Section 6-1.1-10-18.5 - Nonprofit corporation property used in operation of health facility or home for the aged(a) This section does not exempt from property tax an office or a practice of a physician or group of physicians that is owned by a hospital licensed under IC 16-21-2 or other property that is not substantially related to or supportive of the inpatient facility of the hospital unless the office, practice, or other property:(1) provides or supports the provision of charity care (as defined in IC 16-18-2-52.5), including funds or other financial support for health care services for individuals who are indigent (as defined in IC 16-18-2-52.5(b) and IC 16-18-2-52.5(c)); or(2) provides or supports the provision of community benefits (as defined in IC 16-21-9-1), including research, education, or government sponsored indigent health care (as defined in IC 16-21-9-2). However, participation in the Medicaid or Medicare program, alone, does not entitle an office, a practice, or other property described in this subsection to an exemption under this section.
(b) Tangible property is exempt from property taxation if it is:(1) owned by an Indiana nonprofit corporation; and(2) used by that corporation in the operation of a hospital licensed under IC 16-21, a health facility licensed under IC 16-28, or in the operation of a residential facility for the aged and licensed under IC 16-28, or in the operation of a Christian Science home or sanatorium.(c) Property referred to in this section shall be assessed to the extent required under IC 6-1.1-11-9.Amended by P.L. 156-2011, SEC. 3, eff. 7/1/2011.Amended by P.L. 197-2011, SEC. 33, eff. 7/1/2011.As added by Acts1978 , P.L. 30, SEC.1. Amended by Acts1982 , P.L. 29, SEC.2; P.L. 66-1983, SEC.1; P.L. 2-1993, SEC.53; P.L. 25-1995, SEC.14; P.L. 198-2001, SEC.29.