HB 1095 Summary

• Allows owners of eligible mortise and tenon barns to receive a 100% deduction against the assessed value of the structure and foundation.

• Defines an eligible barn as one built before 1936 using heavy wooden timbers joined with wood-pegged mortise and tenon joinery, maintaining substantially the same size and design, and currently used predominantly for agricultural purposes.

• Requires eligible applicants to file a certified deduction application with the county auditor during the year preceding when the deduction will first be applied.

• Automatically continues the deduction in subsequent years unless the applicant becomes ineligible; applicants need not reapply annually.

• Takes effect immediately upon passage.