Indiana HB1187 provides property tax credits for veterans, increasing the deduction for totally disabled veterans and modifying eligibility criteria.

Indiana HB1187 amends the Indiana Code to enhance property tax credits for veterans. It increases the property tax deduction for totally disabled veterans to 100% of the assessed value of their real property. The bill modifies eligibility criteria for various property tax deductions and credits, including those for veterans with partial disabilities and those aged 62 or older with at least a 10% disability. It also introduces a maximum property tax liability credit for certain veterans.

Indiana HB1187 provides property tax credits for veterans, increasing the deduction for totally disabled veterans and modifying eligibility criteria.

Indiana HB1187 amends the Indiana Code to enhance property tax credits for veterans. It increases the property tax deduction for totally disabled veterans to 100% of the assessed value of their real property. The bill modifies eligibility criteria for various property tax deductions and credits, including those for veterans with partial disabilities and those aged 62 or older with at least a 10% disability. It also introduces a maximum property tax liability credit for certain veterans.