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IN HB1257
Bill
Status
1/10/2017
Primary Sponsor
Heath VanNatter
Click for details
AI Summary
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Eliminates the $175,000 assessed value cap for Indiana property tax deductions for eligible veterans.
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Applies to veterans with total disability or veterans age 62+ with at least 10% disability rating.
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Veterans must have served at least 90 days in U.S. military or naval forces and received honorable discharge.
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Extends deduction eligibility to surviving spouses of qualifying deceased veterans.
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Effective January 1, 2018, for assessment dates after December 31, 2017.
Legislative Description
Veterans property tax deduction. Eliminates the assessed value cap of $175,000 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
1/10/2017