Ind. Code ch. 8-15.5-8

in effect

Ind. Code § 8-15.5-8-1 Property tax exemption

Sec. 1. Notwithstanding IC 5-1.2-9-27, or any other law, a project and tangible personal property used exclusively in connection with a project that are: (1) owned by the authority or a governmental entity and leased, franchised, licensed, or otherwise conveyed to an operator; or (2) acquired, constructed, or otherwise provided by an operator in connection with a project; under the terms of a public-private agreement are considered to be public property devoted to an essential public and governmental function and purpose and the property, and an operator's leasehold estate, franchise, license, and other interests in the property, are exempt from all ad valorem property taxes and special assessments levied against property by the state or any political subdivision of the state. As added by P.L.47-2006, SEC.39. Amended by P.L.205-2013, SEC.161; P.L.91-2014, SEC.30; P.L.189-2018, SEC.93.

Ind. Code § 8-15.5-8-1.5 Property tax exemption; projects involving an adjacent state or commonwealth

Sec. 1.5. Notwithstanding IC 5-1.2-9-27, or any other law, any interest in a project, including all tangible personal property used exclusively in connection with a project, that is: (1) owned by: (A) the authority; (B) an adjacent state or commonwealth; or (C) a political subdivision or instrumentality of an adjacent state or commonwealth; and (2) acquired, constructed, or otherwise provided in connection with a project by: (A) an operator; (B) an adjacent state or commonwealth; or (C) a political subdivision or instrumentality of an adjacent state or commonwealth; is considered to be public property devoted to an essential public and governmental function and purpose. This property, and a leasehold estate, franchise, license, or other interests in the property, is exempt from all ad valorem property taxes and special assessments levied against property by the state or any political subdivision of the state. As added by P.L.91-2014, SEC.31. Amended by P.L.189-2018, SEC.94.

Ind. Code § 8-15.5-8-2 Taxation of income received by operator

Sec. 2. Income received by an operator under the terms of a public-private agreement is subject to taxation in the same manner as income received by other private entities. As added by P.L.47-2006, SEC.39.

Ind. Code § 8-15.5-8-3 Sales tax on purchases by operator

Sec. 3. An operator or any other person purchasing tangible personal property for incorporation into or improvement of a structure or facility constituting or becoming part of the land included in the project is not exempt from the application of the gross retail or use tax under IC 6-2.5 with respect to such a purchase. As added by P.L.47-2006, SEC.39. Amended by P.L.205-2013, SEC.162.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026