CHAPTER 7. TAXATION OF OPERATORS
IC 8-15.7-7
Chapter 7. Taxation of Operators
IC 8-15.7-7-1
Property tax exemption
Sec. 1. A project under this article and tangible personal property
used exclusively in connection with a project that are:
(1) owned by the authority or the department and leased,
licensed, financed, or otherwise conveyed to an operator; or
(2) acquired, constructed, or otherwise provided by an operator
on behalf of the authority or the department;
under the terms of a public-private agreement are considered to be
public property devoted to an essential public and governmental
function and purpose. The property, and an operator's leasehold
estate or 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.40.
IC 8-15.7-7-2
Sales tax exemption for certain purchases
Sec. 2. 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 a project is entitled to the exemption from gross retail tax
and use tax provided under IC 6-2.5-4-9(b) and IC 6-2.5-3-2(c),
respectively, with respect to that tangible personal property.
As added by P.L.47-2006, SEC.40.
IC 8-15.7-7-3
Taxation of income received by operator
Sec. 3. 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.40.