Indiana § 5-1.2-9-27 Property not public property; not exempt from taxation

Indiana Statutes

§ 5-1.2-9-27 — Property not public property; not exempt from taxation

Indiana § 5-1.2-9-27

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 9Economic Development Projects

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Bluebook

Ind. Code § 5-1.2-9-27 (2026).

Text

(a)Property owned by the authority and leased to a person for an economic development project is not public property.

(b)Any economic development project financed by a loan under the authority of this chapter is not public property and is not exempt from any taxes of this state, or any county, city, or other political subdivision of this state, except for pollution control equipment.

(c)The property and the economic development project are subject to all taxes of this state or any county, city, or other political subdivision of this state in the same manner and subject to the same exemptions that apply to all persons.

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(a) Property owned by the authority and
leased to a person for an economic development project is not public
property.
(b) Any economic development project financed by a loan under the
authority of this chapter is not public property and is not exempt from
any taxes of this state, or any county, city, or other political subdivision
of this state, except for pollution control equipment.
(c) The property and the economic development project are subject
to all taxes of this state or any county, city, or other political
subdivision of this state in the same manner and subject to the same
exemptions that apply to all persons.