Indiana § 6-1.1-10-41 Exempt property purchased under contract of sale by person not
qualifying for exemption

Indiana Statutes

§ 6-1.1-10-41 — Exempt property purchased under contract of sale by person not qualifying for exemption

Indiana § 6-1.1-10-41

Art. 1.1PROPERTY TAXES

Ch. 10Exemptions

This text of Indiana § 6-1.1-10-41 (Exempt property purchased under contract of sale by person not qualifying for 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 § 6-1.1-10-41 (2026).

Text

(a)This section does not apply to a contract described in section 5.5 of this chapter.

(b)If real or personal property that is exempt from taxation under section 2 or 4 of this chapter:

(1)is being purchased under a contract of sale by another person:

(A)whose real or personal property is not exempt from taxation; and

(B)who is not engaged in an exempt purpose with the real or personal property; and

(2)the contract of sale does not make the real or personal property taxable; the real or personal property shall be assessed and taxed as if the real or personal property were owned by the purchaser or the purchaser's assignee.

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(a) This section does not apply to a contract
described in section 5.5 of this chapter.
(b) If real or personal property that is exempt from taxation under
section 2 or 4 of this chapter:
(1) is being purchased under a contract of sale by another person:
(A) whose real or personal property is not exempt from
taxation; and
(B) who is not engaged in an exempt purpose with the real or
personal property; and
(2) the contract of sale does not make the real or personal
property taxable;
the real or personal property shall be assessed and taxed as if the real
or personal property were owned by the purchaser or the purchaser's
assignee.