{"data":{"id":"us-in/ic-6-1.1-10-42","jurisdiction":"us-in","citation":"IC 6-1.1-10-42","heading":"Small business incubator program","body":"Sec. 42. (a) A corporation that is:\n(1) nonprofit; and\n(2) participates in the small business incubator program under IC 5-28-21;\nis exempt from property taxation to the extent of tangible property used for small business incubation.\n(b) A corporation that wishes to obtain an exemption from property taxation under this section must file an exemption application under IC 6-1.1-11.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 10. Exemptions"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-10-42","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"f61ec8251d5a603f2957fa329c5e712d7afbdf906d77bc4974428d2a3231e26e","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-10-41","next":"us-in/ic-6-1.1-10-43"},"notice":"GroundRules: Original legal text. Not legal advice."}