50 IAC 4.2-11.1-5
50 IAC 4.2-11.1-5 Waiver of exemption
Cite as Ind. Admin. Code tit. 50, r. 4.2-11.1-5
Sec. 5. An exemption is a privilege which may be waived by a person who owns property that would qualify for the exemption. If the owner
does not comply with the statutory procedures for obtaining an exemption, it waives the exemption. If the exemption is waived, the property is subject
to taxation (IC 6-1.1-11-1).