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IN HB1077

Bill

Official Source

Status

Introduced

1/3/2019

Primary Sponsor

Charles Moseley

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Disabled veterans who rent their principal residence may claim an additional deduction from adjusted gross income on top of the standard renter's deduction
  • The additional deduction is calculated by multiplying the standard renter's deduction amount by the veteran's VA disability rating percentage, capped at $3,000
  • Married couples filing jointly must use the higher disability rating if spouses have different ratings, and are limited to one $3,000 additional deduction per return
  • The deduction does not apply to renters in dwellings exempt from Indiana property tax
  • Effective January 1, 2020, applying to taxable years beginning after December 31, 2019

Legislative Description

Renter's deduction for disabled veterans. Allows a disabled veteran who rents a dwelling for use as the disabled veteran's principal place of residence to claim an additional renter's deduction from the disabled veteran's adjusted gross income. Provides that the additional deduction may not exceed $3,000.

Last Action

Representative Frye added as coauthor

1/15/2019

Committee Referrals

Ways and Means1/3/2019

Full Bill Text

No bill text available