LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6657 NOTE PREPARED: Dec 23, 2023
BILL NUMBER: HB 1364 BILL AMENDED:
SUBJECT: Supplemental Homestead Property Tax Credit.
FIRST AUTHOR: Rep. Porter BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State & Local
DEDICATED
FEDERAL
Summary of Legislation: This bill establishes a supplemental homestead credit (credit) in the amount of
$200. It provides that the source of the credit is the state General Fund. The bill also provides a procedure
for application of the credit to an individual's homestead property tax liability.
This bill makes an appropriation.
Effective Date: Upon passage.
Explanation of State Expenditures: Department of Local Government Finance (DLGF): This bill requires
that county auditors certify to the DLGF the total amount of supplemental homestead credits allowed in their
respective counties on an annual basis. This requirement may result in a minor increase in the administrative
workload for the DLGF but is within the agency’s routine administrative functions and should be able to be
implemented with no additional appropriations, assuming near customary agency staffing and resource levels.
State Comptroller: This bill requires that county auditors certify to the State Comptroller the total amount
of supplemental homestead credits allowed in their respective counties on an annual basis. The State
Comptroller would also be required to issue a warrant annually to the Treasurer of State, ordering the
distribution of the credits - paid from the state General Fund - to each county. These requirements may result
in an increase in the administrative workload for the State Comptroller but are within the agency’s routine
administrative functions and should be able to be implemented with no additional appropriations, assuming
near customary agency staffing and resource levels.
Treasurer of State: This bill requires that the Treasurer of State distribute the applicable amount of
HB 1364 1 supplemental homestead credits - paid from the state General Fund - to each county on annual basis. This
requirement may result in an increase in the administrative workload for the Treasurer of State but is within
the agency’s routine administrative functions and should be able to be implemented with no additional
appropriations, assuming near customary agency staffing and resource levels.
Supplemental Homestead Credit: This bill would appropriate from the state General Fund a sufficient amount
each fiscal year to fund the applicable amount of supplemental homestead credits in each county. Based on
property tax data for CY 2023, approximately 1.8 million homestead property owners statewide would be
eligible for the supplemental homestead credit, for a total appropriation of approximately $368.7 M. The
estimate assumes each of the eligible homestead property owners receives the full $200 credit.
The table provided at the end of the fiscal note shows the approximate county by county breakdown of the
number of homestead property owners eligible for the supplemental credit and the total amount of credit,
based on CY 2023 property tax data.
Explanation of State Revenues:
Explanation of Local Expenditures: County Auditors: This bill requires the county auditor to determine
the number of individuals eligible to receive the credit and the total amount of the supplemental credits
allowed in the county and to certify to the DLGF and State Comptroller the total amount of supplemental
homestead credits allowed in the county on annual basis. The county auditor would also be required to apply
the credit equally to the spring and fall installment of property taxes for the eligible homestead property
owners. These requirements would result in an increase in the administrative workload for the personnel in
the county auditor’s office.
County Treasurers: The bill requires the county treasurer to deposit the revenue received from the Treasurer
of State - used to fund the supplemental homestead credits - into the local accounts so that the county
auditors can apply the credits to the applicable homestead property owners’ records. This requirement may
result in a minor increase in the administrative workload for the personnel in the county treasurer’s office.
Explanation of Local Revenues:
State Agencies Affected: State Comptroller; Treasurer of State; Department of Local Government Finance.
Local Agencies Affected: County Assessors; County Auditors; County Treasurers.
Information Sources: LSA Property Tax Database.
Fiscal Analyst: James Johnson, 317-232-9869.
