(a) A bridge, including the tangible property appurtenant to it, is exempt from property taxation if:(1) the bridge is constructed:(A) entirely within this state and across a navigable stream; or(B) across a stream forming a boundary of this state;(2) the bridge is owned by a state or a political subdivision of a state; and(3) the bridge:(A) is (except as provided in subsection (b) of this section) operated free of tolls; or(B) was authorized or consented to by an act of Congress.(b) The exemption provided in this section may not be denied because tolls are charged if the tolls are levied:(1) to establish a sinking fund for the cost, including interest and other financing charges, of the bridge and its approaches; or(2) to provide for the proper maintenance, repair, and operation of the bridge and its approaches.[Pre-1975 Property Tax Recodification Citation: 6-1-14-1.]Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.42-2011, SEC.5.
Indiana Legal Code