Indiana House Bill 1395 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2022 - 25% progression, died in committee
Action: 2022-01-13 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Property tax exemption for qualified veterans. Provides, for assessment dates after December 31, 2022, that 50% of the assessed value of eligible property owned by an eligible individual is exempt from property taxation. Defines "eligible individual" as an individual who: (1) served in the military or naval forces of the United States: (A) during any of its wars; or (B) for a period of at least 18 months during peacetime; (2) received an honorable discharge; and (3) has lived in Indiana for at least three years. Defines "eligible property" as any real property or mobile home or manufactured home assessed as personal property used as a principal place of residence and receiving a homestead standard deduction for the most recent assessment date. Specifies, beginning with assessment dates after December 31, 2022, that for purposes of calculating the amount of a deduction from assessed value for an eligible property, the assessed value used is the assessed value remaining after the application of the 50% exemption. Provides, beginning with assessment dates after December 31, 2022, that for other purposes that are not calculating the amount of a deduction, the assessed value to be applied is the assessed value determined without regard to the 50% exemption.

Property tax exemption for qualified veterans.

Rep. Renee Pack [D]

Date	Chamber	Action
2022-01-13	House	First reading: referred to Committee on Ways and Means
2022-01-13	House	Authored by Representative Pack

Type	Source
Summary	https://iga.in.gov/legislative/2022/bills/house/1395/details
Text	http://iga.in.gov/static-documents/c/a/9/b/ca9b3e90/HB1395.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/4/d/8/f/4d8f570c/HB1395.01.INTR.FN001.pdf