United States property
Sec. 1. (a) The property of the United States and its agencies and
instrumentalities is exempt from property taxation to the extent that
this state is prohibited by law from taxing it. However, any interest
in tangible property of the United States shall be assessed and taxed
to the extent this state is not prohibited from taxing it by the
Constitution of the United States.
(b) If the United States provides for the payment of money in lieu
of property taxes upon tangible property which is exempt from
taxation, the payment shall be made to and settled by the department
of local government finance. The department of local government
finance may make appraisements, assessments, and agreements and
may do all acts necessary to the ascertainment, settlement, and
collection of such a payment. The department of local government
finance may distribute amounts so received to the taxing units that
would be entitled to the money if the payment were for taxes upon
the property. However, if the payment is made by the United States
for the rendition of a particular service, the department of local
government finance shall distribute the payment to the taxing unit
which rendered the service. Where payment is made for a service, the
department of local government finance may not make a settlement
with the United States without the prior approval of the taxing unit
involved.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.90-2002,
SEC.99.
Last modified: May 28, 2006