Tangible property owned, occupied, or used by a for-profit provider of early childhood education services to children who are less than six (6) years of age is exempt from property taxation under section 16 of this chapter only if all the following requirements are satisfied:

1. (1) The provider, or a parent company, subsidiary, or affiliate company of the provider, is the property owner.
2. (2) The provider predominantly occupies and uses the tangible property for providing early childhood education services to children who are less than six (6) years of age.
3. (3) The provider meets the standards of quality recognized by a Level 3 or Level 4 Paths to QUALITY program rating under IC 12-17.2-2-14.2 or has a comparable rating from a nationally recognized accrediting body.

4. (4) The provider offers age appropriate curriculum for all children who are less than six (6) years of age, including infants, who attend the child care facility. The curriculum offered must include reading to the children.

   However, the exemption provided by this section does not apply to tangible property that has been granted a homestead standard deduction under IC 6-1.1-12-37 .

As added by P.L.151-2014, SEC.3. Amended by P.L.130-2018, SEC.22; P.L.230-2025, SEC.29.