Indiana Code 5-1-17-23. Tax exemption
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Sec. 23. All:
(2) revenues of the authority; and
(1) property owned by the authority;
Terms Used In Indiana Code 5-1-17-23
- authority: refers to the Indiana stadium and convention building authority created by this chapter. See Indiana Code 5-1-17-1
- bonds: means bonds, notes, commercial paper, or other evidences of indebtedness. See Indiana Code 5-1-17-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) bonds issued by the authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder’s cost of acquisition, proceeds received upon redemption before maturity, proceeds received at maturity, and the receipt of interest in proceeds;
are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.
As added by P.L.214-2005, SEC.6. Amended by P.L.79-2017, SEC.7.