Indiana § 36-9-30-31 Lease with option to purchase facilities; tax exemption

Indiana Statutes

§ 36-9-30-31 — Lease with option to purchase facilities; tax exemption

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 30 Solid Waste Collection and Disposal

A solid waste disposal facility leased by a
lessor corporation to a unit under this chapter is exempt from all state,
county, and other taxes, including all sales and use taxes applicable to
tangible personal property incorporated or to be incorporated in the
facility. However, the rental paid to a lessor corporation under the
terms of such a lease is subject to all applicable taxes.
[Pre-Local Government Recodification Citation:
19-2-1-29.]
As added by Acts 1981, P.L.309, SEC.106.

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A solid waste disposal facility leased by a
lessor corporation to a unit under this chapter is exempt from all state,
county, and other taxes, including all sales and use taxes applicable to
tangible personal property incorporated or to be incorporated in the
facility. However, the rental paid to a lessor corporation under the
terms of such a lease is subject to all applicable taxes.
[Pre-Local Government Recodification Citation:
19-2-1-29.]
As added by Acts 1981, P.L.309, SEC.106.

Indiana § 36-9-30-31 (Lease with option to purchase facilities; tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.