Indiana § 5-1-17-23 Tax exemption

Indiana Statutes

§ 5-1-17-23 — Tax exemption

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 17 Indiana Stadium and Convention Building Authority

All:

(1)property owned by the authority;

(2)revenues of the authority; and

(3)bonds issued by the authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder's cost of acquisition, proceeds received upon redemption before maturity, proceeds received at maturity, and the receipt of interest in proceeds; are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.

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All:
(1) property owned by the authority;
(2) revenues of the authority; and
(3) bonds issued by the authority, the interest on the bonds, the
proceeds received by a holder from the sale of bonds to the extent
of the holder's cost of acquisition, proceeds received upon
redemption before maturity, proceeds received at maturity, and
the receipt of interest in proceeds;
are exempt from taxation in Indiana for all purposes except the
financial institutions tax imposed under IC 6-5.5.

Indiana § 5-1-17-23 (Tax exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.