Sec. 21. Tax Exempt Status. The authority shall not be required to pay any taxes and assessments to the state, or any county, municipality or other governmental subdivision of the state, upon any of its property or upon its obligations or other evidences of indebtedness pursuant to the provisions of this chapter, or upon any moneys, funds, revenues or other income held or received by the authority, and the notes and bonds of the authority and the income therefrom shall at all times be exempt from taxation imposed by the state, except for death and gift taxes and taxes on transfers. Real property owned by the authority shall be exempt from all property taxation and special assessments of the state or political subdivisions thereof, but the authority may agree to pay, in lieu of such taxes, such amounts as the authority finds consistent with the cost to the state or political subdivision of supplying municipal services for such real property and any housing development constructed thereon, which payments such bodies are authorized to accept.
As added by Acts 1978, P.L.28, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 1. Indiana Housing and Community Development Authority
5-20-1-1. Legislative Findings and Declaration of Public Policy
5-20-1-4. Powers of the Authority
5-20-1-4.5. Housing for Special Needs Populations; Allocation of Federal Low Income Housing Credits
5-20-1-8. Authorization to Use Revenue Bond Financing; Approval of Public Finance Director Required
5-20-1-9. Trust Agreements to Secure Authority Obligations
5-20-1-10. Pledge of Authority Assets to Obligations of the Authority
5-20-1-11. Receipts as Trust Funds; Investment
5-20-1-12. Enforcement of Authority Duties; Rights of Holders of Authority Obligations
5-20-1-13. Declaration of Negotiability of Authority Obligations
5-20-1-14. Authority Obligations as Authorized Investments
5-20-1-15. Authorization for Issuance of Refunding Obligations
5-20-1-16. Capital Reserve Fund
5-20-1-17. State Power to Alter Authority; Pledge Against Impairment of Authority Contracts
5-20-1-18. Annual Report; Annual Audit
5-20-1-19. Limitation of Liability; Authority Members or Officers
5-20-1-20. Authority to Accept and Expend Funds
5-20-1-22. Disclosure of Conflicts of Interest
5-20-1-23. Authority Assets; Disposition Upon Termination or Dissolution
5-20-1-24. Chapter as Supplemental to Other Laws
5-20-1-25. Liberal Construction