County Totals of Supplemental Homestead Credit Amount
HB 1364 2 County
No. of Homestead
Records Total Amount County
No. of Homestead
Records Total Amount
Adams
9,516 $ 1,903,200 Madison
37,188 $ 7,437,600
Allen
103,992 $ 20,798,400 Marion
211,682 $ 42,336,400
Bartholomew
22,724 $ 4,544,800 Marshall
13,958 $ 2,791,600
Benton
2,682 $ 536,400 Martin
3,075 $ 615,000
Blackford
3,697 $ 739,400 Miami
8,714 $ 1,742,800
Boone
21,598 $ 4,319,600 Monroe
30,477 $ 6,095,400
Brown
5,439 $ 1,087,800 Montgomery
11,533 $ 2,306,600
Carroll
6,765 $ 1,353,000 Morgan
21,996 $ 4,399,200
Cass
9,751 $ 1,950,200 Newton
4,589 $ 917,800
Clark
36,137 $ 7,227,400 Noble
13,784 $ 2,756,800
Clay
7,640 $ 1,528,000 Ohio
1,862 $ 372,400
Clinton
8,977 $ 1,795,400 Orange
6,140 $ 1,228,000
Crawford
3,233 $ 646,600 Owen
6,862 $ 1,372,400
Daviess
8,561 $ 1,712,200 Parke
4,701 $ 940,200
Dearborn
15,858 $ 3,171,600 Perry
5,456 $ 1,091,200
Decatur
7,679 $ 1,535,800 Pike
4,213 $ 842,600
Dekalb
13,119 $ 2,623,800 Porter
52,857 $ 10,571,400
Delaware
27,590 $ 5,518,000 Posey
8,316 $ 1,663,200
Dubois
13,293 $ 2,658,600 Pulaski
3,885 $ 777,000
Elkhart
51,593 $ 10,318,600 Putnam
10,424 $ 2,084,800
Fayette
6,459 $ 1,291,800 Randolph
7,204 $ 1,440,800
Floyd
23,591 $ 4,718,200 Ripley
8,527 $ 1,705,400
Fountain
5,410 $ 1,082,000 Rush
4,875 $ 975,000
Franklin
7,060 $ 1,412,000 St. Joseph
70,952 $ 14,190,400
County
No. of Homestead
Records Total Amount County
No. of Homestead
Records Total Amount
HB 1364 3 Fulton
5,918 $ 1,183,600 Scott
6,403 $ 1,280,600
Gibson
10,112 $ 2,022,400 Shelby
12,664 $ 2,532,800
Grant
16,221 $ 3,244,200 Spencer
6,591 $ 1,318,200
Greene
9,819 $ 1,963,800 Starke
7,588 $ 1,517,600
Hamilton
104,021 $ 20,804,200 Steuben
12,162 $ 2,432,400
Hancock
26,074 $ 5,214,800 Sullivan
5,432 $ 1,086,400
Harrison
12,470 $ 2,494,000 Switzerland
2,885 $ 577,000
Hendricks
51,677 $ 10,335,400 Tippecanoe
38,895 $ 7,779,000
Henry
13,713 $ 2,742,600 Tipton
5,631 $ 1,126,200
Howard
24,562 $ 4,912,400 Union
2,044 $ 408,800
Huntington
11,253 $ 2,250,600 Vanderburgh
49,467 $ 9,893,400
Jackson
12,772 $ 2,554,400 Vermillion
4,662 $ 932,400
Jasper
9,757 $ 1,951,400 Vigo
25,475 $ 5,095,000
Jay
5,595 $ 1,119,000 Wabash
9,257 $ 1,851,400
Jefferson
8,916 $ 1,783,200 Warren
2,736 $ 547,200
Jennings
7,885 $ 1,577,000 Warrick
20,178 $ 4,035,600
Johnson
45,269 $ 9,053,800 Washington
8,334 $ 1,666,800
Knox
9,879 $ 1,975,800 Wayne
17,425 $ 3,485,000
Kosciusko
24,092 $ 4,818,400 Wells
8,508 $ 1,701,600
Lagrange
9,852 $ 1,970,400 White
8,020 $ 1,604,000
Lake
136,594 $ 27,318,800 Whitley
11,308 $ 2,261,600
Laporte
31,252 $ 6,250,400
Lawrence
14,546 $ 2,909,200
HB 1364 4