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6-1.1-10-32. Certain exempt property under control of executor

IN Code § 6-1.1-10-32 (2019) (N/A)
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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.

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6-1.1-10-33. Certain exempt property under control of executor or trustee