Indiana Code 6-1.1-10-19. Public libraries

Sec. 19. Tangible property is exempt from property taxation if it is:

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Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Property: includes personal and real property. See Indiana Code 1-1-4-5

(1) owned by a corporation which has established a public library under Indiana law; and

(2) used exclusively for public library purposes.

[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(18).]

Formerly: Acts 1975, P.L.47, SEC.1.