2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 6. Assessment of Certain Forest Lands
6-1.1-6-15. Minerals on land; assessment

Universal Citation: IN Code § 6-1.1-6-15 (2018)
IC 6-1.1-6-15 Minerals on land; assessment

     Sec. 15. If any oil, gas, stone, coal, or other mineral is obtained from land which is classified as native forest land, a forest plantation, or wildlands, the parcel shall immediately be assessed for the oil, gas, stone, coal, or other mineral wealth. The assessed value of the mineral wealth shall then be placed on the tax duplicate.

[Pre-1975 Property Tax Recodification Citation: 6-8-2-14.]

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.66-2006, SEC.15.

 

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