Indiana 2024 Regular Session

Indiana House Bill HB1149 Compare Versions

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

Old	New	Differences
1	1
2	2	Introduced Version
3	3	HOUSE BILL No. 1149
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-1.1-12-14.
7	7	Synopsis: Assessed value deduction for disabled veterans. Increases
8	8	the assessed value cap, from $200,000 to $240,000, that applies to the
9	9	property tax deduction for a veteran who: (1) has a total disability; or
10	10	(2) is at least 62 years of age and has at least a 10% disability. Provides
11	11	that for purposes of determining the assessed value of the real property,
12	12	mobile home, or manufactured home for an individual who has
13	13	received a deduction in a previous year, increases in assessed value that
14	14	occur after December 31, 2024, are not considered for purposes of
15	15	determining whether an individual is eligible to receive the deduction.
16	16	Effective: July 1, 2024.
17	17	Cherry
18	18	January 8, 2024, read first time and referred to Committee on Ways and Means.
19	19	2024 IN 1149—LS 6479/DI 116 Introduced
20	20	Second Regular Session of the 123rd General Assembly (2024)
21	21	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
22	22	Constitution) is being amended, the text of the existing provision will appear in this style type,
23	23	additions will appear in this style type, and deletions will appear in this style type.
24	24	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
25	25	provision adopted), the text of the new provision will appear in this style type. Also, the
26	26	word NEW will appear in that style type in the introductory clause of each SECTION that adds
27	27	a new provision to the Indiana Code or the Indiana Constitution.
28	28	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
29	29	between statutes enacted by the 2023 Regular Session of the General Assembly.
30	30	HOUSE BILL No. 1149
31	31	A BILL FOR AN ACT to amend the Indiana Code concerning
32	32	taxation.
33	33	Be it enacted by the General Assembly of the State of Indiana:
34	34	1 SECTION 1. IC 6-1.1-12-14, AS AMENDED BY P.L.174-2022,
35	35	2 SECTION 20, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
36	36	3 JULY 1, 2024]: Sec. 14. (a) Except as provided in subsection (c) and
37	37	4 except as provided in section 40.5 of this chapter, an individual may
38	38	5 have the sum of fourteen thousand dollars ($14,000) deducted from the
39	39	6 assessed value of the real property, mobile home not assessed as real
40	40	7 property, or manufactured home not assessed as real property that the
41	41	8 individual owns (or the real property, mobile home not assessed as real
42	42	9 property, or manufactured home not assessed as real property that the
43	43	10 individual is buying under a contract that provides that the individual
44	44	11 is to pay property taxes on the real property, mobile home, or
45	45	12 manufactured home if the contract or a memorandum of the contract is
46	46	13 recorded in the county recorder's office) if:
47	47	14 (1) the individual served in the military or naval forces of the
48	48	15 United States for at least ninety (90) days;
49	49	16 (2) the individual received an honorable discharge;
50	50	17 (3) the individual either:
51	51	2024 IN 1149—LS 6479/DI 116 2
52	52	1 (A) has a total disability; or
53	53	2 (B) is at least sixty-two (62) years old and has a disability of at
54	54	3 least ten percent (10%);
55	55	4 (4) the individual's disability is evidenced by:
56	56	5 (A) a pension certificate or an award of compensation issued
57	57	6 by the United States Department of Veterans Affairs; or
58	58	7 (B) a certificate of eligibility issued to the individual by the
59	59	8 Indiana department of veterans' affairs after the Indiana
60	60	9 department of veterans' affairs has determined that the
61	61	10 individual's disability qualifies the individual to receive a
62	62	11 deduction under this section; and
63	63	12 (5) the individual:
64	64	13 (A) owns the real property, mobile home, or manufactured
65	65	14 home; or
66	66	15 (B) is buying the real property, mobile home, or manufactured
67	67	16 home under contract;
68	68	17 on the date the statement required by section 15 of this chapter is
69	69	18 filed.
70	70	19 (b) Except as provided in subsections (c) and (d), the surviving
71	71	20 spouse of an individual may receive the deduction provided by this
72	72	21 section if:
