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Release of Interest in Indiana License Plate and Excise Tax Forms in

Release of Interest in Indiana License Plate and Excise Tax Forms in

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and we have more breaking news tonight you may soon be getting a refund from the Indiana Bureau of Motor Vehicles now the agency owes money to 180,000 customers who overpaid their excise taxes over the last decade Eyewitness News anchor Scott Swan has been talking with the bmv Commissioner today to find out how to know if you will be getting any of that money back Scott Andrea when you register your vehicle at the bmv the bmv then puts it into a tax classification based on its value then they run a calculation to compare its value to the cost of a new car but when the bmv put that data into a computer to figure out how much you'd pay an excise tax some people got overcharged that miscalculation extends all the way back to 2006 it affects about a hundred and eighty thousand people the bmv believes the total refund is about twenty nine million plus interest some of these victims own multiple cars others could be corporate fleet still others could be impacted by just one car for o

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