Tax exemption of leased structures, systems, and transportation projects; taxation of rental paid lessor

Ind. Code § 36-1-10-18
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 18. Structures, transportation projects, and systems leased by a lessor contracting with the political subdivision or agency under this chapter are exempt from all state, county, and other taxes. However, the rental paid to a lessor under the terms of a lease is subject to taxation. [Pre-Local Government Recodification Citation: 18-5-3.3-10.] As added by Acts 1981, P.L.57, SEC.36. Amended by P.L.37-1988, SEC.19; P.L.343-1989(ss), SEC.21.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements