Tax liability and exemptions

Ind. Code § 36-9-11-10
in effect
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Sec. 10. (a) The property acquired by a municipality under this chapter, and the revenues derived from that property, are exempt from taxation for all purposes. (b) A leasehold improvement made by a lessee under this chapter for private or commercial purposes, or both, is subject to taxation. [Pre-Local Government Recodification Citations: 19-5-11-11 part; 19-5-13-13 part.] As added by Acts 1981, P.L.309, SEC.84.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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