Indiana Statutes
§ 8-15-2-12 — Taxation
(a)The exercise of the powers granted by this
chapter will be in all respects for:
(1)the benefit of the people of the state;
(2)the increase of their commerce and prosperity; and
(3)the improvement of their health and living conditions.
(b)As the operation and maintenance of toll road projects by the
authority will constitute the performance of essential governmental
functions, the authority shall not be required to pay any taxes or
assessments upon any toll road project or any property acquired or used
by the authority under the provisions of this chapter or upon the income
therefrom.
(c)The bonds issued under the provisions of this chapter, their
transfer, and the income therefrom (including any profit made on the
sale thereof) shall at all times be free from taxation within the s
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Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed