Indiana 2024 Regular Session

Indiana House Bill HB1152 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. 1152
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-1.1-12-14.
7	7	Synopsis: Assessed value deductions for disabled veterans. Eliminates
8	8	the assessed value cap that applies to the property tax deduction for a
9	9	veteran who: (1) has a total disability; or (2) is at least 62 years of age
10	10	and has at least a 10% disability.
11	11	Effective: July 1, 2024.
12	12	Lauer, Aylesworth
13	13	January 8, 2024, read first time and referred to Committee on Ways and Means.
14	14	2024 IN 1152—LS 6762/DI 116 Introduced
15	15	Second Regular Session of the 123rd General Assembly (2024)
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 2023 Regular Session of the General Assembly.
25	25	HOUSE BILL No. 1152
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.174-2022,
30	30	2 SECTION 20, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
31	31	3 JULY 1, 2024]: 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	2024 IN 1152—LS 6762/DI 116 2
47	47	1 (A) has a total disability; or
48	48	2 (B) is at least sixty-two (62) years old and has a disability of at
49	49	3 least ten percent (10%);
50	50	4 (4) the individual's disability is evidenced by:
51	51	5 (A) a pension certificate or an award of compensation issued
52	52	6 by the United States Department of Veterans Affairs; or
53	53	7 (B) a certificate of eligibility issued to the individual by the
54	54	8 Indiana department of veterans' affairs after the Indiana
55	55	9 department of veterans' affairs has determined that the
56	56	10 individual's disability qualifies the individual to receive a
57	57	11 deduction under this section; and
58	58	12 (5) the individual:
59	59	13 (A) owns the real property, mobile home, or manufactured
60	60	14 home; or
61	61	15 (B) is buying the real property, mobile home, or manufactured
62	62	16 home under contract;
63	63	17 on the date the statement required by section 15 of this chapter is
64	64	18 filed.
65	65	19 (b) Except as provided in subsections (c) and (d), The surviving
66	66	20 spouse of an individual may receive the deduction provided by this
67	67	21 section if:
68	68	22 (1) the individual satisfied the requirements of subsection (a)(1)
69	69	23 through (a)(4) at the time of death; or
70	70	24 (2) the individual:
71	71	25 (A) was killed in action;
72	72	26 (B) died while serving on active duty in the military or naval
73	73	27 forces of the United States; or
74	74	28 (C) died while performing inactive duty training in the military
75	75	29 or naval forces of the United States; and
76	76	30 the surviving spouse satisfies the requirement of subsection (a)(5) at
77	77	31 the time the deduction statement is filed. The surviving spouse is
78	78	32 entitled to the deduction regardless of whether the property for which
79	79	33 the deduction is claimed was owned by the deceased veteran or the
80	80	34 surviving spouse before the deceased veteran's death.
81	81	35 (c) Except as provided in subsection (f), no one is entitled to the
82	82	36 deduction provided by this section if the assessed value of the
83	83	37 individual's Indiana real property, Indiana mobile home not assessed as
84	84	38 real property, and Indiana manufactured home not assessed as real
85	85	39 property, as shown by the tax duplicate, exceeds the assessed value
86	86	40 limit specified in subsection (d).
87	87	41 (d) Except as provided in subsection (f), for the:
88	88	42 (1) January 1, 2017, January 1, 2018, and January 1, 2019,
89	89	2024 IN 1152—LS 6762/DI 116 3
90	90	1 assessment dates, the assessed value limit for purposes of
91	91	2 subsection (c) is one hundred seventy-five thousand dollars
92	92	3 ($175,000); and
93	93	4 (2) January 1, 2020, assessment date and for each assessment date
94	94	5 thereafter, the assessed value limit for purposes of subsection (c)
95	95	6 is two hundred thousand dollars ($200,000).
96	96	7 (e) (c) An individual who has sold real property, a mobile home not
97	97	8 assessed as real property, or a manufactured home not assessed as real
98	98	9 property to another person under a contract that provides that the
99	99	10 contract buyer is to pay the property taxes on the real property, mobile
100	100	11 home, or manufactured home may not claim the deduction provided
101	101	12 under this section against that real property, mobile home, or
102	102	13 manufactured home.
103	103	14 (f) For purposes of determining the assessed value of the real
104	104	15 property, mobile home, or manufactured home under subsection (d) for
105	105	16 an individual who has received a deduction under this section in a
106	106	17 previous year, increases in assessed value that occur after the later of:
107	107	18 (1) December 31, 2019; or
108	108	19 (2) the first year that the individual has received the deduction;
109	109	20 are not considered unless the increase in assessed value is attributable
110	110	21 to substantial renovation or new improvements. Where there is an
111	111	22 increase in assessed value for purposes of the deduction under this
112	112	23 section, the assessor shall provide a report to the county auditor
113	113	24 describing the substantial renovation or new improvements, if any, that
114	114	25 were made to the property prior to the increase in assessed value.
115	115	26 SECTION 2. [EFFECTIVE JULY 1, 2024] (a) IC 6-1.1-12-14, as
116	116	27 amended by this act, applies to assessment dates after December
117	117	28 31, 2024.
118	118	29 (b) This SECTION expires July 1, 2028.
119	119	2024 IN 1152—LS 6762/DI 116