HB 1187

                                                           Introduced Version
          HOUSE BILL No. 1187
                _____
              DIGEST OF INTRODUCED BILL
Citations Affected: IC 6-1.1; IC 6-6.
Synopsis: Property tax credits for veterans. Increases the property tax
deduction for a veteran who is totally disabled to an amount equal to
100% of the assessed value of the individual's real property (instead of
$14,000). Expires property tax deductions for certain veterans, and,
beginning with property taxes imposed for the 2026 assessment date
and thereafter, instead provides a property tax liability credit against
local property taxes for veterans who previously claimed a deduction.
Includes a mechanism to establish an additional maximum property tax
liability credit for a veteran who previously claimed a deduction.
Effective: January 1, 2026 (retroactive).
   Judy, Commons, Goss-Reaves
   January 5, 2026, read first time and referred to Committee on Ways and Means.
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                                                                                       Introduced
            Second Regular Session of the 124th General Assembly (2026)
 PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
 Constitution) is being amended, the text of the existing provision will appear in this style type,
 additions will appear in this style type, and deletions will appear in this style type.
   Additions: Whenever a new statutory provision is being enacted (or a new constitutional
 provision adopted), the text of the new provision will appear in this style type. Also, the
 word NEW will appear in that style type in the introductory clause of each SECTION that adds
 a new provision to the Indiana Code or the Indiana Constitution.
  Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
 between statutes enacted by the 2025 Regular Session of the General Assembly.
                   HOUSE BILL No. 1187
    A BILL FOR AN ACT to amend the Indiana Code concerning
 taxation.
     Be it enacted by the General Assembly of the State of Indiana:
1     SECTION 1. IC 6-1.1-12-13, AS AMENDED BY P.L.230-2025,
2 SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 13. (a) Except as
4 provided in section 40.5 of this chapter, an individual may have
5 twenty-four thousand nine hundred sixty dollars ($24,960) deducted
6 from the assessed value of the taxable tangible property that the
7 individual owns, or real property, a mobile home not assessed as real
8 property, or a manufactured home not assessed as real property that the
9 individual is buying under a contract that provides that the individual
10 is to pay property taxes on the real property, mobile home, or
11 manufactured home, if the contract or a memorandum of the contract
12 is recorded in the county recorder's office and if:
13(1) the individual served in the military or naval forces of the
14United States during any of its wars;
15(2) the individual received an honorable discharge;
16(3) the individual has a disability with a service connected
17disability of ten percent (10%) or more;
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1(4) the individual's disability is evidenced by:
2(A) a pension certificate, an award of compensation, or a
3disability compensation check issued by the United States
4Department of Veterans Affairs; or
5(B) a certificate of eligibility issued to the individual by the
6Indiana department of veterans' affairs after the Indiana
7department of veterans' affairs has determined that the
8individual's disability qualifies the individual to receive a
9deduction under this section; and
10(5) the individual:
11(A) owns the real property, mobile home, or manufactured
12home; or
13(B) is buying the real property, mobile home, or manufactured
14home under contract;
15on the date the statement required by section 15 of this chapter is
16filed.
17     (b) The surviving spouse of an individual may receive the deduction
18 provided by this section if the individual satisfied the requirements of
19 subsection (a)(1) through (a)(4) at the time of death and the surviving
20 spouse satisfies the requirement of subsection (a)(5) at the time the
21 deduction statement is filed. The surviving spouse is entitled to the
22 deduction regardless of whether the property for which the deduction
23 is claimed was owned by the deceased veteran or the surviving spouse
24 before the deceased veteran's death.
25     (c) One who receives the deduction provided by this section may not
26 receive the deduction provided by section 16 of this chapter. However,
27 the individual may receive any other property tax deduction which the
28 individual is entitled to by law.
29     (d) An individual who has sold real property, a mobile home not
30 assessed as real property, or a manufactured home not assessed as real
31 property to another person under a contract that provides that the
32 contract buyer is to pay the property taxes on the real property, mobile
33 home, or manufactured home may not claim the deduction provided
34 under this section against that real property, mobile home, or
35 manufactured home.
36     (e) This section applies only to property taxes imposed for an
37 assessment date before January 1, 2026.
38     (f) This section expires January 1, 2028.
39     SECTION 2. IC 6-1.1-12-14, AS AMENDED BY P.L.230-2025,
40 SECTION 32, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
41 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 14. (a) Except as
42 provided in subsection (c) and except as provided in section 40.5 of
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1 this chapter, an individual may have the sum of fourteen thousand
2 dollars ($14,000) one hundred percent (100%) of the assessed value
3 deducted from the assessed value of the real property, mobile home not
4 assessed as real property, or manufactured home not assessed as real
5 property that the individual owns (or the real property, mobile home
6 not assessed as real property, or manufactured home not assessed as
7 real property that the individual is buying under a contract that
8 provides that the individual is to pay property taxes on the real
9 property, mobile home, or manufactured home if the contract or a
10 memorandum of the contract is recorded in the county recorder's office)
11 if:
12(1) the individual served in the military or naval forces of the
13United States for at least ninety (90) days;
14(2) the individual received an honorable discharge;
15(3) the individual either:
16(A) has a total disability; or
17(B) is at least sixty-two (62) years old; and has a disability of
18at least ten percent (10%);
19(4) the individual's disability is evidenced by:
20(A) a pension certificate or an award of compensation issued
21by the United States Department of Veterans Affairs; or
22(B) a certificate of eligibility issued to the individual by the
23Indiana department of veterans' affairs after the Indiana
24department of veterans' affairs has determined that the
25individual's disability qualifies the individual to receive a
26deduction under this section; and
27(5) the individual:
28(A) owns the real property, mobile home, or manufactured
29home; or
30(B) is buying the real property, mobile home, or manufactured
31home under contract;
32on the date the statement required by section 15 of this chapter is
33filed.
