Indiana § 6-1.1-10-15.5 Commercial passenger aircraft; resolution required; tenancy and use
requirement; term of exemption

Indiana Statutes

§ 6-1.1-10-15.5 — Commercial passenger aircraft; resolution required; tenancy and use requirement; term of exemption

Indiana § 6-1.1-10-15.5

Art. 1.1PROPERTY TAXES

Ch. 10Exemptions

This text of Indiana § 6-1.1-10-15.5 (Commercial passenger aircraft; resolution required; tenancy and use requirement; term of exemption) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-10-15.5 (2026).

Text

5.

(a)As used in this section, "airport development zone" means an airport development zone designated under IC 8-22-3.5-5.

(b)As used in this section, "allocated tax proceeds" refers to property taxes allocated under IC 8-22-3.5-9.

(c)As used in this section, "commission" has the meaning set forth in IC 8-22-3.5-2.

(d)As used in this section, "qualified airport development project" has the meaning set forth in IC 8-22-3.5-3.

(e)Before a person maintaining commercial passenger aircraft that is not subject to the aircraft excise tax under IC 6-6-6.5 may claim an exemption from property taxation for the commercial passenger aircraft, the commission must adopt a resolution authorizing the exemption for the commercial passenger aircraft.

(f)After the commission adopts a resolution descri

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5. (a) As used in this section, "airport
development zone" means an airport development zone designated
under IC 8-22-3.5-5.
(b) As used in this section, "allocated tax proceeds" refers to
property taxes allocated under IC 8-22-3.5-9.
(c) As used in this section, "commission" has the meaning set forth
in IC 8-22-3.5-2.
(d) As used in this section, "qualified airport development project"
has the meaning set forth in IC 8-22-3.5-3.
(e) Before a person maintaining commercial passenger aircraft that
is not subject to the aircraft excise tax under IC 6-6-6.5 may claim an
exemption from property taxation for the commercial passenger
aircraft, the commission must adopt a resolution authorizing the
exemption for the commercial passenger aircraft.
(f) After the commission adopts a resolution described in subsection
(e), a person maintaining a commercial passenger aircraft that is not
subject to the aircraft excise tax under IC 6-6-6.5 may claim an
exemption from property taxation for the commercial passenger aircraft
if the following conditions exist when the commission adopts the
resolution:
(1) The person is:
(A) a tenant or subtenant of any portion of the qualified airport
development project; and
(B) a current user of all or any portion of the qualified airport
development project.
(2) For purposes of maintenance, the aircraft will be located in the
airport development zone.
(3) If bonds have been issued, either:
(A) the pledge of allocated tax proceeds to the payment of any
bonds issued under IC 8-22-3-18.1 to finance any portion of the
costs of the qualified airport development project has been
discharged; or
(B) any bonds to which allocated tax proceeds were pledged
have been paid in full in accordance with the documents under
which the bonds were issued.
If this subdivision applies, the person may not claim the
exemption for a period longer than the original term of the bonds.