IC 6-1.1-11-1 — Waiver of exemption
Chapter 11. Exemption Procedures
Section text
Sec. 1. An exemption is a privilege which may be waived by a person who owns tangible property that would qualify for the exemption. If the owner does not comply with the statutory procedures for obtaining an exemption, he waives the exemption. If the exemption is waived, the property is subject to taxation.
Formerly: Acts 1975, P.L.47, SEC.1.
Source: official publisher (2026 edition)