Indiana Code 6-1.1-10-20. Manual labor, technical, or trade schools; colleges
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Sec. 20. Tangible property is exempt from property taxation if it is:
(2) used, and in the case of real property actually occupied, for the purpose for which the institution is incorporated.
(1) owned by a manual labor school, a technical high school, a trade school, or a college which is incorporated within this state; and
Terms Used In Indiana Code 6-1.1-10-20
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
However, the institution’s real property which is exempt from taxation under this section may not exceed eight hundred (800) acres in any one (1) county of this state.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(4).]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by Acts 1977, P.L.2, SEC.18.