Sec. 23. (a) Subject to the limitations contained in subsection (b) of this section, tangible property is exempt from property taxation if it is owned by a fraternal beneficiary association which is incorporated, organized, or licensed under the laws of this state. (b) This exemption does not apply to real property unless it is actually […]
Sec. 24. (a) Subject to the limitations contained in subsection (b) of this section, the following tangible property is exempt from property taxation if it is owned by a fraternity or sorority that is exempt from federal income taxation under Section 501(c)(2), Section 501(c)(3), or Section 501(c)(7) of the Internal Revenue Code: (1) a tract […]
Sec. 25. (a) Subject to the limitations contained in subsection (b) of this section, tangible property is exempt from property taxation if it is owned by any of the following organizations: (1) The Young Men’s Christian Association. (2) The Salvation Army, Inc. (3) The Knights of Columbus. (4) The Young Men’s Hebrew Association. (5) The […]
Sec. 26. (a) Subject to the limitations contained in subsection (b), the following tangible property is exempt from property taxation if it is owned by a county or district agricultural association of this state: (1) A tract of land not exceeding eighty (80) acres. (2) The improvements situated on the tract of land. (b) This […]
Sec. 26.5. (a) This section applies to an assessment date occurring after December 31, 2010. (b) The following tangible property is exempt from property taxation if the tangible property is owned by an agricultural organization that is exempt from federal income taxation under Section 501(c)(5) of the Internal Revenue Code: (1) A tract of land […]
Sec. 27. (a) Subject to the limitations contained in subsections (b) and (c) the following tangible property is exempt from property taxation if it is owned by a cemetery corporation, firm, or association which is organized under the laws of this state: (1) The real property, including mausoleums and other structures in which human remains […]
Sec. 28. A building and the land on which the building is located are exempt from property taxation if: (1) the building is used for the purpose of gratuitously dispensing medicines and medical advice and aid to people; and (2) the real property is owned by a corporation, institution, or association which exists exclusively for […]
[Pre-1975 Property Tax Recodification Citation: 6-1-24-3.] Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1981, P.L.63, SEC.2; P.L.41-1984, SEC.2; P.L.78-1989, SEC.1; P.L.77-1989, SEC.2; P.L.46-1996, SEC.1; P.L.260-1999, SEC.1; P.L.90-2002, SEC.100; P.L.192-2002(ss), SEC.30. Repealed by P.L.146-2008, SEC.800.
As added by P.L.58-1986, SEC.1. Amended by P.L.18-1992, SEC.20. Repealed by P.L.146-2008, SEC.800.
Formerly: Acts 1975, P.L.51, SEC.1. As amended by Acts 1981, P.L.63, SEC.3; P.L.41-1984, SEC.3; P.L.58-1986, SEC.2; P.L.46-1996, SEC.2; P.L.192-2002(ss), SEC.31. Repealed by P.L.146-2008, SEC.800.
Sec. 3. (a) A bridge, including the tangible property appurtenant to it, is exempt from property taxation if: (1) the bridge is constructed: (A) entirely within this state and across a navigable stream; or (B) across a stream forming a boundary of this state; (2) the bridge is owned by a state or a political […]
[Pre-1975 Property Tax Recodification Citation: 6-1-24-5.] Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1978, P.L.31, SEC.1; Acts 1981, P.L.63, SEC.4; P.L.41-1984, SEC.4; P.L.260-1999, SEC.2. Repealed by P.L.146-2008, SEC.800.
As added by Acts 1978, P.L.29, SEC.2. Repealed by P.L.146-2008, SEC.800.
[Pre-1975 Property Tax Recodification Citation: 6-1-24-4.] Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1978, P.L.29, SEC.3; P.L.24-1986, SEC.13; P.L.58-1986, SEC.3. Repealed by P.L.11-1987, SEC.11.
As added by P.L.11-1987, SEC.12. Amended by P.L.90-2002, SEC.101. Repealed by P.L.146-2008, SEC.800.
As added by P.L.84-1995, SEC.1. Repealed by P.L.146-2008, SEC.800.
As added by P.L.79-1989, SEC.1. Amended by P.L.2-1991, SEC.35. Repealed by P.L.146-2008, SEC.800.
As added by P.L.57-1993, SEC.8. Repealed by P.L.146-2008, SEC.800.
As added by P.L.57-1993, SEC.9. Amended by P.L.84-1995, SEC.2; P.L.47-1996, SEC.1; P.L.6-1997, SEC.36; P.L.90-2002, SEC.102. Repealed by P.L.146-2008, SEC.800.
Sec. 32. Tangible property is exempt from property taxation if it: (1) is under the control of an executor; (2) is to pass, under the terms of a will, to a municipal corporation or to a literary, scientific, benevolent, religious, or charitable institution; and (3) would be exempt from property taxation if it had already […]
