§ 8-15.5-8-1 — Property tax exemption

Indiana § 8-15.5-8-1

• Jurisdiction: Indiana
• Art. 15.5: PUBLIC-PRIVATE AGREEMENTS FOR TOLL
• Ch. 8: Taxation of Operators

Text

Notwithstanding IC 5-1.2-9-27, or any other
law, a project and tangible personal property used exclusively in
connection with a project that are:
(1) owned by the authority or a governmental entity and leased,
franchised, licensed, or otherwise conveyed to an operator; or
(2) acquired, constructed, or otherwise provided by an operator in
connection with a project;
under the terms of a public-private agreement are considered to be
public property devoted to an essential public and governmental
function and purpose and the property, and an operator's leasehold
estate, franchise, license, and other interests in the property, are exempt
from all ad valorem property taxes and special assessments levied
against property by the state or any political subdivision of the state.

Legislative History

As added by P.L.47-2006, SEC.39. Amended by P.L.205-2013, SEC.161; P.L.91-2014, SEC.30; P.L.189-2018, SEC.93.