Ind. Code § 6-1.1-10-42

Current through P.L. 171-2024

Section 6-1.1-10-42 - Small business incubator program

(a) A corporation that is:

(1) nonprofit; and

(2) participates in the small business incubator program under IC 5-28-21;

is exempt from property taxation to the extent of tangible property used for small business incubation.

(b) A corporation that wishes to obtain an exemption from property taxation under this section must file an exemption application under IC 6-1.1-11.

IC 6-1.1-10-42

As added by P.L. 178-2002, SEC.14. Amended by P.L. 4-2005, SEC.35.