All:(1) the:(A) property acquired under authority of this article or used for the purposes provided for in this article; and(B) income from property described in clause (A);are exempt from all taxation in Indiana; and(2) bonds issued under the authority of this article, the interest on the bonds, and the proceeds of the bonds are exempt from taxation to the extent provided in IC 6-8-5.[Pre-2007 Higher Education Recodification Citation: 20-12-6-11.]As added by P.L.2-2007, SEC.275.
Indiana Legal Code