IC 20-47-3-15 — Exemption of lessor corporation property from taxes
Chapter 3. Private Holding Companies
Bills amending this section
Bills citing this section
Section text
Sec. 15. School buildings leased by a lessor corporation entering into a lease with a school corporation, school corporations, or the public education corporation under this chapter are exempt from all state, county, and other taxes. However, the rental payments to a lessor corporation under the terms of such a lease are subject to all applicable taxes under Indiana law.
As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.53.
Source: official publisher (2026 edition)