Indiana House Bill 1381 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on January 11 2024 - 25% progression, died in committee
Action: 2024-01-11 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Property tax deductions and credits. Makes the following property tax changes for assessment dates occurring after December 31, 2024: (1) Increases the assessed value cap from $240,000 to $350,000 that applies to an individual's eligibility for the: (A) over 65 property tax deduction; and (B) over 65 circuit breaker credit; without altering the requirement in current law that any subsequent increases in assessed value are not considered unless the increase is attributable to substantial renovation or new improvements to the property. (2) Eliminates the assessed value cap that applies to the property tax deduction for a veteran who: (A) has a total disability; or (B) is at least 62 years of age and has at least a 10% disability.

Property tax deductions and credits.

Rep. Christopher Judy [R]

Rep. Robert Cherry [R]

Rep. Dave Heine [R]

Rep. Edward DeLaney [D]

Date	Chamber	Action
2024-01-11	House	First reading: referred to Committee on Ways and Means
2024-01-11	House	Authored by Representative Judy
2024-01-11	House	Coauthored by Representatives Cherry, Heine, DeLaney

Type	Source
Summary	https://iga.in.gov/legislative/2024/bills/house/1381/details
Text	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1381/HB1381.01.INTR.pdf
Supplement	https://iga.in.gov/pdf-documents/123/2024/house/bills/HB1381/fiscal-notes/HB1381.01.INTR.FN001.pdf