§ 6-1.1-10-18.5 — Nonprofit corporation property used in operation of health facility or home for the aged; continuing care retirement community

Indiana § 6-1.1-10-18.5

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 10: Exemptions

Text

5. (a) This section does not exempt from
property tax an office or a practice of a physician or group of
physicians that is owned by a hospital licensed under IC 16-21-2 or
other property that is not substantially related to or supportive of the
inpatient facility of the hospital unless the office, practice, or other
property:
(1) provides or supports the provision of charity care (as defined
in IC 16-18-2-52.5), including funds or other financial support for
health care services for individuals who are indigent (as defined
in IC 16-18-2-52.5(b) and IC 16-18-2-52.5(c)); or
(2) provides or supports the provision of community benefits (as
defined in IC 16-21-9-1), including research, education, or
government sponsored indigent health care (as defined in IC 16-21-9-2).
However, participation in the Medicaid or Medicare program, alone,
does not entitle an office, a practice, or other property described in this
subsection to an exemption under this section.
(b) Tangible property is exempt from property taxation if it is:
(1) owned by an Indiana nonprofit corporation; and
(2) used by an Indiana nonprofit corporation in the operation of
a hospital licensed under IC 16-21, a health facility licensed under
IC 16-28, a residential care facility for the aged and licensed
under IC 16-28, or a Christian Science home or sanatorium.
(c) This subsection applies only to property taxes first due and
payable in calendar years 2025 and 2026. Tangible property that is not
otherwise exempt from property taxation under subsection (b) is
exempt from property taxation if it is:
(1) owned by an Indiana nonprofit corporation; and
(2) used by an Indiana nonprofit corporation in the operation of
a continuing care retirement community under IC 23-2-4 that
charges an entry fee of not more than five hundred thousand
dollars ($500,000) per unit as described in section 16(r)(1) of this
chapter, a small house health facility under IC 16-18-2-331.9, or
a qualified residential treatment provider listed in section 16(r)(4)
of this chapter.
This subsection expires January 1, 2027.
(d) Property referred to in this section shall be assessed to the extent
required under IC 6-1.1-11-9.
As added by Acts 1978, P.L.30, SEC.1. Amended by Acts 1982,
P.L.29, SEC.2; P.L.66-1983, SEC.1; P.L.2-1993, SEC.53; P.L.25-1995,
SEC.14; P.L.198-2001, SEC.29; P.L.156-2011, SEC.3; P.L.197-2011,
SEC.33; P.L.230-2025, SEC.27.