Indiana Code 8-1-2.8-24. Charitable purposes; exemptions
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Sec. 24. If the InTRAC meets the requirements of sections 18 and 21 of this chapter, the InTRAC:
(2) qualifies for all exemptions applicable to those organizations, including but not limited to those exemptions set forth in IC 6-2.5-5-21(b)(1)(B) and IC 6-1.1-10-16.
(1) for purposes of all taxes imposed by the state or any county or municipality in Indiana is an organization that is organized and operated exclusively for charitable purposes; and
Terms Used In Indiana Code 8-1-2.8-24
- InTRAC: means a corporation formed under Indiana Code 8-1-2.8-6
As added by P.L.75-1991, SEC.1. Amended by P.L.192-2002(ss), SEC.144.