Indiana Code - Taxation - Title 6, Section 6-2.5-5-23

School building materials

Sec. 23. Transactions involving tangible personal property are
exempt from the state gross retail tax, if the person acquiring the
property acquires it for incorporation into a school building which is
being constructed by a lessor corporation in accordance with a lease
executed under IC 21-5-11 or IC 21-5-12.

As added by Acts 1980, P.L.52, SEC.1.

Last modified: May 28, 2006