Loading chat...

IN HB1199

Bill

Official Source

Status

Introduced

1/9/2018

Primary Sponsor

Heath VanNatter

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Eliminates the $175,000 assessed value cap on property tax deductions for veterans with a total disability or those at least 62 years old with at least 10% disability.
  • Veterans remain eligible for a $12,480 deduction from assessed value if they served at least 90 days in U.S. military forces, received an honorable discharge, and meet disability requirements.
  • Disability must be evidenced by either a U.S. Department of Veterans Affairs pension certificate or compensation award, or a certificate of eligibility from the Indiana Department of Veterans' Affairs.
  • Surviving spouses of eligible veterans may continue receiving the deduction if the veteran met all requirements at death and the spouse owns or is buying the property.
  • Effective January 1, 2019, for assessment dates after December 31, 2018.

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

1/9/2018

Committee Referrals

Ways and Means1/9/2018

Full Bill Text

No bill text available