IC 36-7-38-20 — Limitation on property tax exemption for leased property
Chapter 38. Land Banks
Section text
Sec. 20. Notwithstanding IC 6-1.1-10-4, after a land bank acquires title to a parcel of real property, the property tax exemption provided under IC 6-1.1-10-4 terminates for the parcel of real property on the final day of the first uninterrupted forty-eight (48) month period for which the land bank has leased, or offered to lease, all or part of the parcel of real property to one (1) or more tenants.
As added by P.L.211-2016, SEC.1.
Source: official publisher (2026 edition)