Indiana Code Title 8. Utilities and Transportation § 8-15.5-8-1

Sec. 1 . Notwithstanding IC 4-4-11-36.1(b) , IC 4-4-11-36.1(c) , or any other law, a project and tangible personal property used exclusively in connection with a project that are:

(1) owned by the authority or a governmental entity and leased, franchised, licensed, or otherwise conveyed to an operator;  or

(2) acquired, constructed, or otherwise provided by an operator in connection with a project;

under the terms of a public-private agreement are considered to be public property devoted to an essential public and governmental function and purpose and the property, and an operator's leasehold estate, franchise, license, and other interests in the property, are exempt from all ad valorem property taxes and special assessments levied against property by the state or any political subdivision of the state.

FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system. For more detailed codes research information, including annotations and citations, please visit Westlaw.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.