Indiana Code 21-30-2-5. Tax exemption

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Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.

Sec. 5. All annuities provided in connection with a gift are free of all taxation within Indiana.

[Pre-2007 Higher Education Recodification Citation: 4-24-2-5.]

As added by P.L.2-2007, SEC.271.