Section 6-1.1-10-26 - County or district agricultural associations(a) Subject to the limitations contained in subsection (b), the following tangible property is exempt from property taxation if it is owned by a county or district agricultural association of this state: (1) A tract of land not exceeding eighty (80) acres.(2) The improvements situated on the tract of land.(b) This exemption does not apply unless: (1) the association is organized under IC 15-14-3-1; and(2) the property is exclusively used and occupied for the purposes specified in IC 15-14-3-1.Pre-1975 Property Tax Recodification Citation: 6-1-1-2(7) part.
Amended by P.L. 86-2018,SEC. 40, eff. 3/15/2018.Formerly: Acts1975 , P.L. 47, SEC.1.