Indiana § 6-1.1-10-26 County or district agricultural associations

Indiana Statutes

§ 6-1.1-10-26 — County or district agricultural associations

Indiana·Art. 1.1 PROPERTY TAXES·Ch. 10 Exemptions

(a)Subject to the limitations contained in subsection (b), the following tangible property is exempt from property taxation if it is owned by a county or district agricultural association of this state:

(1)A tract of land not exceeding eighty (80) acres.

(2)The improvements situated on the tract of land.

(b)This exemption does not apply unless:

(1)the association is organized under IC 15-14-3-1; and

(2)the property is exclusively used and occupied for the purposes specified in IC 15-14-3-1. [Pre-1975 Property Tax Recodification Citation: 6-1-1-2(7) part.] Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.86-2018, SEC.40.

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(a) Subject to the limitations contained in
subsection (b), the following tangible property is exempt from property
taxation if it is owned by a county or district agricultural association of
this state:
(1) A tract of land not exceeding eighty (80) acres.
(2) The improvements situated on the tract of land.
(b) This exemption does not apply unless:
(1) the association is organized under IC 15-14-3-1; and
(2) the property is exclusively used and occupied for the purposes
specified in IC 15-14-3-1.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(7)
part.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by
P.L.86-2018, SEC.40.

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