Nonprofit water companies
Sec. 7. Property is exempt from property taxation if it is owned by
a non-profit corporation which is engaged in the sale and distribution
of water. However, this exemption only applies if the corporation is
operated on a not-for-profit basis.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.65-1983,
SEC.1.
Last modified: May 28, 2006