Indiana § 8-1-2.2-22 Payments in lieu of taxes

Indiana Statutes

§ 8-1-2.2-22 — Payments in lieu of taxes

Indiana § 8-1-2.2-22

Art. 1UTILITIES GENERALLY

Ch. 2.2Municipal Electric Utility Programs

This text of Indiana § 8-1-2.2-22 (Payments in lieu of taxes) 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 § 8-1-2.2-22 (2026).

Text

Payments in Lieu of Taxes. That part of a
project owned by a municipality or municipalities or joint agency shall
be exempt from property taxes. However, each municipality
participating in a project or joint agency owning all or any part of a
project shall, in lieu of property taxes, pay to any governmental unit
authorized to levy property taxes the amount which would be assessed
as taxes on real and personal property of a project if such project were
otherwise subject to valuation and assessment. Such payments in lieu
of taxes shall be due and shall bear interest if unpaid, as in the cases of
taxes on other property. Payments in lieu of taxes made under this
section shall be treated in the same manner as taxes for purposes of all
procedural and substantive provisions of law.
Except as exp

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Payments in Lieu of Taxes. That part of a
project owned by a municipality or municipalities or joint agency shall
be exempt from property taxes. However, each municipality
participating in a project or joint agency owning all or any part of a
project shall, in lieu of property taxes, pay to any governmental unit
authorized to levy property taxes the amount which would be assessed
as taxes on real and personal property of a project if such project were
otherwise subject to valuation and assessment. Such payments in lieu
of taxes shall be due and shall bear interest if unpaid, as in the cases of
taxes on other property. Payments in lieu of taxes made under this
section shall be treated in the same manner as taxes for purposes of all
procedural and substantive provisions of law.
Except as expressly provided in this section with respect to jointly
owned projects, no other property of a municipality used or useful in
the generation, transmission and distribution of electric power and
energy shall be subject to payments in lieu of taxes.
As added by Acts 1980, P.L.68, SEC.1.