Indiana § 8-14.5-6-12 Tax exemption

Indiana Statutes

§ 8-14.5-6-12 — Tax exemption

Indiana § 8-14.5-6-12

Art. 14.5LEASE FINANCING FOR TRANSPORTATION

Ch. 6Issuance of Bonds and Notes

This text of Indiana § 8-14.5-6-12 (Tax 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 § 8-14.5-6-12 (2026).

Text

All bonds or notes issued under this article
are issued by a body corporate and politic of this state, but not a state
agency, and for an essential public and governmental purpose. The
bonds and notes, the interest on the bonds and notes, the proceeds
received by an owner from the sale of the bonds or notes to the extent
of the owner's cost of acquisition, proceeds received upon redemption
for maturity, proceeds received at maturity, and the receipt of the
interest and proceeds are exempt from taxation for all purposes except
the financial institutions tax imposed under IC 6-5.5.

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All bonds or notes issued under this article
are issued by a body corporate and politic of this state, but not a state
agency, and for an essential public and governmental purpose. The
bonds and notes, the interest on the bonds and notes, the proceeds
received by an owner from the sale of the bonds or notes to the extent
of the owner's cost of acquisition, proceeds received upon redemption
for maturity, proceeds received at maturity, and the receipt of the
interest and proceeds are exempt from taxation for all purposes except
the financial institutions tax imposed under IC 6-5.5.