IC 6-1.1-10-7 — Nonprofit water companies

Bills amending this section

• HB 13692026In committeeeffective July 1, 2026

  Various property tax matters.

Section text

Sec. 7. Property is exempt from property taxation if it is owned by a non-profit corporation which is engaged in the sale and distribution of water. However, this exemption only applies if the corporation is operated on a not-for-profit basis.

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.65-1983, SEC.1.

Source: official publisher (2026 edition)