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IN HB1466

Bill

Official Source

Status

Introduced

1/15/2019

Primary Sponsor

Heath VanNatter

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Eliminates the $175,000 assessed value cap on property tax deductions for disabled veterans, allowing veterans with qualifying properties of any value to claim the deduction
  • Qualifying veterans must have served at least 90 days in U.S. military or naval forces, received an honorable discharge, and either have a total disability or be at least 62 years old with at least 10% disability
  • The deduction amount is $12,480 from the assessed value of real property, mobile homes, or manufactured homes owned by the veteran
  • Surviving spouses of qualifying veterans remain eligible for the deduction regardless of whether the property was owned before the veteran's death
  • Effective January 1, 2020, applying to assessment dates after December 31, 2019

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

1/15/2019

Committee Referrals

Ways and Means1/15/2019

Full Bill Text

No bill text available