Indiana § 6-1.1-10-33 Certain exempt property under control of executor or trustee

Indiana Statutes

§ 6-1.1-10-33 — Certain exempt property under control of executor or trustee

Indiana § 6-1.1-10-33

Art. 1.1PROPERTY TAXES

Ch. 10Exemptions

This text of Indiana § 6-1.1-10-33 (Certain exempt property under control of executor or trustee) 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 § 6-1.1-10-33 (2026).

Text

(a)Tangible property which is under the control of an executor or a trustee is exempt from property taxation if it is to be used and applied:

(1)within this state for a municipal, educational, literary, scientific, religious, or charitable purpose; or

(2)for the benefit of this state or a state institution.

(b)Subsection (a) does not apply unless the executor or trustee diligently and in good faith carries out the provisions of the will or trust agreement by using and applying the property for the intended purpose. [Pre-1975 Property Tax Recodification Citation: 6-1-1-2(13).] Formerly: Acts 1975, P.L.47, SEC.1.

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(a) Tangible property which is under the
control of an executor or a trustee is exempt from property taxation if
it is to be used and applied:
(1) within this state for a municipal, educational, literary, scientific,
religious, or charitable purpose; or
(2) for the benefit of this state or a state institution.
(b) Subsection (a) does not apply unless the executor or trustee
diligently and in good faith carries out the provisions of the will or trust
agreement by using and applying the property for the intended purpose.
[Pre-1975 Property Tax Recodification Citation:
6-1-1-2(13).]
Formerly: Acts 1975, P.L.47, SEC.1.