Sec. 28. A building and the land on which the building is located are exempt from property taxation if:

(1) the building is used for the purpose of gratuitously dispensing medicines and medical advice and aid to people; and

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Terms Used In Indiana Code 6-1.1-10-28

  • 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
(2) the real property is owned by a corporation, institution, or association which exists exclusively for that charitable purpose.

[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(15).]

Formerly: Acts 1975, P.L.47, SEC.1.