Sec. 7. Property is exempt from property taxation if it is owned by a non-profit corporation which is engaged in the sale and distribution of water. However, this exemption only applies if the corporation is operated on a not-for-profit basis. [Pre-1975 Property Tax Recodification Citation: 6-1-1-2(23).] Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.65-1983, SEC.1.
Nonprofit water companies
Ind. Code § 6-1.1-10-7, under Chapter 10. Exemptions.
Ind. Code § 6-1.1-10-7