Taxation of annuities

Ind. Code § 4-24-2-5, under Chapter 2. Gifts; Acceptance and Return of Annuity to Donor Authorized.

Ind. Code § 4-24-2-5

Sec. 5. All annuities provided for under this chapter shall be free of all taxation for any or all purposes within the state of Indiana. Formerly: Acts 1917, c.20, s.5. As amended by P.L.136-2018, SEC.11.

IC 4-24-2-6 Unacceptable gifts Sec. 6. An institution may not be the recipient of a gift, whether on the payment of an annuity or otherwise, that pledges the institution to perform any acts other than acts that the institution is authorized by law to perform. [Pre-2007 Higher Education Recodification Citation: 4-24-2-6 part.] Formerly: Acts 1917, c.20, s.6. As amended by P.L.2-2007, SEC.59.