Tax Exemption of Leased Structures, Systems, and Transportation Projects; Taxation of Rental Paid Lessor

  1. Law
  2. Indiana Code
  3. Local Government
  4. General Provisions
  5. Leasing and Lease-Purchasing Structures
  6. Tax Exemption of Leased Structures, Systems, and Transportation Projects; Taxation of Rental Paid Lessor

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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.


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