Not-for-profit corporation property; eligibility; application; review
Sec. 3.5. (a) A not-for-profit corporation that seeks an exemption
provided by IC 6-1.1-10 for 2000 or for a year that follows 2000 by
a multiple of two (2) years must file an application for the exemption
in that year. However, if a not-for-profit corporation seeks an
exemption provided by IC 6-1.1-10 for a year not specified in this
subsection and the corporation did not receive the exemption for the
preceding year, the corporation must file an application for the
exemption in the year for which the exemption is sought. The
not-for-profit corporation must file each exemption application in the
manner (other than the requirement for filing annually) prescribed in
section 3 of this chapter.
(b) A not-for-profit corporation that receives an exemption
provided under IC 6-1.1-10 for a particular year that remains eligible
for the exemption for the following year is only required to file a
statement to apply for the exemption in the years specified in
subsection (a), if the use of the not-for-profit corporation's property
remains unchanged.
(c) A not-for-profit corporation that receives an exemption
provided under IC 6-1.1-10 for a particular year which becomes
ineligible for the exemption for the following year shall notify the
assessor of the county in which the tangible property for which it
claims the exemption is located of its ineligibility on or before May
15 of the year for which it becomes ineligible. If a not-for-profit
corporation that is receiving an exemption provided under
IC 6-1.1-10 changes the use of its tangible property so that part or all
of that property no longer qualifies for the exemption, the
not-for-profit corporation shall notify the assessor of the county in
which the tangible property for which it claims the exemption is
located of its ineligibility on or before May 15 of the year for which
it first becomes ineligible. The county assessor shall immediately
notify the county auditor of the not-for-profit corporation's
ineligibility or disqualification for the exemption. A not-for-profit
corporation that fails to provide the notification required by this
subsection is subject to the penalties set forth in IC 6-1.1-37-9.
(d) For each year that is not a year specified in subsection (a), the
auditor of each county shall apply an exemption provided under
IC 6-1.1-10 to the tangible property owned by a not-for-profit
corporation that received the exemption in the preceding year unless
the county property tax assessment board of appeals determines that
the not-for-profit corporation is no longer eligible for the exemption.
(e) The department of local government finance may at any time
review an exemption provided under this section and determine
whether or not the not-for-profit corporation is eligible for the
exemption.
As added by P.L.65-1983, SEC.3. Amended by P.L.81-1987, SEC.1;
P.L.198-2001, SEC.33; P.L.264-2003, SEC.5.
Last modified: May 28, 2006