34     (b) Except as provided in subsections (c) and (d), the surviving
35 spouse of an individual may receive the deduction provided by this
36 section if:
37(1) the individual satisfied the requirements of subsection (a)(1)
38through (a)(4) at the time of death; or
39(2) the individual:
40(A) was killed in action;
41(B) died while serving on active duty in the military or naval
42forces of the United States; or
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1(C) died while performing inactive duty training in the military
2or naval forces of the United States; and
3 the surviving spouse satisfies the requirement of subsection (a)(5) at
4 the time the deduction statement is filed. The surviving spouse is
5 entitled to the deduction regardless of whether the property for which
6 the deduction is claimed was owned by the deceased veteran or the
7 surviving spouse before the deceased veteran's death.
8    (c) Except as provided in subsection (f), no one is entitled to the
9 deduction provided by this section if the assessed value of the
10 individual's Indiana real property, Indiana mobile home not assessed as
11 real property, and Indiana manufactured home not assessed as real
12 property, as shown by the tax duplicate, exceeds the assessed value
13 limit specified in subsection (d).
14    (d) Except as provided in subsection (f), for the:
15(1) January 1, 2017, January 1, 2018, and January 1, 2019,
16assessment dates, the assessed value limit for purposes of
17subsection (c) is one hundred seventy-five thousand dollars
18($175,000);
19(2) January 1, 2020, January 1, 2021, January 1, 2022, and
20January 1, 2023, assessment dates, the assessed value limit for
21purposes of subsection (c) is two hundred thousand dollars
22($200,000); and
23(3) January 1, 2024, assessment date and for each assessment date
24thereafter, the assessed value limit for purposes of subsection (c)
25is two hundred forty thousand dollars ($240,000).
26    (e) An individual who has sold real property, a mobile home not
27 assessed as real property, or a manufactured home not assessed as real
28 property to another person under a contract that provides that the
29 contract buyer is to pay the property taxes on the real property, mobile
30 home, or manufactured home may not claim the deduction provided
31 under this section against that real property, mobile home, or
32 manufactured home.
33    (f) For purposes of determining the assessed value of the real
34 property, mobile home, or manufactured home under subsection (d) for
35 an individual who has received a deduction under this section in a
36 previous year, increases in assessed value that occur after the later of:
37(1) December 31, 2019; or
38(2) the first year that the individual has received the deduction;
39 are not considered unless the increase in assessed value is attributable
40 to substantial renovation or new improvements. Where there is an
41 increase in assessed value for purposes of the deduction under this
42 section, the assessor shall provide a report to the county auditor
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1 describing the substantial renovation or new improvements, if any, that
2 were made to the property prior to the increase in assessed value.
3    SECTION 3. IC 6-1.1-12-14.5, AS AMENDED BY P.L.230-2025,
4 SECTION 33, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
5 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 14.5. (a) As used in this
6 section, "homestead" has the meaning set forth in section 37 of this
7 chapter.
8    (b) An individual may claim a deduction from the assessed value of
9 the individual's homestead if:
10(1) the individual served in the military or naval forces of the
11United States for at least ninety (90) days;
12(2) the individual received an honorable discharge;
13(3) the individual has a disability of at least fifty percent (50%);
14(4) the individual's disability is evidenced by:
15(A) a pension certificate or an award of compensation issued
16by the United States Department of Veterans Affairs; or
17(B) a certificate of eligibility issued to the individual by the
18Indiana department of veterans' affairs after the Indiana
19department of veterans' affairs has determined that the
20individual's disability qualifies the individual to receive a
21deduction under this section; and
22(5) the homestead was conveyed without charge to the individual
23who is the owner of the homestead by an organization that is
24exempt from income taxation under the federal Internal Revenue
25Code.
26    (c) If an individual is entitled to a deduction from assessed value
27 under subsection (b) for the individual's homestead, the amount of the
28 deduction is determined as follows:
29(1) If the individual is totally disabled, the deduction is equal to
30one hundred percent (100%) of the assessed value of the
31homestead.
32(2) If the individual has a disability of at least ninety percent
33(90%) but the individual is not totally disabled, the deduction is
34equal to ninety percent (90%) of the assessed value of the
35homestead.
36(3) If the individual has a disability of at least eighty percent
37(80%) but less than ninety percent (90%), the deduction is equal
38to eighty percent (80%) of the assessed value of the homestead.
39(4) If the individual has a disability of at least seventy percent
40(70%) but less than eighty percent (80%), the deduction is equal
41to seventy percent (70%) of the assessed value of the homestead.
42(5) If the individual has a disability of at least sixty percent (60%)
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1but less than seventy percent (70%), the deduction is equal to
2sixty percent (60%) of the assessed value of the homestead.
3(6) If the individual has a disability of at least fifty percent (50%)
4but less than sixty percent (60%), the deduction is equal to fifty
5percent (50%) of the assessed value of the homestead.
6     (d) An individual who claims a deduction under this section for an
7 assessment date may not also claim a deduction under section 13
8 (before its expiration) or 14 of this chapter for that same assessment
9 date.
10     (e) An individual who desires to claim the deduction under this
11 section must claim the deduction in the manner specified by the
12 department of local government finance.
