Indiana 2022 Regular Session

Indiana Senate Bill SB0218 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	SENATE BILL No. 218
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-1.1-12-14.
7	7	Synopsis: Property tax exemption for qualified veterans. Provides a
8	8	property tax deduction for an individual or surviving spouse of an
9	9	individual who has been rated by the United States Department of
10	10	Veterans Affairs as individually unemployable.
11	11	Effective: July 1, 2022.
12	12	Mrvan
13	13	January 6, 2022, read first time and referred to Committee on Tax and Fiscal Policy.
14	14	2022 IN 218—LS 6598/DI 116 Introduced
15	15	Second Regular Session of the 122nd General Assembly (2022)
16	16	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
17	17	Constitution) is being amended, the text of the existing provision will appear in this style type,
18	18	additions will appear in this style type, and deletions will appear in this style type.
19	19	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
20	20	provision adopted), the text of the new provision will appear in this style type. Also, the
21	21	word NEW will appear in that style type in the introductory clause of each SECTION that adds
22	22	a new provision to the Indiana Code or the Indiana Constitution.
23	23	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
24	24	between statutes enacted by the 2021 Regular Session of the General Assembly.
25	25	SENATE BILL No. 218
26	26	A BILL FOR AN ACT to amend the Indiana Code concerning
27	27	taxation.
28	28	Be it enacted by the General Assembly of the State of Indiana:
29	29	1 SECTION 1. IC 6-1.1-12-14, AS AMENDED BY P.L.159-2020,
30	30	2 SECTION 17, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31	31	3 JULY 1, 2022]: Sec. 14. (a) Except as provided in subsection (c) and
32	32	4 except as provided in section 40.5 of this chapter, an individual may
33	33	5 have the sum of fourteen thousand dollars ($14,000) deducted from the
34	34	6 assessed value of the real property, mobile home not assessed as real
35	35	7 property, or manufactured home not assessed as real property that the
36	36	8 individual owns (or the real property, mobile home not assessed as real
37	37	9 property, or manufactured home not assessed as real property that the
38	38	10 individual is buying under a contract that provides that the individual
39	39	11 is to pay property taxes on the real property, mobile home, or
40	40	12 manufactured home if the contract or a memorandum of the contract is
41	41	13 recorded in the county recorder's office) if:
42	42	14 (1) the individual served in the military or naval forces of the
43	43	15 United States for at least ninety (90) days;
44	44	16 (2) the individual received an honorable discharge;
45	45	17 (3) the individual: either:
46	46	2022 IN 218—LS 6598/DI 116 2
47	47	1 (A) has a total disability; or
48	48	2 (B) for the January 1, 2023, assessment date and each
49	49	3 assessment date thereafter, has been rated by the United
50	50	4 States Department of Veterans Affairs as individually
51	51	5 unemployable; or
52	52	6 (B) (C) is at least sixty-two (62) years old and has a disability
53	53	7 of at least ten percent (10%);
54	54	8 (4) the individual's disability is evidenced by:
55	55	9 (A) a pension certificate or an award of compensation issued
56	56	10 by the United States Department of Veterans Affairs; or
57	57	11 (B) a certificate of eligibility issued to the individual by the
58	58	12 Indiana department of veterans' affairs after the Indiana
59	59	13 department of veterans' affairs has determined that the
60	60	14 individual's disability qualifies the individual to receive a
61	61	15 deduction under this section; and
62	62	16 (5) the individual:
63	63	17 (A) owns the real property, mobile home, or manufactured
64	64	18 home; or
65	65	19 (B) is buying the real property, mobile home, or manufactured
66	66	20 home under contract;
67	67	21 on the date the statement required by section 15 of this chapter is
68	68	22 filed.
69	69	23 (b) Except as provided in subsections (c) and (d), the surviving
70	70	24 spouse of an individual may receive the deduction provided by this
71	71	25 section if:
72	72	26 (1) the individual satisfied the requirements of subsection (a)(1)
73	73	27 through (a)(4) at the time of death; or
74	74	28 (2) the individual:
75	75	29 (A) was killed in action;
76	76	30 (B) died while serving on active duty in the military or naval
77	77	31 forces of the United States; or
78	78	32 (C) died while performing inactive duty training in the military
79	79	33 or naval forces of the United States; and
80	80	34 the surviving spouse satisfies the requirement of subsection (a)(5) at
81	81	35 the time the deduction statement is filed. The surviving spouse is
82	82	36 entitled to the deduction regardless of whether the property for which
83	83	37 the deduction is claimed was owned by the deceased veteran or the
84	84	38 surviving spouse before the deceased veteran's death.
85	85	39 (c) Except as provided in subsection (f), no one is entitled to the
86	86	40 deduction provided by this section if the assessed value of the
87	87	41 individual's Indiana real property, Indiana mobile home not assessed as
88	88	42 real property, and Indiana manufactured home not assessed as real
89	89	2022 IN 218—LS 6598/DI 116 3
90	90	1 property, as shown by the tax duplicate, exceeds the assessed value
91	91	2 limit specified in subsection (d).
92	92	3 (d) Except as provided in subsection (f), for the:
93	93	4 (1) January 1, 2017, January 1, 2018, and January 1, 2019,
94	94	5 assessment dates, the assessed value limit for purposes of
95	95	6 subsection (c) is one hundred seventy-five thousand dollars
96	96	7 ($175,000); and
97	97	8 (2) January 1, 2020, assessment date and for each assessment date
98	98	9 thereafter, the assessed value limit for purposes of subsection (c)
99	99	10 is two hundred thousand dollars ($200,000).
100	100	11 (e) An individual who has sold real property, a mobile home not
101	101	12 assessed as real property, or a manufactured home not assessed as real
102	102	13 property to another person under a contract that provides that the
103	103	14 contract buyer is to pay the property taxes on the real property, mobile
104	104	15 home, or manufactured home may not claim the deduction provided
105	105	16 under this section against that real property, mobile home, or
106	106	17 manufactured home.
107	107	18 (f) For purposes of determining the assessed value of the real
108	108	19 property, mobile home, or manufactured home under subsection (d) for
109	109	20 an individual who has received a deduction under this section in a
110	110	21 particular year, increases in assessed value that occur after the later of:
111	111	22 (1) December 31, 2019; or
112	112	23 (2) the first year that the individual has received the deduction;
113	113	24 are not considered unless the increase in assessed value is attributable
114	114	25 to physical improvements to the property.
115	115	2022 IN 218—LS 6598/DI 116