Indiana Code 36-9-4-52. Property tax exemption
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Terms Used In Indiana Code 36-9-4-52
- 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
Sec. 52. Property acquired by a municipality or public transportation corporation under this chapter is exempt from property taxes.
[Pre-Local Government Recodification Citation: 19-5-2-36.]
As added by Acts 1981, P.L.309, SEC.77.