Manual labor, technical, or trade schools; colleges
Sec. 20. Tangible property is exempt from property taxation if it
is:
(1) owned by a manual labor school, a technical high school, a
trade school, or a college which is incorporated within this
state; and
(2) used, and in the case of real property actually occupied, for
the purpose for which the institution is incorporated.
However, the institution's real property which is exempt from
taxation under this section may not exceed eight hundred (800) acres
in any one (1) county of this state.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by Acts 1977,
P.L.2, SEC.18.
Last modified: May 28, 2006