2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 10. Exemptions
6-1.1-10-32. Certain exempt property under control of executor

Universal Citation: IN Code § 6-1.1-10-32 (2018)
IC 6-1.1-10-32 Certain exempt property under control of executor

     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.

[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(10).]

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

 

Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.