Indiana Senate Bill 370 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-10 - First reading: referred to Committee on Tax and Fiscal Policy
Pending: Senate Tax and Fiscal Policy Committee
Text: Latest bill text (Introduced) [PDF]

Over 65 deduction and circuit breaker credit. Increases (from $182,430 to $228,000) the deduction limitation on the assessed value of an individual's real property, or mobile home or manufactured home which is not assessed as real property, if the individual is at least 65 years of age on or before December 31 of the calendar year preceding the year in which the deduction is claimed. Provides that the additional credit for certain homesteads under current law does not apply if the gross assessed value of the homestead on the assessment date for which property taxes are imposed is at least $191,700 (rather than $160,000 under current law).

Over 65 deduction and circuit breaker credit. Increases (from $182,430 to $228,000) the deduction limitation on the assessed value of an individual's real property, or mobile home or manufactured home which is not assessed as real property, if the individual is at least 65 years of age on or before December 31 of the calendar year preceding the year in which the deduction is claimed. Provides that the additional credit for certain homesteads under current law does not apply if the gross assessed value of the homestead on the assessment date for which property taxes are imposed is at least $191,700 (rather than $160,000 under current law).

Sen. Philip Boots [R]

Date	Chamber	Action
2019-01-10	Senate	First reading: referred to Committee on Tax and Fiscal Policy
2019-01-10	Senate	Authored by Senator Boots

Type	Source
Summary	https://iga.in.gov/legislative/2019/bills/senate/370/details
Text	http://iga.in.gov/static-documents/6/2/e/2/62e200ff/SB0370.01.INTR.pdf