13     SECTION 4. IC 6-1.1-12-15, AS AMENDED BY P.L.230-2025,
14 SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
15 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 15. (a) Except as
16 provided in section 17.8 of this chapter and subject to section 45 of this
17 chapter, an individual who desires to claim the deduction provided by
18 section 13 or 14 of this chapter must file a statement with the auditor
19 of the county in which the individual resides. To obtain the deduction
20 for a desired calendar year in which property taxes are first due and
21 payable, the statement must be completed, dated, and filed with the
22 county auditor on or before January 15 of the calendar year in which
23 the property taxes are first due and payable. The statement may be filed
24 in person or by mail. If mailed, the mailing must be postmarked on or
25 before the last day for filing. The statement shall contain a sworn
26 declaration that the individual is entitled to the deduction.
27     (b) In addition to the statement, the individual shall submit to the
28 county auditor for the auditor's inspection:
29(1) a pension certificate, an award of compensation, or a disability
30compensation check issued by the United States Department of
31Veterans Affairs if the individual claims the deduction provided
32by section 13 of this chapter;
33(2) (1) a pension certificate or an award of compensation issued
34by the United States Department of Veterans Affairs if the
35individual claims the deduction provided by section 14 of this
36chapter; or
37(3) (2) the appropriate certificate of eligibility issued to the
38individual by the Indiana department of veterans' affairs if the
39individual claims the deduction provided by section 13 or 14 of
40this chapter.
41     (c) If the individual claiming the deduction is under guardianship,
42 the guardian shall file the statement required by this section. If a
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1 deceased veteran's surviving spouse is claiming the deduction, the
2 surviving spouse shall provide the documentation necessary to
3 establish that at the time of death the deceased veteran satisfied the
4 requirements of section 13(a)(1) through 13(a)(4) of this chapter,
5 section 14(a)(1) through 14(a)(4) of this chapter or section 14(b)(2) of
6 this chapter, whichever applies.
7     (d) If the individual claiming a deduction under section 13 or 14 of
8 this chapter is buying real property, a mobile home not assessed as real
9 property, or a manufactured home not assessed as real property under
10 a contract that provides that the individual is to pay property taxes for
11 the real estate, mobile home, or manufactured home, the statement
12 required by this section must contain the record number and page
13 where the contract or memorandum of the contract is recorded.
14     SECTION 5. IC 6-1.1-12-16, AS AMENDED BY P.L.68-2025,
15 SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
16 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 16. (a) Except as
17 provided in section 40.5 of this chapter, a surviving spouse may have
18 the sum of eighteen thousand seven hundred twenty dollars ($18,720)
19 deducted from the assessed value of the surviving spouse's tangible
20 property, or real property, mobile home not assessed as real property,
21 or manufactured home not assessed as real property that the surviving
22 spouse is buying under a contract that provides that the surviving
23 spouse is to pay property taxes on the real property, mobile home, or
24 manufactured home, if the contract or a memorandum of the contract
25 is recorded in the county recorder's office, and if:
26(1) the deceased spouse served in the military or naval forces of
27the United States before November 12, 1918;
28(2) the deceased spouse received an honorable discharge; and
29(3) the surviving spouse:
30(A) owns the real property, mobile home, or manufactured
31home; or
32(B) is buying the real property, mobile home, or manufactured
33home under contract;
34on the date the statement required by section 17 of this chapter is
35filed.
36     (b) A surviving spouse who receives the deduction provided by this
37 section may not receive the deduction provided by section 13 (before
38 its expiration) of this chapter. However, the surviving spouse may
39 receive any other deduction which the surviving spouse is entitled to
40 by law.
41     (c) An individual who has sold real property, a mobile home not
42 assessed as real property, or a manufactured home not assessed as real
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1 property to another person under a contract that provides that the
2 contract buyer is to pay the property taxes on the real property, mobile
3 home, or manufactured home may not claim the deduction provided
4 under this section against that real property, mobile home, or
5 manufactured home.
6     (d) This section applies only to property taxes imposed for an
7 assessment date before January 1, 2025.
8     (e) This section expires January 1, 2027.
9     SECTION 6. IC 6-1.1-12-17.8, AS AMENDED BY THE
10 TECHNICAL CORRECTIONS BILL OF THE 2026 GENERAL
11 ASSEMBLY, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
12 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 17.8. (a) An individual
13 who receives a deduction provided under section 9 (before its
14 expiration), 11 (before its expiration), 13 (before its expiration), 14,
15 16 (before its expiration), 17.4 (before its expiration), or 37 of this
16 chapter in a particular year and who remains eligible for the deduction
17 in the following year is not required to file a statement to apply for the
18 deduction in the following year. However, for purposes of a deduction
19 under section 37 of this chapter, the county auditor may, in the county
20 auditor's discretion, terminate the deduction for assessment dates after
21 January 15, 2012, if the individual does not comply with the
22 requirement in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015), as
23 determined by the county auditor, before January 1, 2013. Before the
24 county auditor terminates the deduction because the taxpayer claiming
25 the deduction did not comply with the requirement in
26 IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1, 2013,
27 the county auditor shall mail notice of the proposed termination of the
28 deduction to:
29(1) the last known address of each person liable for any property
30taxes or special assessment, as shown on the tax duplicate or
31special assessment records; or
32(2) the last known address of the most recent owner shown in the
33transfer book.
34     (b) An individual who receives a deduction provided under section
35 9 (before its expiration), 11 (before its expiration), 13 (before its
36 expiration), 14, 16 (before its expiration), or 17.4 (before its
37 expiration) of this chapter in a particular year and who becomes
38 ineligible for the deduction in the following year shall notify the auditor
39 of the county in which the real property, mobile home, or manufactured
40 home for which the individual claims the deduction is located of the
41 individual's ineligibility in the year in which the individual becomes
42 ineligible. An individual who becomes ineligible for a deduction under
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1 section 37 of this chapter shall notify the county auditor of the county
2 in which the property is located in conformity with section 37 of this
3 chapter.
