Introduced Version
SENATE BILL No. 198
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-3-2-6.
Synopsis: Renter's deduction. Increases the maximum renter's
deduction for income tax purposes from $3,000 to $6,000 per taxable
year.
Effective: January 1, 2025.
Taylor G
January 9, 2024, read first time and referred to Committee on Tax and Fiscal Policy.
2024 IN 198—LS 6925/DI 120 Introduced
Second Regular Session of the 123rd General Assembly (2024)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional
provision adopted), the text of the new provision will appear in this style type. Also, the
word NEW will appear in that style type in the introductory clause of each SECTION that adds
a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
between statutes enacted by the 2023 Regular Session of the General Assembly.
SENATE BILL No. 198
A BILL FOR AN ACT to amend the Indiana Code concerning
taxation.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 6-3-2-6, AS AMENDED BY P.L.146-2020,
2 SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3 JANUARY 1, 2025]: Sec. 6. (a) Each taxable year, an individual who
4 rents a dwelling for use as the individual's principal place of residence
5 may deduct from the individual's adjusted gross income (as defined in
6 IC 6-3-1-3.5(a)), the lesser of:
7 (1) the amount of rent paid by the individual with respect to the
8 dwelling during the taxable year; or
9 (2) three six thousand dollars ($3,000). ($6,000).
10 (b) Notwithstanding subsection (a):
11 (1) a married couple filing a joint return for a particular taxable
12 year may not claim a deduction under this section of more than
13 three six thousand dollars ($3,000); ($6,000); and
14 (2) a married individual filing a separate return for a particular
15 taxable year may not claim a deduction under this section of more
16 than one three thousand five hundred dollars ($1,500). ($3,000).
17 (c) The deduction provided by this section does not apply to an
2024 IN 198—LS 6925/DI 120 2
1 individual who rents a dwelling that is exempt from Indiana property
2 tax.
3 (d) For purposes of this section, a "dwelling" includes a single
4 family dwelling and unit of a multi-family dwelling.
2024 IN 198—LS 6925/DI 120