{"data":{"id":"us-in/ic-6-1.1-10-41","jurisdiction":"us-in","citation":"IC 6-1.1-10-41","heading":"Exempt property purchased under contract of sale by person not qualifying for exemption","body":"Sec. 41. (a) This section does not apply to a contract described in section 5.5 of this chapter.\n(b) If real or personal property that is exempt from taxation under section 2 or 4 of this chapter:\n(1) is being purchased under a contract of sale by another person:\n(A) whose real or personal property is not exempt from taxation; and\n(B) who is not engaged in an exempt purpose with the real or personal property; and\n(2) the contract of sale does not make the real or personal property taxable;\nthe real or personal property shall be assessed and taxed as if the real or personal property were owned by the purchaser or the purchaser's assignee.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 10. Exemptions"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-10-41","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"71225a3dc335928ce79ff0838b8ed2eab9355ffad38046ffc2214d260eaf5617","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-10-40","next":"us-in/ic-6-1.1-10-42"},"notice":"GroundRules: Original legal text. Not legal advice."}