IC 20-47-3-15: Exemption of lessor corporation property from taxes
Where this section sits in the code
- TITLE 20. EDUCATION
- ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS
- 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