6-1.1-10-37.8. Homeowners associations; held for use, benefit, or enjoyment of members

IN Code § 6-1.1-10-37.8 (2019) (N/A)
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Sec. 37.8. For assessment dates after December 31, 2015, tangible personal property is exempt from property taxation if that tangible personal property:

(1) is owned by a homeowners association (as defined in IC 32-25.5-2-4); and

(2) is held by the homeowners association for the use, benefit, or enjoyment of members of the homeowners association.

As added by P.L.203-2016, SEC.2.