Indiana Code 6-1.1-10-47. Property tax exemption; certain federally-qualified health centers
(b) Tangible property owned by a nonprofit corporation is exempt from property taxation if the following apply:
Terms Used In Indiana Code 6-1.1-10-47
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
(2) The owner is:
(A) a federally-qualified health center (as defined in 42 U.S.C. § 1396d(l)(2)(B)); and
(B) a primary medical provider that:
(i) accepts all patients and provides care regardless of a patient’s ability to pay;
(ii) is located in a geographically medically underserved area; and
(iii) has received a grant at any time from the Indiana health care trust account under IC 4-12-5.
(3) The owner was granted an exemption under section 16 of this chapter for a comparable facility located in a contiguous county.
(4) The owner applied for an exemption under section 16 of this chapter for a previous assessment date and was denied.
(c) The property that is exempt under this section also includes the following:
(1) Property used in providing storage or parking.
(2) Any part of the property that is leased or rented by the owner to another nonprofit corporation providing services or assistance to participants in the Special Supplemental Nutrition Program for the Women, Infants, and Children Nutrition Program (WIC) under IC 16-35-1.5.
(d) If property is exempt under subsection (b) and part of the property is used by a for-profit enterprise, the exemption under subsection (b) is reduced proportionately.
As added by P.L.255-2017, SEC.10.