IC 36-1-10-18 — Tax exemption of leased structures, systems, and transportation projects; taxation of rental paid lessor
Chapter 10. Leasing and Lease-Purchasing Structures
Bills citing this section
Section text
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.
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: official publisher (2026 edition)