IC 6-1.1-10-18: Nonprofit corporations supporting fine arts

Sec. 18. (a) Tangible property is exempt from property taxation if it is owned by an Indiana not-for-profit corporation which is organized and operated for the primary purpose of coordinating, promoting, encouraging, housing, or providing financial support to activities in the field of fine arts.

(b) For purposes of this section, the field of fine arts includes, but is not limited to, the following art forms:

(1) classical, semi-classical, or modern instrumental and vocal music;

(2) classical dance, including ballet, modern adaptations of formal dance, and ethnic dance;

(3) painting, drawing, and the graphic arts;

(4) sculpture;

(5) architecture;

(6) drama and musical theater.