Indiana 2024 Regular Session

Indiana House Bill HB1364 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. 1364
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-1.1-51.
7	7	Synopsis: Supplemental homestead property tax credit. Establishes a
8	8	supplemental homestead credit (credit) in the amount of $200. Provides
9	9	that the source of the credit is the state general fund. Provides a
10	10	procedure for application of the credit to an individual's homestead
11	11	property tax liability. Makes an appropriation.
12	12	Effective: Upon passage.
13	13	Porter
14	14	January 10, 2024, read first time and referred to Committee on Ways and Means.
15	15	2024 IN 1364—LS 6657/DI 125 Introduced
16	16	Second Regular Session of the 123rd General Assembly (2024)
17	17	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
18	18	Constitution) is being amended, the text of the existing provision will appear in this style type,
19	19	additions will appear in this style type, and deletions will appear in this style type.
20	20	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
21	21	provision adopted), the text of the new provision will appear in this style type. Also, the
22	22	word NEW will appear in that style type in the introductory clause of each SECTION that adds
23	23	a new provision to the Indiana Code or the Indiana Constitution.
24	24	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
25	25	between statutes enacted by the 2023 Regular Session of the General Assembly.
26	26	HOUSE BILL No. 1364
27	27	A BILL FOR AN ACT to amend the Indiana Code concerning
28	28	taxation and to make an appropriation.
29	29	Be it enacted by the General Assembly of the State of Indiana:
30	30	1 SECTION 1. IC 6-1.1-51 IS ADDED TO THE INDIANA CODE
31	31	2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
32	32	3 UPON PASSAGE]:
33	33	4 Chapter 51. Supplemental Homestead Credit
34	34	5 Sec. 1. (a) For property taxes first due and payable in 2024, and
35	35	6 for property taxes first due and payable in each calendar year
36	36	7 thereafter, an individual who is entitled to a standard deduction
37	37	8 from the assessed value of property under IC 6-1.1-12-37 is also
38	38	9 entitled to a supplemental homestead credit against the individual's
39	39	10 property tax liability for the assessed value of the homestead to
40	40	11 which the standard deduction applies after the application of the
41	41	12 standard deduction and any other deduction, exemption, or credit
42	42	13 for which the individual is eligible under IC 6-1.1.
43	43	14 (b) An individual is not required to file an application for the
44	44	15 supplemental homestead credit under this chapter.
45	45	16 Sec. 2. The amount of the supplemental homestead credit to
46	46	17 which an individual is entitled under this chapter is two hundred
47	47	2024 IN 1364—LS 6657/DI 125 2
48	48	1 dollars ($200).
49	49	2 Sec. 3. Before April 1, 2024, and each April 1 thereafter, the
50	50	3 county auditor shall determine each individual in the county who
51	51	4 is entitled to the supplemental homestead credit under this chapter.
52	52	5 Sec. 4. The county auditor shall determine the:
53	53	6 (1) number of individuals identified under section 3 of this
54	54	7 chapter; and
55	55	8 (2) total amount of supplemental homestead credits allowed
56	56	9 in the county;
57	57	10 for property taxes first due and payable in the particular calendar
58	58	11 year.
59	59	12 Sec. 5. The county auditor shall certify to the department of
60	60	13 local government finance and the state comptroller the total
61	61	14 amount of supplemental homestead credits allowed in the county
62	62	15 for the calendar year in a manner prescribed by the department of
63	63	16 local government finance.
64	64	17 Sec. 6. The state comptroller shall issue a warrant to the
65	65	18 treasurer of state ordering the distribution from the state general
66	66	19 fund to the county treasurer of each county an amount equal to the
67	67	20 total amount of supplemental homestead credits for the county.
68	68	21 Sec. 7. The county auditor shall apply the supplemental
69	69	22 homestead credit equally to each installment of property taxes that
70	70	23 each eligible individual pays for the homestead property.
71	71	24 Sec. 8. There is appropriated from the state general fund a
72	72	25 sufficient amount in each state fiscal year to carry out the
73	73	26 provisions of this chapter.
74	74	27 SECTION 2. An emergency is declared for this act.
75	75	2024 IN 1364—LS 6657/DI 125