Indiana Code 8-22-3.7-21. Exemptions from taxation
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Sec. 21. (a) All:
(2) revenues of the development authority; and
(1) property owned by the development authority;
Terms Used In Indiana Code 8-22-3.7-21
- bonds: means bonds, notes, or other evidences of indebtedness issued by the development authority. See Indiana Code 8-22-3.7-2
- development authority: refers to an airport development authority created by this chapter. See Indiana Code 8-22-3.7-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) bonds issued by the development 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.
(b) All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes.
As added by P.L.108-1993, SEC.11. Amended by P.L.254-1997(ss), SEC.18; P.L.27-2007, SEC.9; P.L.79-2017, SEC.59.