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IN SB0414
Bill
Status
1/10/2018
Primary Sponsor
Rick Niemeyer
Click for details
AI Summary
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Adds IC 6-1.1-12-47 to provide property owners with a 100% deduction from assessed property value if they lease residential property to a veteran.
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Requires lease terms of at least 1 year, owner collaboration with a veterans organization, and the veteran to use the property as their principal place of residence.
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Applies only to single-family dwellings with up to 1 acre of surrounding land or apartment units.
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Requires property owners to file a certified deduction application with the county auditor by January 5 of the year following the assessment date.
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Takes effect January 1, 2019 and expires July 1, 2022.
Legislative Description
Property tax deduction for landlords of veterans. Provides a property tax deduction to an owner of real property that uses the owner's real property to provide rental housing to a veteran.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/10/2018