HB1023

Restores property tax deduction for surviving spouses of World War I veterans.

Indiana HB1023 restores the property tax deduction for surviving spouses of World War I veterans, effective January 1, 2025, retroactively. The bill allows surviving spouses to deduct $18,720 from the assessed value of their tangible property. To qualify, the surviving spouse must own the property or be buying it under contract. The deceased spouse must have served in the military before November 12, 1918, and received an honorable discharge. The surviving spouse cannot own property eligible for other property tax deductions. The deduction expires January 1, 2027.