Introduced Version
HOUSE BILL No. 1364
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DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-1.1-51.
Synopsis: Supplemental homestead property tax credit. Establishes a
supplemental homestead credit (credit) in the amount of $200. Provides
that the source of the credit is the state general fund. Provides a
procedure for application of the credit to an individual's homestead
property tax liability. Makes an appropriation.
Effective: Upon passage.
Porter
January 10, 2024, read first time and referred to Committee on Ways and Means.
2024 IN 1364—LS 6657/DI 125 Introduced
Second Regular Session of the 123rd General Assembly (2024)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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between statutes enacted by the 2023 Regular Session of the General Assembly.
HOUSE BILL No. 1364
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation and to make an appropriation.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 6-1.1-51 IS ADDED TO THE INDIANA CODE
2 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
3 UPON PASSAGE]:
4 Chapter 51. Supplemental Homestead Credit
5 Sec. 1. (a) For property taxes first due and payable in 2024, and
6 for property taxes first due and payable in each calendar year
7 thereafter, an individual who is entitled to a standard deduction
8 from the assessed value of property under IC 6-1.1-12-37 is also
9 entitled to a supplemental homestead credit against the individual's
10 property tax liability for the assessed value of the homestead to
11 which the standard deduction applies after the application of the
12 standard deduction and any other deduction, exemption, or credit
13 for which the individual is eligible under IC 6-1.1.
14 (b) An individual is not required to file an application for the
15 supplemental homestead credit under this chapter.
16 Sec. 2. The amount of the supplemental homestead credit to
17 which an individual is entitled under this chapter is two hundred
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1 dollars ($200).
2 Sec. 3. Before April 1, 2024, and each April 1 thereafter, the
3 county auditor shall determine each individual in the county who
4 is entitled to the supplemental homestead credit under this chapter.
5 Sec. 4. The county auditor shall determine the:
6 (1) number of individuals identified under section 3 of this
7 chapter; and
8 (2) total amount of supplemental homestead credits allowed
9 in the county;
10 for property taxes first due and payable in the particular calendar
11 year.
12 Sec. 5. The county auditor shall certify to the department of
13 local government finance and the state comptroller the total
14 amount of supplemental homestead credits allowed in the county
15 for the calendar year in a manner prescribed by the department of
16 local government finance.
17 Sec. 6. The state comptroller shall issue a warrant to the
18 treasurer of state ordering the distribution from the state general
19 fund to the county treasurer of each county an amount equal to the
20 total amount of supplemental homestead credits for the county.
21 Sec. 7. The county auditor shall apply the supplemental
22 homestead credit equally to each installment of property taxes that
23 each eligible individual pays for the homestead property.
24 Sec. 8. There is appropriated from the state general fund a
25 sufficient amount in each state fiscal year to carry out the
26 provisions of this chapter.
27 SECTION 2. An emergency is declared for this act.
2024 IN 1364—LS 6657/DI 125