Indiana 2025 Regular Session

Indiana Senate Bill SB0361 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	Introduced Version
3	3	SENATE BILL No. 361
4	4	_____
5	5	DIGEST OF INTRODUCED BILL
6	6	Citations Affected: IC 6-3-2-6.
7	7	Synopsis: Renter's deduction for disabled veterans. Provides an
8	8	additional tax deduction for a disabled veteran who rents a dwelling for
9	9	use as the disabled veteran's principal place of residence.
10	10	Effective: January 1, 2026.
11	11	Niezgodski
12	12	January 13, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
13	13	2025 IN 361—LS 6988/DI 116 Introduced
14	14	First Regular Session of the 124th General Assembly (2025)
15	15	PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
16	16	Constitution) is being amended, the text of the existing provision will appear in this style type,
17	17	additions will appear in this style type, and deletions will appear in this style type.
18	18	Additions: Whenever a new statutory provision is being enacted (or a new constitutional
19	19	provision adopted), the text of the new provision will appear in this style type. Also, the
20	20	word NEW will appear in that style type in the introductory clause of each SECTION that adds
21	21	a new provision to the Indiana Code or the Indiana Constitution.
22	22	Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
23	23	between statutes enacted by the 2024 Regular Session of the General Assembly.
24	24	SENATE BILL No. 361
25	25	A BILL FOR AN ACT to amend the Indiana Code concerning
26	26	taxation.
27	27	Be it enacted by the General Assembly of the State of Indiana:
28	28	1 SECTION 1. IC 6-3-2-6, AS AMENDED BY P.L.146-2020,
29	29	2 SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
30	30	3 JANUARY 1, 2026]: Sec. 6. (a) Each taxable year, an individual who
31	31	4 rents a dwelling for use as the individual's principal place of residence
32	32	5 may deduct from the individual's adjusted gross income (as defined in
33	33	6 IC 6-3-1-3.5(a)), the lesser of:
34	34	7 (1) the amount of rent paid by the individual with respect to the
35	35	8 dwelling during the taxable year; or
36	36	9 (2) three thousand dollars ($3,000).
37	37	10 (b) Notwithstanding subsection (a):
38	38	11 (1) a married couple filing a joint return for a particular taxable
39	39	12 year may not claim a deduction under this section of more than
40	40	13 three thousand dollars ($3,000); and
41	41	14 (2) a married individual filing a separate return for a particular
42	42	15 taxable year may not claim a deduction under this section of more
43	43	16 than one thousand five hundred dollars ($1,500).
44	44	17 (c) Each taxable year, an individual who is a disabled veteran
45	45	2025 IN 361—LS 6988/DI 116 2
46	46	1 and claims a deduction under subsection (a) for the taxable year
47	47	2 may deduct an additional amount from the individual's adjusted
48	48	3 gross income equal to the lesser of:
49	49	4 (1) the amount of the deduction granted under subsection (a)
50	50	5 multiplied by the individual's disability rating as determined
51	51	6 by the United States Department of Veterans Affairs; or
52	52	7 (2) three thousand dollars ($3,000).
53	53	8 (c) (d) The deduction provided by this section does not apply to an
54	54	9 individual who rents a dwelling that is exempt from Indiana property
55	55	10 tax.
56	56	11 (d) (e) For purposes of this section, a "dwelling" includes a single
57	57	12 family dwelling and unit of a multi-family dwelling.
58	58	13 SECTION 2. [EFFECTIVE JANUARY 1, 2026] (a) IC 6-3-2-6, as
59	59	14 amended by this act, applies to taxable years beginning after
60	60	15 December 31, 2025.
61	61	16 (b) This SECTION expires July 1, 2029.
62	62	2025 IN 361—LS 6988/DI 116