Indiana Code 36-12-10-14. Tax exemptions
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Terms Used In Indiana Code 36-12-10-14
- 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
Sec. 14. All property owned by a lessor corporation contracting with a municipal corporation or corporations under this chapter and all stock and other securities, including the interest or dividends issued by a lessor corporation, are exempt from all state, county, and other taxes, excluding the financial institutions tax and the inheritance taxes.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-14-10-14.]
As added by P.L.1-2005, SEC.49. Amended by P.L.42-2018, SEC.59.