Indiana Code 6-1.1-10-20. Manual labor, technical, or trade schools; colleges
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Sec. 20. Tangible property is exempt from property taxation if it is:
(2) used, and in the case of real property actually occupied, for the purpose for which the institution is incorporated.
(1) owned by a manual labor school, a technical high school, a trade school, or a college which is incorporated within this state; and
Terms Used In Indiana Code 6-1.1-10-20
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
However, the institution’s real property which is exempt from taxation under this section may not exceed eight hundred (800) acres in any one (1) county of this state.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(4).]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1977, P.L.2, SEC.18.