Loading chat...

IN HB1375

Bill

Official Source

Status

Introduced

1/13/2016

Primary Sponsor

David Niezgodski

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

HB 1375 Summary

  • Increases the assessed value cap for veteran property tax deductions from $143,160 to $195,600
  • Applies to veterans with a total disability or veterans age 62+ with at least 10% disability rating
  • Eligible veterans must have served at least 90 days in U.S. military/naval forces and received an honorable discharge
  • Disability must be evidenced by U.S. Department of Veterans Affairs pension certificate, compensation award, or Indiana Department of Veterans' Affairs certificate of eligibility
  • Effective January 1, 2016, retroactively for all assessment dates after December 31, 2015

Legislative Description

Property tax deduction for veterans with a disability. Increases the assessed value cap (from $143,160 to $195,600) that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) has at least a 10% disability and is at least 62 years of age.

Last Action

First reading: referred to Committee on Ways and Means

1/13/2016

Committee Referrals

Ways and Means1/13/2016

Full Bill Text

No bill text available