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IN SB0281
Bill
Status
1/7/2016
Primary Sponsor
Michael Delph
Click for details
AI Summary
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Eliminates the $70 cap on motor vehicle excise tax credits for eligible veterans who do not own qualifying property, making the credit equal to the full excise tax liability beginning January 1, 2017.
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Applies to three categories of veterans: those with 10% or more service-connected disability from any U.S. war; those with 90+ days of service with total disability or age 62+ with 10%+ disability; and surviving spouses of eligible veterans or World War I veterans.
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Requires veterans to provide an affidavit from the county auditor confirming they do not own property qualifying for deductions under IC 6-1.1-12-13, 12-14, or 12-16.
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Limits credit to a maximum of two motor vehicles per individual and prohibits claiming both this credit and an alternative excise tax credit under section 5(b).
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Effective upon passage for registration years beginning after December 31, 2016, with an emergency declaration included in the bill.
Legislative Description
Motor vehicle excise tax credit. Provides that, beginning January 1, 2017, the motor vehicle excise tax credit for veterans who do not own property to which certain property tax deductions may be applied is equal to the motor vehicle excise tax liability for the veteran's vehicle. (Current law provides that the credit is equal to the lesser of the amount of the excise tax liability for the vehicle or $70.)
Last Action
First reading: referred to Committee on Tax & Fiscal Policy
1/7/2016