Indiana Code 6-1.1-10-37.8. Homeowners associations; held for use, benefit, or enjoyment of members
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Sec. 37.8. For assessment dates after December 31, 2015, tangible personal property is exempt from property taxation if that tangible personal property:
(2) is held by the homeowners association for the use, benefit, or enjoyment of members of the homeowners association.
(1) is owned by a homeowners association (as defined in IC 32-25.5-2-4); and
Terms Used In Indiana Code 6-1.1-10-37.8
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.203-2016, SEC.2.