IN SB0166

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

Eligible individuals who do not own property or are buying property under an unrecorded contract must file a sworn statement with their county auditor to claim the credit

Credit amount is calculated as 2% of the unused portion of the veteran's property tax deduction (the difference between the maximum deduction allowed and the amount actually claimed on real property)

Once filed, the statement remains valid for subsequent years as long as the individual remains eligible, eliminating the need for annual reapplication

Effective date of July 1, 2013