HB 1030 Summary

• Allows disabled veterans, surviving spouses of disabled veterans, and World War I veterans to claim a credit against annual motor vehicle excise tax without owning other real or personal property.

• Eligible veterans and surviving spouses must file a statement with the county auditor during the year they wish to claim the credit, containing a sworn declaration of eligibility.

• Credit amount is calculated by taking the maximum allowable property tax deduction, subtracting any deduction actually claimed on real or personal property, and multiplying the result by 2%.

• Once an eligible veteran or surviving spouse receives the credit in a year and remains eligible, no additional statement is required for subsequent years.

• Effective retroactively to January 1, 2013.