Sec. 22. All:
(1) property owned by the authority;
(2) revenues of the authority; and
(3) bonds issued by the authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder's cost of acquisition, proceeds received upon redemption before maturity, proceeds received at maturity, and the receipt of interest in proceeds;
are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.
As added by P.L.82-1985, SEC.12. Amended by P.L.21-1990, SEC.58; P.L.254-1997(ss), SEC.35; P.L.79-2017, SEC.87.
Structure Indiana Code
Article 10. Recreation, Culture, and Community Facilities
Chapter 9.1. Marion County Convention and Recreational Facilities Authority
36-10-9.1-1. Application of Chapter
36-10-9.1-2. "Authority" Defined
36-10-9.1-5. "Capital Improvement Board" Defined
36-10-9.1-6. Creation of Authority
36-10-9.1-7. Board of Directors; Members
36-10-9.1-8. Organizational Meeting; Officers; Special Meetings; Quorum
36-10-9.1-11.5. Prohibition on Certain Contract Limitations for a Project
36-10-9.1-12. Refunding of Bonds
36-10-9.1-13. Lease of Capital Improvements to Capital Improvement Board; Terms
36-10-9.1-14. Leases; Exclusivity of Provisions of This Chapter
36-10-9.1-15. Approval of Plans and Specifications
36-10-9.1-16. Common Wall Agreements
36-10-9.1-17. Lease or Sale of Property by Capital Improvement Board to the Authority
36-10-9.1-18.1. Bonds; Issuance by Authority
36-10-9.1-18.2. Bonds; Exclusivity of This Chapter
36-10-9.1-19. Investment in Bonds of Authority
36-10-9.1-20. Trust Indenture as Security for Bonds
36-10-9.1-21. Bonds; Issuance by Capital Improvement Board
36-10-9.1-23. Actions Contesting Validity of Bonds; Limitations