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IN HB1506

Bill

Official Source

Status

Introduced

1/20/2015

Primary Sponsor

Heath VanNatter

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Eliminates the $143,160 assessed value cap on property tax deductions for veterans with total disability or veterans age 62+ with at least 10% disability
  • Allows eligible veterans to deduct $12,480 from the assessed value of tangible property, real property, mobile homes, or manufactured homes
  • Requires veterans to have served at least 90 days in U.S. military or naval forces and received an honorable discharge
  • Extends the deduction to surviving spouses of eligible veterans who meet the property ownership requirements
  • Takes effect July 1, 2015

Legislative Description

Veterans property tax deduction. Eliminates the assessed value cap of $143,160 that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability.

Last Action

First Reading: referred to Committee on Ways and Means

1/20/2015

Committee Referrals

Ways and Means1/20/2015

Full Bill Text

No bill text available