Indiana § 21-31-4-3 - Application of section; tax exemption
Full text of Indiana Indiana Code § 21-31-4-3 — Application of section; tax exemption, with citation guidance and answers to common questions.
§ 21-31-4-3. Application of section; tax exemption
Sec. 3. (a) This section applies to the board of trustees of the following state educational institutions:
(1) Ball State University.
(2) Indiana University.
(3) Indiana State University.
(4) Purdue University.
(5) University of Southern Indiana.
(b) This chapter does not deny any tax exemption that a lessee would have under other laws if the lessee were the owner in fee simple of the real estate.
(c) A state educational institution is exempt from all property taxes on any real estate leased under this chapter. The lessee of real estate leased under this chapter is liable for property taxes on the leased real estate as if the real estate were owned by the lessee in fee simple, unless the lessee is a student living in facilities owned by the state educational institution.
[Pre-2007 Higher Education Recodification Citations: 20-12-1-2(c); 20-12-1-2(b) part.]
As added by P.L.2-2007, SEC.272.
IC 21-31-5Chapter 5. Lease of Property for Military Training
21-31-5-1Application of chapter 21-31-5-2Authority to lease for the establishment of military, naval, or scientific training schools 21-31-5-3Lease; criteria 21-31-5-4Authority to lease land acquired from a trust
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-31-4-3
What does Indiana Code § 21-31-4-3 cover?
Section 21-31-4-3 ("Application of section; tax exemption") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-31-4-3?
A common citation format is "Indiana Code § 21-31-4-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-31-4-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.