Indiana Statutes
§ 36-7-23-48 — Authority property as public property; tax exemption
Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 23 Multiple County Infrastructure Authority
All property, both tangible and intangible,
acquired or held by the authority under this chapter is public property
used for public and governmental purposes. All the property, along
with the income from the property, is exempt from all taxes imposed by
the state or a political subdivision, except for the financial institutions
tax imposed under IC 6-5.5.
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Legislative History
As added by P.L.346-1989(ss), SEC.7. Amended by
P.L.21-1990, SEC.55; P.L.254-1997(ss), SEC.32; P.L.79-2017,
SEC.83.
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Repealed