Ind. Code § 36-1-10-18

Current through P.L. 171-2024

Section 36-1-10-18 - Tax exemption of leased structures, systems, and transportation projects; taxation of rental paid lessor

Structures, transportation projects, and systems leased by a lessor contracting with the political subdivision or agency under this chapter are exempt from all state, county, and other taxes. However, the rental paid to a lessor under the terms of a lease is subject to taxation.

IC 36-1-10-18

Pre-Local Government Recodification Citation: 18-5-3.3-10.

As added by Acts1981 , P.L. 57, SEC.36. Amended by P.L. 37-1988, SEC.19; P.L. 343-1989 (ss), SEC.21.