HB 1190 Summary

• Allows Indiana county fiscal bodies to adopt ordinances providing a $18,720 property tax deduction for veterans who served during World War II (December 7, 1941 – December 31, 1946), the Korean Conflict (June 27, 1950 – January 31, 1955), or the Vietnam Conflict (August 5, 1964 – May 7, 1975), subject to the same procedures and eligibility limits as existing World War I veteran deductions.

• Extends the same $18,720 property tax deduction to surviving spouses of deceased veterans from World War II, the Korean Conflict, and the Vietnam Conflict, equivalent to the current deduction for surviving spouses of World War I veterans.

• Requires eligible veterans and surviving spouses to own property as their principal residence (assessed value not exceeding $206,500), own it for at least one year before claiming the deduction, and submit documentation from the U.S. Department of Veterans Affairs proving military service and honorable discharge.

• Allows county fiscal bodies to repeal deduction ordinances, but properties previously receiving the deduction remain eligible as long as the owner and property continue to qualify, notwithstanding the ordinance repeal.

• Effective July 1, 2016, with provisions applying to assessment dates after December 31, 2016.