Ind. Code § 20-47-3-15

Current through P.L. 171-2024

Section 20-47-3-15 - Exemption of lessor corporation property from taxes

School buildings leased by a lessor corporation entering into a lease with a school corporation or corporations under this chapter are exempt from all state, county, and other taxes. However, the rental payments to a lessor corporation under the terms of such a lease are subject to all applicable taxes under Indiana law.

IC 20-47-3-15

Pre-2006 Recodification Citation: 21-5-12-10.

As added by P.L. 2-2006, SEC.170.