Ind. Code § 6-1.1-10-32

Current through P.L. 171-2024

Section 6-1.1-10-32 - Certain exempt property under control of executor

Tangible property is exempt from property taxation if it:

(1) is under the control of an executor;

(2) is to pass, under the terms of a will, to a municipal corporation or to a literary, scientific, benevolent, religious, or charitable institution; and

(3) would be exempt from property taxation if it had already been distributed to the devisee or legatee.

IC 6-1.1-10-32

Pre-1975 Property Tax Recodification Citation: 6-1-1-2(10).

Formerly: Acts1975 , P.L. 47, SEC.1.