GroundRules
← Search the law
Indiana · Snapshot 2026

IC 20-47-3-15: Exemption of lessor corporation property from taxes

Read at publisher ↗
Where this section sits in the code
  1. TITLE 20. EDUCATION
  2. ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS
  3. Chapter 3. Private Holding Companies

Sec. 15. School buildings leased by a lessor corporation entering into a lease with a school corporation, school corporations, or the public education corporation under this chapter are exempt from all state, county, and other taxes. However, the rental payments to a lessor corporation under the terms of such a lease are subject to all applicable taxes under Indiana law.

Collected 2026-08-01T01:34:30Z. Source file · JSON

Browse this collection