Indiana Statutes
§ 36-1-10-18 — Tax exemption of leased structures, systems, and transportation projects; taxation of rental paid lessor
Indiana·Title 36 LOCAL GOVERNMENT·Art. 1 GENERAL PROVISIONS·Ch. 10 Leasing and Lease-Purchasing Structures
Structures, transportation projects, and
systems leased by a lessor contracting with the political subdivision or
agency under this chapter are exempt from all state, county, and other
taxes. However, the rental paid to a lessor under the terms of a lease is
subject to taxation.
[Pre-Local Government Recodification Citation:
18-5-3.3-10.]
As added by Acts 1981, P.L.57, SEC.36. Amended by
P.L.37-1988, SEC.19; P.L.343-1989(ss), SEC.21.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 36-1-10-18 (Tax exemption of leased structures, systems, and transportation projects; taxation of rental paid lessor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed