Indiana § 14-13-2-28 Tax exemptions

Indiana Statutes

§ 14-13-2-28 — Tax exemptions

Indiana·Art. 13 LOCAL RESOURCE DEVELOPMENT·Ch. 2 Little Calumet River Basin Development Commission

(a)The commission is not required to pay any taxes or assessments upon any of the following:

(1)A project of the commission.

(2)A facility, a betterment, or an improvement within a project.

(3)Property acquired or used by the commission under this chapter or under IC 14-6-29.5 (before its repeal).

(4)The income or revenue from the property.

(b)The:

(1)bonds issued under this chapter or under IC 14-6-29.5 (before its repeal);

(2)interest on the bonds;

(3)proceeds received by a holder from the sale of the bonds to the extent of the holder's cost of acquisition;

(4)proceeds received upon redemption before maturity or proceeds received at maturity; and

(5)receipt of interest and proceeds; are exempt from taxation in Indiana for all purposes except the financial institutions tax impo

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(a) The commission is not required to pay
any taxes or assessments upon any of the following:
(1) A project of the commission.
(2) A facility, a betterment, or an improvement within a project.
(3) Property acquired or used by the commission under this
chapter or under IC 14-6-29.5 (before its repeal).
(4) The income or revenue from the property.
(b) The:
(1) bonds issued under this chapter or under IC 14-6-29.5 (before
its repeal);
(2) interest on the bonds;
(3) proceeds received by a holder from the sale of the bonds to the
extent of the holder's cost of acquisition;
(4) proceeds received upon redemption before maturity or
proceeds received at maturity; and
(5) receipt of interest and proceeds;
are exempt from taxation in Indiana for all purposes except the
financial institutions tax imposed under IC 6-5.5.
[Pre-1995 Recodification Citation: 14-6-29.5-10
part.]