Indiana Statutes
§ 21-31-4-3 — Application of section; tax exemption
Indiana § 21-31-4-3
This text of Indiana § 21-31-4-3 (Application of section; tax exemption) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 21-31-4-3 (2026).
Text
(a)This section applies to the board of trustees
of the following state educational institutions:
(1)Ball State University.
(2)Indiana University.
(3)Indiana State University.
(4)Purdue University.
(5)University of Southern Indiana.
(b)This chapter does not deny any tax exemption that a lessee
would have under other laws if the lessee were the owner in fee simple
of the real estate.
(c)A state educational institution is exempt from all property taxes
on any real estate leased under this chapter. The lessee of real estate
leased under this chapter is liable for property taxes on the leased real
estate as if the real estate were owned by the lessee in fee simple,
unless the lessee is a student living in facilities owned by the state
educational institution.
[Pre-2007 Higher Education
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Legislative History
As added by P.L.2-2007, SEC.272.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 21-31-4-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-31-4-3.