4     (c) The auditor of each county shall, in a particular year, apply a
5 deduction provided under section 9 (before its expiration), 11 (before
6 its expiration), 13 (before its expiration), 14, 16 (before its
7 expiration), 17.4 (before its expiration), or 37 of this chapter to each
8 individual who received the deduction in the preceding year unless the
9 auditor determines that the individual is no longer eligible for the
10 deduction.
11     (d) An individual who receives a deduction provided under section
12 9 (before its expiration), 11 (before its expiration), 13 (before its
13 expiration), 14, 16 (before its expiration), 17.4 (before its expiration),
14 or 37 of this chapter for property that is jointly held with another owner
15 in a particular year and remains eligible for the deduction in the
16 following year is not required to file a statement to reapply for the
17 deduction following the removal of the joint owner if:
18(1) the individual is the sole owner of the property following the
19death of the individual's spouse; or
20(2) the individual is the sole owner of the property following the
21death of a joint owner who was not the individual's spouse.
22 If a county auditor terminates a deduction under section 9 of this
23 chapter (before its expiration), a deduction under section 37 of this
24 chapter, or a credit under IC 6-1.1-20.6-8.5 after June 30, 2017, and
25 before May 1, 2019, because the taxpayer claiming the deduction or
26 credit did not comply with a requirement added to this subsection by
27 P.L.255-2017 to reapply for the deduction or credit, the county auditor
28 shall reinstate the deduction or credit if the taxpayer provides proof that
29 the taxpayer is eligible for the deduction or credit and is not claiming
30 the deduction or credit for any other property.
31     (e) A trust entitled to a deduction under section 9 (before its
32 expiration), 11 (before its expiration), 13 (before its expiration), 14,
33 16 (before its expiration), 17.4 (before its expiration), or 37 of this
34 chapter for real property owned by the trust and occupied by an
35 individual in accordance with section 17.9 of this chapter (before its
36 expiration) is not required to file a statement to apply for the deduction,
37 if:
38(1) the individual who occupies the real property receives a
39deduction provided under section 9 (before its expiration), 11
40(before its expiration), 13 (before its expiration), 14, 16 (before
41its expiration), 17.4 (before its expiration), or 37 of this chapter
42in a particular year; and
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1(2) the trust remains eligible for the deduction in the following
2year.
3 However, for purposes of a deduction under section 37 of this chapter,
4 the individuals that qualify the trust for a deduction must comply with
5 the requirement in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015)
6 before January 1, 2013.
7     (f) A cooperative housing corporation (as defined in 26 U.S.C. 216)
8 that is entitled to a deduction under section 37 of this chapter in the
9 immediately preceding calendar year for a homestead (as defined in
10 section 37 of this chapter) is not required to file a statement to apply for
11 the deduction for the current calendar year if the cooperative housing
12 corporation remains eligible for the deduction for the current calendar
13 year. However, the county auditor may, in the county auditor's
14 discretion, terminate the deduction for assessment dates after January
15 15, 2012, if the individual does not comply with the requirement in
16 IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015), as determined by the
17 county auditor, before January 1, 2013. Before the county auditor
18 terminates a deduction because the taxpayer claiming the deduction did
19 not comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired
20 January 1, 2015) before January 1, 2013, the county auditor shall mail
21 notice of the proposed termination of the deduction to:
22(1) the last known address of each person liable for any property
23taxes or special assessment, as shown on the tax duplicate or
24special assessment records; or
25(2) the last known address of the most recent owner shown in the
26transfer book.
27     (g) An individual who:
28(1) was eligible for a homestead credit under IC 6-1.1-20.9
29(repealed) for property taxes imposed for the March 1, 2007, or
30January 15, 2008, assessment date; or
31(2) would have been eligible for a homestead credit under
32IC 6-1.1-20.9 (repealed) for property taxes imposed for the March
331, 2008, or January 15, 2009, assessment date if IC 6-1.1-20.9 had
34not been repealed;
35 is not required to file a statement to apply for a deduction under section
36 37 of this chapter if the individual remains eligible for the deduction in
37 the current year. An individual who filed for a homestead credit under
38 IC 6-1.1-20.9 (repealed) for an assessment date after March 1, 2007 (if
39 the property is real property), or after January 1, 2008 (if the property
40 is personal property), shall be treated as an individual who has filed for
41 a deduction under section 37 of this chapter. However, the county
42 auditor may, in the county auditor's discretion, terminate the deduction
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1 for assessment dates after January 15, 2012, if the individual does not
2 comply with the requirement in IC 6-1.1-22-8.1(b)(9) (expired January
3 1, 2015), as determined by the county auditor, before January 1, 2013.
4 Before the county auditor terminates the deduction because the
5 taxpayer claiming the deduction did not comply with the requirement
6 in IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1,
7 2013, the county auditor shall mail notice of the proposed termination
8 of the deduction to the last known address of each person liable for any
9 property taxes or special assessment, as shown on the tax duplicate or
10 special assessment records, or to the last known address of the most
11 recent owner shown in the transfer book.
12     (h) If a county auditor terminates a deduction because the taxpayer
13 claiming the deduction did not comply with the requirement in
14 IC 6-1.1-22-8.1(b)(9) (expired January 1, 2015) before January 1, 2013,
15 the county auditor shall reinstate the deduction if the taxpayer provides
16 proof that the taxpayer is eligible for the deduction and is not claiming
17 the deduction for any other property.
