A building and the land on which the building is located are exempt from property taxation if:(1) the building is used for the purpose of gratuitously dispensing medicines and medical advice and aid to people; and(2) the real property is owned by a corporation, institution, or association which exists exclusively for that charitable purpose.[Pre-1975 Property Tax Recodification Citation: 6-1-1-2(15).]Formerly: Acts 1975, P.L.47, SEC.1.
Indiana Legal Code