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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 10. Exemptions
6-1.1-10-7. Nonprofit water companies
Universal Citation: IN Code § 6-1.1-10-7 (2018)
IC 6-1.1-10-7 Nonprofit water companies
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.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(23).]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.65-1983, SEC.1.
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