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Indiana Code Title 6. Taxation § 6-1.1-10-42

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 42. (a) A corporation that is:

(1) nonprofit;  and

(2) participates in the small business incubator program under IC 5-28-21;

is exempt from property taxation to the extent of tangible property used for small business incubation.

(b) A corporation that wishes to obtain an exemption from property taxation under this section must file an exemption application under IC 6-1.1-11.

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Cite this article: FindLaw.com - Indiana Code Title 6. Taxation § 6-1.1-10-42 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-6-taxation/in-code-sect-6-1-1-10-42/

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