Exemption of lessor corporation property from taxes

Sec. 21. Property owned by a lessor corporation entering into a lease with a school corporation, school corporations, or the public education school corporation under this chapter, and all stock and other securities (including the interest or dividends) issued by a lessor corporation, are exempt from all state, county, and other taxes, except the financial institutions tax (IC 6-5.5). [Pre-2006 Recodification Citation: 21-5-11-14.] As added by P.L.2-2006, SEC.170. Amended by P.L.79-2017, SEC.67; P.L.101-2026, SEC.38.