Small business incubator program
Sec. 42. (a) A corporation that is:
(1) nonprofit; and
(2) participates in the small business incubator program under
IC 5-28-21;
is exempt from property taxation to the extent of tangible property
used for small business incubation.
(b) A corporation that wishes to obtain an exemption from
property taxation under this section must file an exemption
application under IC 6-1.1-11.
As added by P.L.178-2002, SEC.14. Amended by P.L.4-2005,
SEC.35.
Last modified: May 28, 2006