Indiana § 8-15.7-7-1 Property tax exemption

Indiana Statutes

§ 8-15.7-7-1 — Property tax exemption

Indiana § 8-15.7-7-1

Art. 15.7PUBLIC-PRIVATE PARTNERSHIPS

Ch. 7Taxation of Operators

This text of Indiana § 8-15.7-7-1 (Property 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 § 8-15.7-7-1 (2026).

Text

A project under this article and tangible personal property used exclusively in connection with a project that are:

(1)owned by the authority or the department and leased, licensed, financed, or otherwise conveyed to an operator; or

(2)acquired, constructed, or otherwise provided by an operator on behalf of the authority or the department; under the terms of a public-private agreement are considered to be public property devoted to an essential public and governmental function and purpose. The property, and an operator's leasehold estate or 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.

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A project under this article and tangible
personal property used exclusively in connection with a project that
are:
(1) owned by the authority or the department and leased, licensed,
financed, or otherwise conveyed to an operator; or
(2) acquired, constructed, or otherwise provided by an operator on
behalf of the authority or the department;
under the terms of a public-private agreement are considered to be
public property devoted to an essential public and governmental
function and purpose. The property, and an operator's leasehold estate
or 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.