§ 6-1.1-11-3.5 — Not-for-profit corporation property; eligibility; application; review

Indiana § 6-1.1-11-3.5

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 11: Exemption Procedures

Text

5. (a) A not-for-profit corporation that seeks
an exemption provided by IC 6-1.1-10 for 2000 or for a year that
follows 2000 by a multiple of two (2) years must file an application for
the exemption in that year. However, if a not-for-profit corporation
seeks an exemption provided by IC 6-1.1-10 for a year not specified in
this subsection and the corporation did not receive the exemption for
the preceding year, the corporation must file an application for the
exemption in the year for which the exemption is sought. The
not-for-profit corporation must file each exemption application in the
manner (other than the requirement for filing annually) prescribed in
section 3 of this chapter.
(b) A not-for-profit corporation that receives an exemption provided
under IC 6-1.1-10 for a particular year that remains eligible for the
exemption for the following year is only required to file a statement to
apply for the exemption in the years specified in subsection (a), if the
use of the not-for-profit corporation's property remains unchanged.
(c) A not-for-profit corporation that receives an exemption provided
under IC 6-1.1-10 for a particular year which becomes ineligible for the
exemption for the following year shall notify the assessor of the county
in which the tangible property for which it claims the exemption is
located of its ineligibility on or before:
(1) May 15 of the year for which it becomes ineligible, if the
property becomes ineligible in a year that ends before January 1,
2016; and
(2) April 1 of the year for which it becomes ineligible, if the
property becomes ineligible in a year that begins after December
31, 2015.
If a not-for-profit corporation that is receiving an exemption provided
under IC 6-1.1-10 changes the use of its tangible property so that part
or all of that property no longer qualifies for the exemption, the
not-for-profit corporation shall notify the assessor of the county in
which the tangible property for which it claims the exemption is
located of its ineligibility on or before the date specified in subdivision
(1) or (2), as appropriate. The county assessor shall immediately notify
the county auditor of the not-for-profit corporation's ineligibility or
disqualification for the exemption. A not-for-profit corporation that
fails to provide the notification required by this subsection is subject to
the penalties set forth in IC 6-1.1-37-9.
(d) For each year that is not a year specified in subsection (a), the
auditor of each county shall apply an exemption provided under IC 6-1.1-10 to the tangible property owned by a not-for-profit corporation
that received the exemption in the preceding year unless the county
property tax assessment board of appeals determines that the
not-for-profit corporation is no longer eligible for the exemption.
(e) The department of local government finance may at any time
review an exemption provided under this section and determine
whether or not the not-for-profit corporation is eligible for the
exemption.

Legislative History

As added by P.L.65-1983, SEC.3. Amended by P.L.81-1987, SEC.1; P.L.198-2001, SEC.33; P.L.264-2003, SEC.5; P.L.111-2014, SEC.21.