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.
Leased waterworks facilities; tax exemptions
Ind. Code § 8-1.5-2-31, under Chapter 2. Transfer, Acquisition, and Improvement of Utilities by Municipalities.
Ind. Code § 8-1.5-2-31