Section 6-1.1-10-3 - Bridges and tangible appurtenant property(a) A bridge, including the tangible property appurtenant to it, is exempt from property taxation if:(1) the bridge is constructed: (A) entirely within this state and across a navigable stream; or(B) across a stream forming a boundary of this state;(2) the bridge is owned by a state or a political subdivision of a state; and(3) the bridge: (A) is (except as provided in subsection (b) of this section) operated free of tolls; or(B) was authorized or consented to by an act of Congress.(b) The exemption provided in this section may not be denied because tolls are charged if the tolls are levied: (1) to establish a sinking fund for the cost, including interest and other financing charges, of the bridge and its approaches; or(2) to provide for the proper maintenance, repair, and operation of the bridge and its approaches.Pre-1975 Property Tax Recodification Citation: 6-1-14-1.
Amended by P.L. 42-2011, SEC. 5, eff. 4/20/2011.Formerly: Acts1975 , P.L. 47, SEC.1.