73	73	22 (1) the individual satisfied the requirements of subsection (a)(1)
74	74	23 through (a)(4) at the time of death; or
75	75	24 (2) the individual:
76	76	25 (A) was killed in action;
77	77	26 (B) died while serving on active duty in the military or naval
78	78	27 forces of the United States; or
79	79	28 (C) died while performing inactive duty training in the military
80	80	29 or naval forces of the United States; and
81	81	30 the surviving spouse satisfies the requirement of subsection (a)(5) at
82	82	31 the time the deduction statement is filed. The surviving spouse is
83	83	32 entitled to the deduction regardless of whether the property for which
84	84	33 the deduction is claimed was owned by the deceased veteran or the
85	85	34 surviving spouse before the deceased veteran's death.
86	86	35 (c) Except as provided in subsection (f), subsection (f) or (g), no
87	87	36 one is entitled to the deduction provided by this section if the assessed
88	88	37 value of the individual's Indiana real property, Indiana mobile home not
89	89	38 assessed as real property, and Indiana manufactured home not assessed
90	90	39 as real property, as shown by the tax duplicate, exceeds the assessed
91	91	40 value limit specified in subsection (d).
92	92	41 (d) Except as provided in subsection (f), subsection (f) or (g), for
93	93	42 the:
94	94	2024 IN 1149—LS 6479/DI 116 3
95	95	1 (1) January 1, 2017, January 1, 2018, and January 1, 2019,
96	96	2 assessment dates, the assessed value limit for purposes of
97	97	3 subsection (c) is one hundred seventy-five thousand dollars
98	98	4 ($175,000); and
99	99	5 (2) January 1, 2020, January 1, 2021, January 1, 2022, January
100	100	6 1, 2023, and January 1, 2024, assessment dates, assessment
101	101	7 date and for each assessment date thereafter, the assessed value
102	102	8 limit for purposes of subsection (c) is two hundred thousand
103	103	9 dollars ($200,000); and
104	104	10 (3) January 1, 2025, assessment date and for each assessment
105	105	11 date thereafter, the assessed value limit for purposes of
106	106	12 subsection (c) is two hundred forty thousand dollars
107	107	13 ($240,000).
108	108	14 (e) An individual who has sold real property, a mobile home not
109	109	15 assessed as real property, or a manufactured home not assessed as real
110	110	16 property to another person under a contract that provides that the
111	111	17 contract buyer is to pay the property taxes on the real property, mobile
112	112	18 home, or manufactured home may not claim the deduction provided
113	113	19 under this section against that real property, mobile home, or
114	114	20 manufactured home.
115	115	21 (f) This subsection applies to assessment dates before January
116	116	22 1, 2025. For purposes of determining the assessed value of the real
117	117	23 property, mobile home, or manufactured home under subsection (d) for
118	118	24 an individual who has received a deduction under this section in a
119	119	25 previous year, increases in assessed value that occur after the later of:
120	120	26 (1) December 31, 2019; or
121	121	27 (2) the first year that the individual has received the deduction;
122	122	28 are not considered unless the increase in assessed value is attributable
123	123	29 to substantial renovation or new improvements. Where there is an
124	124	30 increase in assessed value for purposes of the deduction under this
125	125	31 section, the assessor shall provide a report to the county auditor
126	126	32 describing the substantial renovation or new improvements, if any, that
127	127	33 were made to the property prior to the increase in assessed value.
128	128	34 (g) This subsection applies for assessment dates after December
129	129	35 31, 2024. For purposes of determining the assessed value of the real
130	130	36 property, mobile home, or manufactured home under subsection
131	131	37 (d) for an individual who has received a deduction under this
132	132	38 section in a previous year, increases in assessed value that occur
133	133	39 after December 31, 2024, are not considered for purposes of
134	134	40 determining whether an individual is eligible to receive the
135	135	41 deduction under this section.
136	136	42 SECTION 2. [EFFECTIVE JULY 1, 2024] (a) IC 6-1.1-12-14, as
137	137	2024 IN 1149—LS 6479/DI 116 4
138	138	1 amended by this act, applies to assessment dates after December
139	139	2 31, 2024.
140	140	3 (b) This SECTION expires July 1, 2028.
141	141	2024 IN 1149—LS 6479/DI 116