1. (a) All:

   1. (1) property owned by a development authority; and

   2. (2) revenue of a development authority;

      are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5 .

2. (b) All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes.

As added by P.L.83-2020, SEC.2.