Sec. 18. Structures, transportation projects, and systems leased by a lessor contracting with the political subdivision or agency under this chapter are exempt from all state, county, and other taxes. However, the rental paid to a lessor under the terms of a lease is subject to taxation.
Ind. Code § 36-1-10-18
Tax exemption of leased structures, systems, and transportation projects; taxation of rental paid lessor
As added by Acts 1981, P.L.57, SEC.36
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.