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IN HB1623
Bill
Status
1/22/2019
Primary Sponsor
Ryan Lauer
Click for details
AI Summary
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Veterans classified as "individually unemployable" by the U.S. Department of Veterans Affairs become eligible for a 100% property tax deduction, and the assessed value limit for veteran property tax deductions increases from $175,000 to $195,000 for assessments after 2018.
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Surviving spouses of military personnel who died while serving receive a new $18,720 property tax deduction on their primary residence.
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State income tax deduction for military service income doubles from $5,000 to $10,000, effective January 1, 2020.
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Two new state funds are created: the Veterans Service Officer Fund (providing up to $15,000 per county annually for veterans service officer salaries) and the Veterans Service Officer Training Fund (reimbursing training and accreditation expenses).
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Children of veterans or active duty military personnel become eligible for tuition and fee exemptions at Indiana state educational institutions for up to 124 credit hours, available to those under age 32 who maintain satisfactory academic progress.
Legislative Description
Veterans. Provides that a veteran who is classified as individually unemployable is entitled to a property tax deduction. Increases the limit of the gross assessed value below which the veteran's property tax deduction is allowable for a veteran who is totally disabled, is at least 62 years of age and has a disability of at least 10%, or is classified as individually unemployable by the department of veterans affairs. Provides that the surviving spouse of an individual who dies while serving in the military or naval forces of the United States is entitled to a property tax deduction. Provides a state income tax deduction for all military service income received by an individual or the individual's surviving spouse. Creates the veterans service officer fund. Allows the department of veterans affairs to award grants for treatment for drug addiction recovery and mental health services. Creates the veterans service officer training fund. Provides for tuition remission at state educational institutions for children of veterans and children of individuals currently serving in or on active duty in the armed forces or their reserves, the Indiana National Guard, and the National Guard.
Last Action
First reading: referred to Committee on Ways and Means
1/22/2019