Indiana Statutes
§ 36-10-16-35 — Tax exempt; exception
Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 16 Midwest Continental Divide Commission
(a)All:
(1)property owned by the commission or lease interest of the
commission; and
(2)revenue of the commission;
are exempt from taxation in Indiana for all purposes except the
financial institutions tax imposed under IC 6-5.5.
(b)A contractor may issue an exemption certificate under IC 6-2.5-8-8 to a vendor when purchasing tangible personal property to be
incorporated into real property on land owned or leased by the
commission located in the district.
(c)All securities issued under this chapter are exempt from the
registration requirements of IC 23-19 and other securities registration
statutes.
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Legislative History
As added by P.L.141-2025, SEC.1.
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Repealed