Indiana Statutes
§ 6-1.1-10-42 — Small business incubator program
(a)A corporation that is:
(1)nonprofit; and
(2)participates in the small business incubator program under IC 5-28-21;
is exempt from property taxation to the extent of tangible property used
for small business incubation.
(b)A corporation that wishes to obtain an exemption from property
taxation under this section must file an exemption application under IC 6-1.1-11.
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Legislative History
As added by P.L.178-2002, SEC.14. Amended by P.L.4-2005,
SEC.35.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"