18     (i) A taxpayer described in section 37(r) of this chapter is not
19 required to file a statement to apply for the deduction provided by
20 section 37 of this chapter if the property owned by the taxpayer remains
21 eligible for the deduction for that calendar year.
22     SECTION 7. IC 6-1.1-12-17.9, AS AMENDED BY P.L.230-2025,
23 SECTION 36, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
24 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 17.9. A trust is entitled
25 to a deduction under section 9 (before its expiration), 11 (before its
26 expiration), 13 (before its expiration), 14, 16 (before its expiration),
27 or 17.4 (before its expiration) of this chapter for real property owned
28 by the trust and occupied by an individual if the county auditor
29 determines that the individual:
30(1) upon verification in the body of the deed or otherwise, has
31either:
32(A) a beneficial interest in the trust; or
33(B) the right to occupy the real property rent free under the
34terms of a qualified personal residence trust created by the
35individual under United States Treasury Regulation
3625.2702-5(c)(2); and
37(2) otherwise qualifies for the deduction.
38     SECTION 8. IC 6-1.1-12-43, AS AMENDED BY P.L.230-2025,
39 SECTION 37, AND AS AMENDED BY P.L.186-2025, SECTION
40 292, AND AS AMENDED BY THE TECHNICAL CORRECTIONS
41 BILL OF THE 2026 GENERAL ASSEMBLY, IS CORRECTED AND
42 AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1,
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1 2026 (RETROACTIVE)]: Sec. 43. (a) For purposes of this section:
2(1) "benefit" refers to a deduction under section 9 (before its
3expiration), 11 (before its expiration), 13 (before its expiration),
414, (before its expiration), 16 (before its expiration), 17.4 (before
5its expiration), 26 (before its expiration), 29 (before its
6expiration), 33 (before its expiration), 34 (before its expiration),
737, or 37.5 of this chapter;
8(2) "closing agent" means a person that closes a transaction;
9(3) "customer" means an individual who obtains a loan in a
10transaction; and
11(4) "transaction" means a single family residential:
12(A) first lien purchase money mortgage transaction; or
13(B) refinancing transaction.
14     (b) Before closing a transaction after December 31, 2004, a closing
15 agent must provide to the customer the form referred to in subsection
16 (c).
17     (c) Before June 1, 2004, The department of local government
18 finance shall prescribe the form to be provided by closing agents to
19 customers under subsection (b). The department shall make the form
20 available to closing agents, county assessors, county auditors, and
21 county treasurers in hard copy and electronic form. County assessors,
22 county auditors, and county treasurers shall make the form available to
23 the general public. The form must:
24(1) on one (1) side:
25(A) list each benefit; and
26(B) list the eligibility criteria for each benefit;
27(2) on the other side indicate:
28(A) each action by and each type of documentation from the
29customer required to file for each benefit; and
30(B) sufficient instructions and information to permit a party to
31terminate a standard deduction under section 37 of this chapter
32on any property on which the party or the spouse of the party
33will no longer be eligible for the standard deduction under
34section 37 of this chapter after the party or the party's spouse
35begins to reside at the property that is the subject of the
36closing, including an explanation of the tax consequences and
37applicable penalties, if a party unlawfully claims a standard
38deduction under section 37 of this chapter; and
39(3) be printed in one (1) of two (2) or more colors prescribed by
40the department of local government finance that distinguish the
41form from other documents typically used in a closing referred to
42in subsection (b).
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1    (d) A closing agent:
2(1) may reproduce the form referred to in subsection (c);
3(2) in reproducing the form, must use a print color prescribed by
4the department of local government finance; and
5(3) is not responsible for the content of the form referred to in
6subsection (c) and shall be held harmless by the department of
7local government finance from any liability for the content of the
8form.
9    (e) This subsection applies to a transaction that is closed after
10 December 31, 2009. In addition to providing the customer the form
11 described in subsection (c) before closing the transaction, a closing
12 agent shall do the following as soon as possible after the closing, and
13 within the time prescribed by the department of insurance under
14 IC 27-7-3-15.5:
15(1) To the extent determinable, input the information described in
16IC 27-7-3-15.5(c)(2) into the system maintained by the
17department of insurance under IC 27-7-3-15.5.
18(2) Submit the form described in IC 27-7-3-15.5(c) to the data
19base described in IC 27-7-3-15.5(c)(2)(D).
20    (f) A closing agent to which this section applies shall document the
21 closing agent's compliance with this section with respect to each
22 transaction in the form of verification of compliance signed by the
23 customer.
24    (g) Subject to IC 27-7-3-15.5(d), a closing agent is subject to a civil
25 penalty of twenty-five dollars ($25) for each instance in which the
26 closing agent fails to comply with this section with respect to a
27 customer. The penalty:
28(1) may be enforced by the state agency that has administrative
29jurisdiction over the closing agent in the same manner that the
30agency enforces the payment of fees or other penalties payable to
31the agency; and
32(2) shall be paid into:
33(A) the state general fund, if the closing agent fails to comply
34with subsection (b); or
35(B) the home ownership education account established by
36IC 5-20-1-27, if the closing agent fails to comply with
37subsection (e) in a transaction that is closed after December
3831, 2009.
39    (h) A closing agent is not liable for any other damages claimed by
40 a customer because of:
41(1) the closing agent's mere failure to provide the appropriate
42document to the customer under subsection (b); or
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                                      14
1(2) with respect to a transaction that is closed after December 31,
22009, the closing agent's failure to input the information or
3submit the form described in subsection (e).
4     (i) The state agency that has administrative jurisdiction over a
5 closing agent shall:
6(1) examine the closing agent to determine compliance with this
7section; and
8(2) impose and collect penalties under subsection (g).
