Certain exempt property under control of executor

Official textiga.in.govlast amended 1975

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.

Amendment history

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

Source: view the official text

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