Indiana § 8-15-3-23 Exercise of power; exemption from taxation or assessments

Indiana Statutes

§ 8-15-3-23 — Exercise of power; exemption from taxation or assessments

Indiana·Art. 15 TOLL ROADS·Ch. 3 Tollways

(a)The exercise of the powers granted by this chapter to the department or the authority must be in all respects for:

(1)the benefit of the people of Indiana;

(2)the increase of the commerce and prosperity of Indiana; and

(3)the improvement of the health and living conditions of the people of Indiana.

(b)Since the operation and maintenance of a tollway by the department or the authority constitutes the performance of essential governmental functions, neither the department nor the authority is required to pay any taxes or assessments upon a tollway or any property acquired or used by the department under this chapter or IC 8-15.7 or upon the income from a tollway.

(c)The operator under a public-private agreement is not required to pay taxes or assessments upon a tollway, any property

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(a) The exercise of the powers granted by this
chapter to the department or the authority must be in all respects for:
(1) the benefit of the people of Indiana;
(2) the increase of the commerce and prosperity of Indiana; and
(3) the improvement of the health and living conditions of the
people of Indiana.
(b) Since the operation and maintenance of a tollway by the
department or the authority constitutes the performance of essential
governmental functions, neither the department nor the authority is
required to pay any taxes or assessments upon a tollway or any property
acquired or used by the department under this chapter or IC 8-15.7 or
upon the income from a tollway.
(c) The operator under a public-private agreement is not required to
pay taxes or assessments upon a tollway, any property or property
interest acquired by the operator under a public-private agreement, or
any possessory interest in the tollway or in property granted or created
by the public-private agreement under this chapter or IC 8-15.7.
(d) An operator or any other person purchasing tangible personal
property for incorporation into or improvement of a structure or facility
constituting or becoming part of the land included in:
(1) a tollway; or
(2) property granted or created by the public-private agreement;
is entitled to the exemption from gross retail tax and use tax provided
under IC 6-2.5-4-9(c) and IC 6-2.5-3-2(c), respectively, with respect to
that tangible personal property.

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