CHAPTER 8. TAXATION OF OPERATORS
IC 8-15.5-8
Chapter 8. Taxation of Operators
IC 8-15.5-8-1
Property tax exemption
Sec. 1. A toll road project and tangible personal property used
exclusively in connection with a toll road project that are:
(1) owned by the authority and leased, franchised, licensed, or
otherwise conveyed to an operator; or
(2) acquired, constructed, or otherwise provided by an operator
in connection with the toll road project;
under the terms of a public-private agreement are considered to be
public property devoted to an essential public and governmental
function and purpose and the property, and an operator's leasehold
estate, franchise, license, and other interests in the property, are
exempt from all ad valorem property taxes and special assessments
levied against property by the state or any political subdivision of the
state.
As added by P.L.47-2006, SEC.39.
IC 8-15.5-8-2
Taxation of income received by operator
Sec. 2. Income received by an operator under the terms of a
public-private agreement is subject to taxation in the same manner as
income received by other private entities.
As added by P.L.47-2006, SEC.39.
IC 8-15.5-8-3
Sales tax on purchases by operator
Sec. 3. An operator or any other person purchasing tangible
personal property for incorporation into or improvement of a
structure or facility constituting or becoming part of the land
included in the toll road project is not exempt from the application
of the gross retail or use tax under IC 6-2.5 with respect to such a
purchase.
As added by P.L.47-2006, SEC.39.