Indiana Code 36-7-15.3-19. Exemption from taxation; exception
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Sec. 19. All:
(2) revenues of the authority; and
(1) property owned by the authority;
Terms Used In Indiana Code 36-7-15.3-19
- authority: refers to the county convention and recreational facilities authority established by Indiana Code 36-7-15.3-2
- bonds: means bonds, notes, or other evidence of indebtedness issued by the authority. See Indiana Code 36-7-15.3-4
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) bonds issued by the 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.
As added by P.L.84-1987, SEC.14. Amended by P.L.21-1990, SEC.54; P.L.254-1997(ss), SEC.31; P.L.79-2017, SEC.82.