Bill > SB0041

This bill modifies property tax deduction rules for disabled veterans by eliminating the previous assessed value cap on property tax deductions. Under the revised law, eligible veterans who have served at least 90 days in the military, received an honorable discharge, and either have a total disability or are at least 62 years old with a disability of at least 10%, can receive a $14,000 deduction from their property's assessed value. The disability must be verified by either a pension certificate from the U.S. Department of Veterans Affairs or a certificate of eligibility from the Indiana Department of Veterans' Affairs. Additionally, the bill extends these deduction rights to surviving spouses of veterans who were killed in action, died while on active duty, or died during inactive duty training, regardless of which spouse originally owned the property. The changes will apply to assessment dates after December 31, 2025, and the provision is set to expire on July 1, 2029, effectively removing previous restrictions that limited the deduction based on the property's total assessed value.

Budget and Finance

https://iga.in.gov/legislative/2025/bills/senate/41/details