9     SECTION 9. IC 6-1.1-12-46, AS AMENDED BY P.L.230-2025,
10 SECTION 38, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
11 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 46. (a) This section
12 applies to real property for an assessment date in 2011 or a later year
13 if:
14(1) the real property is not exempt from property taxation for the
15assessment date;
16(2) title to the real property is transferred after the assessment date
17and on or before the December 31 that next succeeds the
18assessment date;
19(3) the transferee of the real property applies for an exemption
20under IC 6-1.1-11 for the next succeeding assessment date; and
21(4) the county property tax assessment board of appeals
22determines that the real property is exempt from property taxation
23for that next succeeding assessment date.
24     (b) For the assessment date referred to in subsection (a)(1), real
25 property is eligible for any deductions for which the transferor under
26 subsection (a)(2) was eligible for that assessment date under the
27 following:
28(1) IC 6-1.1-12-1 (before its repeal).
29(2) IC 6-1.1-12-9 (before its expiration).
30(3) IC 6-1.1-12-11 (before its expiration).
31(4) IC 6-1.1-12-13 (before its expiration).
32(5) IC 6-1.1-12-14.
33(6) IC 6-1.1-12-16 (before its expiration).
34(7) IC 6-1.1-12-17.4 (before its expiration).
35(8) IC 6-1.1-12-18 (before its expiration).
36(9) IC 6-1.1-12-22 (before its expiration).
37(10) IC 6-1.1-12-37.
38(11) IC 6-1.1-12-37.5.
39     (c) For the payment date applicable to the assessment date referred
40 to in subsection (a)(1), real property is eligible for the credit for
41 excessive residential property taxes under IC 6-1.1-20.6 for which the
42 transferor under subsection (a)(2) would be eligible for that payment
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                                   15
1 date if the transfer had not occurred.
2    SECTION 10. IC 6-1.1-22-19, AS ADDED BY P.L.230-2025,
3 SECTION 50, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
4 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 19. (a) This section
5 applies to real property tax statements provided to taxpayers after
6 December 31, 2025.
7    (b) In a manner determined by the department of local government
8 finance, the department of local government finance shall include on
9 the coupon page of the property tax statement prescribed by the
10 department of local government finance educational information
11 regarding the eligibility and procedures for the following deductions
12 and credit credits available to certain eligible taxpayers:
13(1) The deduction for a veteran with a partial disability under
14IC 6-1.1-12-13 (before its expiration).
15(2) The deduction for a totally disabled veteran or a veteran who
16is at least sixty-two (62) years of age who is partially disabled
17under IC 6-1.1-12-14.
18(3) The deduction for a disabled veteran under IC 6-1.1-12-14.5.
19(4) The credit for a person sixty-five (65) years of age or older
20under IC 6-1.1-51.3-1.
21(5) The credit for a disabled veteran or a veteran who is at
22least sixty-two (62) years of age under IC 6-1.1-51.3-5.
23(6) The credit for a veteran with a partial disability under
24IC 6-1.1-51.3-6.
25    SECTION 11. IC 6-1.1-37-4, AS AMENDED BY P.L.230-2025,
26 SECTION 56, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
27 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 4. A person who makes
28 a false statement, with intent to obtain the property tax deduction
29 provided in either IC 6-1.1-12-13 (before its expiration) or
30 IC 6-1.1-12-14 when the person is not entitled to the deduction,
31 commits a Class B misdemeanor.
32    SECTION 12. IC 6-1.1-51.3-5 IS ADDED TO THE INDIANA
33 CODE AS A NEW SECTION TO READ AS FOLLOWS
34 [EFFECTIVE JANUARY 1, 2026 (RETROACTIVE)]: Sec. 5. (a) An
35 individual is entitled to a credit against local property taxes
36 imposed on the individual's real property, or mobile home or
37 manufactured home within the county, if:
38(1) the individual served in the military or naval forces of the
39United States for at least ninety (90) days;
40(2) the individual received an honorable discharge;
41(3) the individual is at least sixty-two (62) years of age and has
42a disability of at least ten percent (10%);
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                                    16
1(4) the individual's disability is evidenced by:
2(A) a pension certificate or an award of compensation
3issued by the United States Department of Veterans
4Affairs; or
5(B) a certificate of eligibility issued to the individual by the
6Indiana department of veterans' affairs after the Indiana
7department of veterans' affairs has determined that the
8individual's disability qualifies the individual to receive a
9credit under this section; and
10(5) the individual:
11(A) owns the real property, mobile home, or manufactured
12home; or
13(B) is buying the real property, mobile home, or
14manufactured home under contract;
15on the date the credit is claimed, and in the case of clause (B),
16the contract or a memorandum of the contract is recorded in
17the county recorder's office.
18    (b) The amount of the credit is equal to three hundred dollars
19 ($300).
20    (c) The surviving spouse of an individual may receive the credit
21 provided by this section if:
22(1) the individual satisfied the requirements of subsection
23(a)(1) through (a)(4) at the time of death; or
24(2) the individual:
25(A) was killed in action;
26(B) died while serving on active duty in the military or
27naval forces of the United States; or
28(C) died while performing inactive duty training in the
29military or naval forces of the United States;
30 and the surviving spouse satisfies the requirement of subsection
31 (a)(5) at the time the credit is claimed. The surviving spouse is
32 entitled to the credit regardless of whether the property for which
33 the credit is claimed was owned by the deceased veteran or the
34 surviving spouse before the deceased veteran's death.
35    (d) An individual who receives the credit provided by this
36 section may not receive the credit provided by section 1 of this
37 chapter. However, the individual may receive any other property
38 tax credit that the individual is entitled to by law.
