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 propertyused 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 operatoron behalf of the authority or the department;
under the terms of a public-private agreement are considered to bepublic property devoted to an essential public and governmentalfunction and purpose. The property, and an operator's leaseholdestate or interests in the property, are exempt from all ad valoremproperty taxes and special assessments levied against property by thestate 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 tangiblepersonal property for incorporation into or improvement of astructure or facility constituting or becoming part of the landincluded in a project is entitled to the exemption from gross retail taxand 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 apublic-private agreement is subject to taxation in the same manner asincome received by other private entities.
As added by P.L.47-2006, SEC.40.