IN HB1149 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-08 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2024 - 25% progression
Action: 2024-01-08 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Assessed value deduction for disabled veterans. Increases the assessed value cap, from $200,000 to $240,000, that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability. Provides that for purposes of determining the assessed value of the real property, mobile home, or manufactured home for an individual who has received a deduction in a previous year, increases in assessed value that occur after December 31, 2024, are not considered for purposes of determining whether an individual is eligible to receive the deduction.
Title
Assessed value deduction for disabled veterans.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-08 | House | First reading: referred to Committee on Ways and Means |
2024-01-08 | House | Authored by Representative Cherry |