Indiana § 8-22-3.7-21 Exemptions from taxation

Indiana Statutes

§ 8-22-3.7-21 — Exemptions from taxation

Indiana § 8-22-3.7-21

Art. 22AIRPORTS

Ch. 3.7Airport Development Authority

This text of Indiana § 8-22-3.7-21 (Exemptions from taxation) 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 § 8-22-3.7-21 (2026).

Text

(a)All:

(1)property owned by the development authority;

(2)revenues of the development authority; and

(3)bonds issued by the development authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder's cost of acquisition, proceeds received upon redemption before maturity, proceeds received at maturity, and the receipt of interest in proceeds; are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.

(b)All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes.

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(a) All:
(1) property owned by the development authority;
(2) revenues of the development authority; and
(3) bonds issued by the development authority, the interest on the
bonds, the proceeds received by a holder from the sale of bonds
to the extent of the holder's cost of acquisition, proceeds received
upon redemption before maturity, proceeds received at maturity,
and the receipt of interest in proceeds;
are exempt from taxation in Indiana for all purposes except the
financial institutions tax imposed under IC 6-5.5.
(b) All securities issued under this chapter are exempt from the
registration requirements of IC 23-19 and other securities registration
statutes.