{"data":{"id":"us-in/ic-20-47-3-15","jurisdiction":"us-in","citation":"IC 20-47-3-15","heading":"Exemption of lessor corporation property from taxes","body":"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.","path":["TITLE 20. EDUCATION","ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS","Chapter 3. Private Holding Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-47-3-15","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"5ae16a2a733b456c642fa84fdce0745d2a347f2b5ac2747a6805787062ca2ad0","source_id":"us-in","stale":false,"prev":"us-in/ic-20-47-3-14","next":"us-in/ic-20-47-3-16"},"notice":"GroundRules: Original legal text. Not legal advice."}