8-1.5-2-31. Leased waterworks facilities; tax exemptions

IN Code § 8-1.5-2-31 (2019) (N/A)
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Sec. 31. All waterworks facilities leased by a lessor contracting with a municipality under this chapter are exempt from all state, county, and other taxes. However, the rental paid to a lessor under the terms of such a lease is subject to all applicable taxes.

As added by Acts 1982, P.L.74, SEC.1.