IN HB1147

Allows disabled veterans, surviving spouses of veterans, and World War I veterans to claim a credit against the annual motor vehicle license excise tax regardless of whether they own other real or personal property against which they could claim a veteran property tax deduction

Establishes a formula for calculating the excise tax credit: the maximum property tax deduction amount minus any deduction actually claimed, multiplied by 2%

Designates the Indiana Department of Veterans' Affairs as the agency responsible for verifying military service and disability requirements for veteran tax benefits, requiring the department to issue certificates of eligibility

Transitions eligibility verification from U.S. Department of Veterans Affairs documents (pension certificates, compensation awards, disability checks) to Indiana Department of Veterans' Affairs certificates, effective January 1, 2014

Authorizes the Indiana Department of Veterans' Affairs to maintain a database of eligibility certificates accessible to county auditors, the Bureau of Motor Vehicles, and other governmental entities administering veteran tax benefits