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IN HB1180
Bill
Status
1/9/2017
Primary Sponsor
Clyde Kersey
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AI Summary
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Increases the taxable gross income limitation for the residential real property tax deduction for blind individuals and individuals with disabilities from $17,000 to $22,000 for assessment dates after December 31, 2016.
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Allows a $12,480 deduction from assessed property value for eligible blind or disabled individuals who own or are purchasing their principal residence.
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Requires that taxable gross income in the preceding calendar year does not exceed $22,000 for assessment dates after December 31, 2016 (or $17,000 for assessment dates before January 1, 2017).
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Defines "blind" according to IC 12-7-2-21(1) and "individual with a disability" as a person unable to engage in substantial gainful activity due to a medically determinable physical or mental impairment expected to last at least 12 months or result in death.
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Effective January 1, 2017, with retroactive application to assessment dates after December 31, 2016.
Legislative Description
Blind and disabled property tax deduction. Increases, from $17,000 to $22,000, the taxable gross income limitation for the residential real property tax deduction for an individual who is blind or is an individual with a disability beginning with the January 1, 2017, assessment date.
Last Action
First reading: referred to Committee on Ways and Means
1/9/2017