IC 6-1.1-10-32 — Certain exempt property under control of executor

Bills amending this section

• HB 13692026In committeeeffective January 1, 2027

  Various property tax matters.

Section text

Sec. 32. Tangible property is exempt from property taxation if it: (1) is under the control of an executor; (2) is to pass, under the terms of a will, to a municipal corporation or to a literary, scientific, benevolent, religious, or charitable institution; and (3) would be exempt from property taxation if it had already been distributed to the devisee or legatee.

Formerly: Acts 1975, P.L.47, SEC.1.

Source: official publisher (2026 edition)