the navigable waters of Indiana.(2) Sixty-six and seven-tenths percent (66.7%) of the fees collected from STEP TWO of subsection (b) shall be deposited in the lake and river enhancement fund established by IC 14-22-3.5-1.(3) Thirty-three and three-tenths percent (33.3%) of the fees collected from STEP TWO of subsection (b) shall be hall be deposited in the lake and river enhancement fund established by IC 14-22-3.5-1.(3) Thirty-three and three-tenths percent (33.3%) of the fees collected from STEP TWO of subsection (b) shall be deposited in the conservation officers marine enforcement fund established by IC 14-9-8-21.5.(f) A fee collected under subsection (c) shall be distributed as follows:(1) Five dollars ($5) shall be deposited in the fish and wildlife fund established by IC 14-22-3-2 and shall be used exclusively for the following:(A) The enforcement of laws pertaining to watercraft.(B) The state's share of the cost of retirement benefits for conservation officers of the department of natural resources.(C) Improving the navigable waters of Indiana.(2) The remaining amount shall be distributed as follows:(A) Seventy-five percent (75%) to the lake and river enhancement fund established by IC 14-22-3.5-1.(B) Twenty-five percent (25%) to the conservation officers marine enforcement fund established by IC 14-9-8-21.5.(g) The owner of a watercraft that is registered under this section is required to:(1) renew the registration under subsection (c); and(2) pay any applicable fees and excise tax under IC 14-9-8-21.5.(g) The owner of a watercraft that is registered under this section is required to:(1) renew the registration under subsection (c); and(2) pay any applicable fees and excise tax under IC 6-6-11-13 on the watercraft;each year.As added by P.L.164-2020, SEC.38. Amended by P.L.74-2023, SEC.1.
Indiana Legal Code