Section 36-9-11-10 - Tax liability and exemptions(a) The property acquired by a municipality under this chapter, and the revenues derived from that property, are exempt from taxation for all purposes.(b) A leasehold improvement made by a lessee under this chapter for private or commercial purposes, or both, is subject to taxation.
IC 36-9-11-10
Pre-Local Government Recodification Citations: 19-5-11-11 part; 19-5-13-13 part.