39    (e) An individual who has sold real property or a mobile home
40 or manufactured home to another person under a contract that
41 provides that the contract buyer is to pay the property taxes on the
42 real property, mobile home, or manufactured home may not claim
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                                    17
1 the credit provided under this section against that real property,
2 mobile home, or manufactured home.
3    (f) An individual wishing to claim a credit under this section
4 must file a statement, on forms prescribed by the department of
5 local government finance, with the county auditor and provide
6 documentation necessary to substantiate the individual's eligibility
7 for the credit. The statement must be completed and dated on or
8 before January 15 of the calendar year in which the property taxes
9 are first due and payable. The statement may be filed in person or
10 by mail. If mailed, the mailing must be postmarked on or before
11 the last day for filing. An individual who remains eligible for the
12 credit in the following year is not required to file a statement to
13 apply for the credit in the following year. However, an individual
14 who receives a credit under this section in a particular year and
15 who becomes ineligible for the credit in the following year shall
16 notify the auditor of the county in which the homestead is located
17 of the individual's ineligibility not later than sixty (60) days after
18 the individual becomes ineligible.
19    SECTION 13. IC 6-1.1-51.3-6 IS ADDED TO THE INDIANA
20 CODE AS A NEW SECTION TO READ AS FOLLOWS
21 [EFFECTIVE JANUARY 1, 2026 (RETROACTIVE)]: Sec. 6. (a) An
22 individual is entitled to a credit against local property taxes
23 imposed on the individual's real property, mobile home, or
24 manufactured home within the county, if:
25      (1) the individual served in the military or naval forces of the
26      United States during any of its wars;
27      (2) the individual received an honorable discharge;
28      (3) the individual has a disability with a service connected
29      disability of ten percent (10%) or more;
30      (4) the individual's disability is evidenced by:
31(A) a pension certificate, an award of compensation, or a
32disability compensation check issued by the United States
33Department of Veterans Affairs; or
34(B) a certificate of eligibility issued to the individual by the
35Indiana department of veterans' affairs after the Indiana
36department of veterans' affairs has determined that the
37individual's disability qualifies the individual to receive a
38credit under this section; and
39      (5) the individual:
40(A) owns the real property, mobile home, or manufactured
41home; or
42(B) is buying the real property, mobile home, or
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                                   18
1manufactured home under contract;
2on the date the credit is claimed, and in the case of clause (B),
3the contract or a memorandum of the contract is recorded in
4the county recorder's office.
5     (b) The amount of the credit is equal to four hundred dollars
6 ($400).
7     (c) The surviving spouse of an individual may receive the credit
8 provided by this section if the individual satisfied the requirements
9 of subsection (a)(1) through (a)(4) at the time of death and the
10 surviving spouse satisfies the requirement of subsection (a)(5) at
11 the time the credit is claimed. The surviving spouse is entitled to
12 the credit regardless of whether the property for which the credit
13 is claimed was owned by the deceased veteran or the surviving
14 spouse before the deceased veteran's death.
15     (d) An individual who receives the credit provided by this
16 section may not receive the credit provided by section 1 of this
17 chapter. However, the individual may receive any other property
18 tax credit that the individual is entitled to by law.
19     (e) An individual who has sold real property or a mobile home
20 or manufactured home to another person under a contract that
21 provides that the contract buyer is to pay the property taxes on the
22 real property, mobile home, or manufactured home may not claim
23 the credit provided under this section against that real property,
24 mobile home, or manufactured home.
25     (f) An individual wishing to claim a credit under this section
26 must file a statement, on forms prescribed by the department of
27 local government finance, with the county auditor and provide
28 documentation necessary to substantiate the individual's eligibility
29 for the credit. The statement must be completed and dated on or
30 before January 15 of the calendar year in which the property taxes
31 are first due and payable. The statement may be filed in person or
32 by mail. If mailed, the mailing must be postmarked on or before
33 the last day for filing. An individual who remains eligible for the
34 credit in the following year is not required to file a statement to
35 apply for the credit in the following year. However, an individual
36 who receives a credit under this section in a particular year and
37 who becomes ineligible for the credit in the following year shall
38 notify the auditor of the county in which the homestead is located
39 of the individual's ineligibility not later than sixty (60) days after
40 the individual becomes ineligible.
41     SECTION 14. IC 6-1.1-53 IS ADDED TO THE INDIANA CODE
42 AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE
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                                   19
1 JANUARY 1, 2026 (RETROACTIVE)]:
2    Chapter 53. Maximum Property Tax Liability Credit for
3 Certain Veterans
4    Sec. 1. This chapter applies only to property taxes imposed for
5 assessment dates after December 31, 2025, and before January 1,
6 2033.
7    Sec. 2. As used in this chapter, "qualified individual" means an
8 individual who:
9      (1) received a property tax deduction for the January 1, 2025,
10      assessment date under IC 6-1.1-12-13 (before its expiration);
11      and
12      (2) is entitled to and is claiming a property tax credit for the
13      current assessment date under:
14(A) IC 6-1.1-51.3-5; or
15(B) IC 6-1.1-51.3-6.
16    Sec. 3. For each assessment date, each county auditor shall
17 determine the following with respect to each qualified individual
18 on whose real property, or mobile home or manufactured home
19 within the county, property taxes will be imposed in the county:
20      (1) The qualified individual's net property tax liability for the
21      assessment date before application of any credit under this
22      chapter.
