Nonprofit corporations supporting fine arts
Sec. 18. (a) Tangible property is exempt from property taxation
if it is owned by an Indiana not-for-profit corporation which is
organized and operated for the primary purpose of coordinating,
promoting, encouraging, housing, or providing financial support to
activities in the field of fine arts.
(b) For purposes of this section, the field of fine arts includes, but
is not limited to, the following art forms:
(1) classical, semi-classical, or modern instrumental and vocal
music;
(2) classical dance, including ballet, modern adaptations of formal
dance, and ethnic dance;
(3) painting, drawing, and the graphic arts;
(4) sculpture;
(5) architecture;
(6) drama and musical theater.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006