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Indiana Code — Title 6 (Taxation)

IC 6-1.1-10-26.5

Agricultural organization; land on which a county fair is

Official textiga.in.govlast amended

conducted; improvements; personal property
Sec. 26.5. (a) This section applies to an assessment date occurring after December 31,
2010.

(b) The following tangible property is exempt from property taxation if the tangible property is owned by an agricultural organization that is exempt from federal income taxation under Section 501(c)(5) of the Internal Revenue Code:

# (1)

A tract of land of not more than one hundred forty (140) acres on which a county fair has been conducted for at least fifty (50) years.

# (2)

The improvements situated on the tract of land.

# (3)

The personal property located on the tract of land and used for the exempt purposes of the agricultural organization.
As added by P.L.148-2015, SEC.4.

Amendment history

As added by P.L.148-2015, SEC.4.

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  21. 6-1.1-10-31 · Repealed
  22. 6-1.1-10-31.1 · Repealed
  23. 6-1.1-10-31.4 · Repealed
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