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IN SB0283
Bill
Status
1/4/2018
Primary Sponsor
Philip Boots
Click for details
AI Summary
Senate Bill No. 283 Summary
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Provides a tax credit equal to 10% of annual rent paid for qualified veterans who rent their principal residence, effective for taxable years beginning after December 31, 2018.
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Defines "qualified veteran" as an individual who served in U.S. military or naval forces during wartime, received an honorable discharge, and has a service-connected disability of 10% or more documented by federal or state certification.
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Allows qualified veterans to claim both the rental tax credit and existing deductions under IC 6-3-2-6 to the extent of their eligibility.
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Requires the Indiana veterans' affairs commission to collaborate with the state personnel department and department of workforce development to recruit active military personnel during their final 6 months of service to live and work in Indiana after discharge, effective July 1, 2018.
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Authorizes the commission to partner with state and federal agencies, nonprofits, faith-based organizations, and universities to develop marketing packages, financial incentives, job training, relocation assistance, and home purchasing assistance for recently discharged military service personnel.
Legislative Description
Veterans matters. Provides for a tax credit against a qualified veteran's adjusted gross income tax liability each taxable year to a qualified veteran who rents a dwelling as a principal place of residence equal to 10% of the rent paid by the qualified veteran during the taxable year. Requires the Indiana veterans' affairs commission, in collaboration with the state personnel department and the department of workforce development, to recruit active military service personnel during the final six months of their military service to live and work in Indiana at the conclusion of their miliary service.
Last Action
First reading: referred to Committee on Veterans Affairs and The Military
1/4/2018