US Lawyer Database

6-1.1-10-49. Property Tax Exemption; Transportation Facility

Sec. 49. (a) This section applies to assessment dates occurring after December 31, 2022. (b) Tangible property (including without limitation, land, personal property, real property, and improvements to land) is exempt from property taxation if the property is used as a part of or incorporated into a transportation facility (as defined IC 5-23-2-17) under a […]

6-1.1-10-36.5. Property of Exempt Organization Used in Nonexempt Trade or Business

Sec. 36.5. (a) Tangible property is not exempt from property taxation under sections 16 through 28 of this chapter or under section 33 of this chapter if it is used by the exempt organization in a trade or business, not substantially related to the exercise or performance of the organization’s exempt purpose. (b) Property referred […]

6-1.1-10-37. Leases of Exempt Property; Effect

Sec. 37. (a) This section does not apply to the lease of a dwelling unit within a public housing project by the tenant of that dwelling unit. (b) If real property that is exempt from taxation is leased to another whose property is not exempt and the leasing of the real property does not make […]

6-1.1-10-37.8. Homeowners Associations; Held for Use, Benefit, or Enjoyment of Members

Sec. 37.8. For assessment dates after December 31, 2015, tangible personal property is exempt from property taxation if that tangible personal property: (1) is owned by a homeowners association (as defined in IC 32-25.5-2-4); and (2) is held by the homeowners association for the use, benefit, or enjoyment of members of the homeowners association. As […]

6-1.1-10-38. Property Tax Exemption Provisions; Enumeration

     Revisor’s Note: The online version of this section appeared incorrectly from July 1, 2015 until October 6, 2015. Use the following version of this section. Sec. 38. This chapter does not contain all of the property tax exemption provisions. The property taxation exemption provisions include, but are not limited to, the following sections: IC 4-20.5-14-3 […]

6-1.1-10-39. Intangible Personal Property Exemptions

Sec. 39. Intangible personal property, including the following, is exempt from taxation under this article: (1) A promissory note. (2) A share of stock in a foreign corporation. (3) A bond. (4) A debenture. (5) A postal savings certificate. (6) Equity in a brokerage or trading account. (7) A deposit of money. (8) A loan […]