Loading chat...
IN SB0302
Bill
Status
1/7/2019
Primary Sponsor
Lonnie Randolph
Click for details
AI Summary
-
Adjusts the $175,000 assessed value limit for the disabled veteran property tax deduction to increase annually based on the Consumer Price Index for all Urban Consumers, starting for assessment dates after December 31, 2019
-
Eligible 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
-
Provides a $12,480 deduction from assessed value of real property, mobile homes, or manufactured homes owned by qualifying disabled veterans
-
Surviving spouses of eligible disabled veterans may also receive the deduction if the veteran met the service and disability requirements at the time of death
-
Amends IC 6-1.1-12-14 with an effective date of July 1, 2019
Legislative Description
Assessed value deduction for disabled veterans. Increases the assessed value limit for the disabled veteran deduction by the annual percentage increase in the consumer price index for assessment dates after December 31, 2019.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/7/2019