Indiana Code 6-1.1-10-26.5. Agricultural organization; land on which a county fair is conducted; improvements; personal property
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Sec. 26.5. (a) This section applies to an assessment date occurring after December 31, 2010.
(b) The following tangible property is exempt from property taxation if the tangible property is owned by an agricultural organization that is exempt from federal income taxation under Section 501(c)(5) of the Internal Revenue Code:Terms Used In Indiana Code 6-1.1-10-26.5
(1) A tract of land of not more than one hundred forty (140) acres on which a county fair has been conducted for at least fifty (50) years.
(2) The improvements situated on the tract of land.
(3) The personal property located on the tract of land and used for the exempt purposes of the agricultural organization.
As added by P.L.148-2015, SEC.4.