IN HB1576

Allows disabled veterans, surviving spouses of disabled veterans, and World War I veterans (or their surviving spouses) to claim a credit against the annual motor vehicle excise tax even if they do not own real or personal property against which they could claim a property tax deduction

Eligible individuals who do not own property must file a sworn statement with the county auditor during the year they wish to claim the credit; once filed, they do not need to refile in subsequent years if they remain eligible

The excise tax credit is calculated as 2% of the unused portion of the applicable property tax deduction (the maximum deduction minus any amount actually claimed on property)

Removes the existing requirement that veterans must own property and have a remaining property tax deduction in order to qualify for a credit against the motor vehicle excise tax

Effective date: July 1, 2013