Indiana Code - Taxation - Title 6, Section 6-1.1-6-15

Minerals on land; assessment

Sec. 15. If any oil, gas, stone, coal, or other mineral is obtained
from land which is classified as native forest land or as a forest
plantation, the parcel shall immediately be assessed for the oil, gas,
stone, coal, or other mineral wealth. The assessed value of the
mineral wealth shall then be placed on the tax duplicate.
(Formerly: Acts 1975, P.L.47, SEC.1.)

Last modified: May 28, 2006