Nonprofit water companies

Official textiga.in.govlast amended 1983

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.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.65-1983, SEC.1.

Source: view the official text

Nearby sections (25 sections)

6-1.1-9-6 · Discovering undervalued or omitted property; examination of
6-1.1-9-7 · Examination of records; expenses
6-1.1-9-8 · Repealed
6-1.1-9-9 · Petition to department of local government finance not
6-1.1-9-10 · Correction of overreporting
6-1.1-10-1 · United States property
6-1.1-10-2 · State property; property leased to a state agency
6-1.1-10-3 · Bridges and tangible appurtenant property
6-1.1-10-4 · Political subdivision property
6-1.1-10-5 · Municipal property
6-1.1-10-5.5 · Urban homesteading property
6-1.1-10-6 · Municipally owned water company property
6-1.1-10-7 · Nonprofit water companies
6-1.1-10-8 · Nonprofit sewage disposal company
6-1.1-10-9 · Industrial waste control facilities
6-1.1-10-10 · Industrial waste control facilities; claiming exemption;
6-1.1-10-11 · Appeal of industrial waste control facility exemption
6-1.1-10-12 · Stationary or unlicensed mobile air pollution control…
6-1.1-10-13 · Stationary or unlicensed mobile air pollution control…
6-1.1-10-14 · Industrial waste control facility; stationary air…
6-1.1-10-15 · Public airports
6-1.1-10-15.5 · Commercial passenger aircraft; resolution required;…
6-1.1-10-16 · Exemption of building, land, and personal property used…
6-1.1-10-16.5 · Nonprofit corporation property located under or…
6-1.1-10-16.7 · Real property exemption; expiration

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