Indiana House Bill 1410 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 17 2017 - 25% progression, died in committee
Action: 2017-01-17 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Property tax deductions. Provides that the property tax mortgage deduction applies only if: (1) the mortgage loan or installment loan is made and recorded before January 1, 2018, or the purchase contract under which the person owes the contract indebtedness is entered into before January 1, 2018, and the purchase contract or a memorandum of the contract is recorded before January 1, 2018; and (2) the statement applying for the deduction is filed for the first time on or before January 5, 2018. Increases the homestead deduction to the lesser of: (1) 65% of the assessed value of the homestead;

Property tax deductions. Provides that the property tax mortgage deduction applies only if: (1) the mortgage loan or installment loan is made and recorded before January 1, 2018, or the purchase contract under which the person owes the contract indebtedness is entered into before January 1, 2018, and the purchase contract or a memorandum of the contract is recorded before January 1, 2018; and (2) the statement applying for the deduction is filed for the first time on or before January 5, 2018. Increases the homestead deduction to the lesser of: (1) 65% of the assessed value of the homestead;

Rep. Timothy Wesco [R]

Date	Chamber	Action
2017-01-17	House	First reading: referred to Committee on Ways and Means
2017-01-17	House	Authored by Representative Wesco

Type	Source
Summary	https://iga.in.gov/legislative/2017/bills/house/1410/details
Text	http://iga.in.gov/static-documents/f/9/1/1/f911fe1f/HB1410.01.INTR.pdf