IN SB0283

Increases the assessed value cap for the veteran's property tax deduction from $143,160 to $195,600 under Indiana Code 6-1.1-12-14.

Applies to veterans who have a total disability or who are at least 62 years old and have at least a 10% disability.

Becomes effective March 1, 2014 with retroactive application to assessment dates after February 28, 2014.

The deduction of $12,480 applies to tangible property, real property, mobile homes, or manufactured homes that qualifying veterans own or are purchasing under contract.

Section 2 of the amendment expires July 1, 2018.