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Bill > HB1130


IN HB1130

IN HB1130
Property tax deduction information.


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead
04/24/2025

Introduced Session

2025 Regular Session

Bill Summary

Property tax deduction information. Requires the department of local government finance (department), in a manner determined by the department, to include on every real property tax statement educational information regarding the eligibility and procedures for the over 65 property tax deduction and for various property tax deductions available to veterans.

AI Summary

This bill requires the Indiana Department of Local Government Finance to include educational information about property tax deductions on every real property tax statement issued after December 31, 2025. Specifically, the bill mandates that these statements provide details about five different property tax deductions available to specific groups: (1) a deduction for individuals 65 years or older, (2) a deduction for veterans with partial disabilities, (3) a deduction for disabled veterans, (4) a deduction for totally disabled veterans or veterans who are at least 62 years old and partially disabled, and (5) a deduction for surviving spouses of veterans. The department will determine the manner and format of presenting this educational information, with the goal of helping eligible taxpayers understand and potentially claim these tax deductions. The bill is set to take effect on July 1, 2025, and aims to improve taxpayer awareness of available property tax relief programs.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

First reading: referred to Committee on Ways and Means (on 01/08/2025)

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