Indiana Statutes
§ 21-31-4-3 — Application of section; tax exemption
(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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Indiana § 21-31-4-3 (Application of section; tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed§ 21-12-1-13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"