23      (2) The qualified individual's net property tax liability for the
24      assessment date before application of any credit under this
25      chapter and calculated as if:
26(A) the applicable property tax credit described in section
272(2) of this chapter, and the corresponding credit amount,
28were not in effect; and
29(B) the property tax deduction described in section 2(1) of
30this chapter that the qualified individual received for the
31January 1, 2025, assessment date, and the corresponding
32deduction amount, remain in effect.
33    Sec. 4. A qualified individual is entitled to a credit against local
34 property taxes imposed for an assessment date on the qualified
35 individual's real property, or mobile home or manufactured home
36 within the county, in an amount equal to the greater of:
37      (1) zero (0); or
38      (2) the result of:
39(A) the amount determined under section 3(1) of this
40chapter; minus
41(B) the amount determined under section 3(2) of this
42chapter.
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                                     20
1     Sec. 5. A credit under this chapter is in addition to a property
2 tax credit applied under IC 6-1.1-51.3 and shall be applied to a
3 qualified individual's property tax liability for the year in the
4 manner set forth in IC 6-1.1-51.3-0.5.
5     Sec. 6. A qualified individual is not required to file an
6 application for the credit under this chapter.
7     SECTION 15. IC 6-6-5-5, AS AMENDED BY P.L.230-2025,
8 SECTION 87, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
9 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 5. A person that owns a
10 vehicle and that is entitled to a property tax deduction under
11 IC 6-1.1-12-13 (before its expiration), IC 6-1.1-12-14, or
12 IC 6-1.1-12-16 (before its expiration) is entitled to a credit against the
13 vehicle excise tax as follows: Any remaining deduction from assessed
14 valuation to which the person is entitled, applicable to property taxes
15 payable in the year in which the excise tax imposed by this chapter is
16 due, after allowance of the deduction on real estate and personal
17 property owned by the person, shall reduce the vehicle excise tax in the
18 amount of two dollars ($2) on each one hundred dollars ($100) of
19 taxable value or major portion thereof. The county auditor shall, upon
20 request, furnish a certified statement to the person verifying the credit
21 allowable under this section, and the statement shall be presented to
22 and retained by the bureau to support the credit.
23     SECTION 16. IC 6-6-5-5.2, AS AMENDED BY P.L.230-2025,
24 SECTION 88, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
25 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 5.2. (a) This section
26 applies to a registration year beginning after December 31, 2013.
27     (b) Subject to subsection (d), an individual may claim a credit
28 against the tax imposed by this chapter upon a vehicle owned by the
29 individual if the individual is eligible for the credit under any of the
30 following:
31(1) The individual meets all the following requirements:
32(A) The individual served in the military or naval forces of the
33United States during any of its wars.
34(B) The individual received an honorable discharge.
35(C) The individual has a disability with a service connected
36disability of ten percent (10%) or more.
37(D) The individual's disability is evidenced by:
38(i) a pension certificate, an award of compensation, or a
39disability compensation check issued by the United States
40Department of Veterans Affairs; or
41(ii) a certificate of eligibility issued to the individual by the
42Indiana department of veterans' affairs after the Indiana
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                                     21
1department of veterans' affairs has determined that the
2individual's disability qualifies the individual to receive a
3credit under this section.
4(E) The individual does not own property to which a property
5tax deduction may be applied under IC 6-1.1-12-13 (before its
6expiration).
7(2) The individual meets all the following requirements:
8(A) The individual served in the military or naval forces of the
9United States for at least ninety (90) days.
10(B) The individual received an honorable discharge.
11(C) The individual either:
12(i) has a total disability; or
13(ii) is at least sixty-two (62) years of age and has a disability
14of at least ten percent (10%).
15(D) The individual's disability is evidenced by:
16(i) a pension certificate or an award of compensation issued
17by the United States Department of Veterans Affairs; or
18(ii) a certificate of eligibility issued to the individual by the
19Indiana department of veterans' affairs after the Indiana
20department of veterans' affairs has determined that the
21individual's disability qualifies the individual to receive a
22credit under this section.
23(E) The individual does not own property to which a property
24tax deduction may be applied under IC 6-1.1-12-14.
25(3) The individual meets both of the following requirements:
26(A) The individual is the surviving spouse of any of the
27following:
28(i) An individual who would have been eligible for a credit
29under this section if the individual had been alive in 2013
30and this section had been in effect in 2013.
31(ii) An individual who received a credit under this section in
32the previous calendar year.
33(iii) A World War I veteran.
34(B) The individual does not own property to which a property
35tax deduction may be applied under IC 6-1.1-12-13 (before its
36expiration), IC 6-1.1-12-14, or IC 6-1.1-12-16 (before its
37expiration).
38     (c) The amount of the credit that may be claimed under this section
39 is equal to the lesser of the following:
40(1) The amount of the excise tax liability for the individual's
41vehicle as determined under section 3 or 3.5 of this chapter, as
42applicable.
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                                    22
1(2) Seventy dollars ($70).
2     (d) The maximum number of motor vehicles for which an individual
3 may claim a credit under this section is two (2).
4     (e) An individual may not claim a credit under both:
5(1) this section; and
6(2) section 5 of this chapter.
7     (f) The credit allowed by this section must be claimed on a form
8 prescribed by the bureau. An individual claiming the credit must attach
9 to the form an affidavit from the county auditor stating that the
10 claimant does not own property to which a property tax deduction may
11 be applied under IC 6-1.1-12-13 (before its expiration),
12 IC 6-1.1-12-14, or IC 6-1.1-12-16 (before its expiration).
13     SECTION 17. IC 6-6-6.5-13, AS AMENDED BY P.L.230-2025,
14 SECTION 89, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
15 JANUARY 1, 2026 (RETROACTIVE)]: Sec. 13. (a) As the basis for
16 measuring the tax imposed by this chapter, the department shall
17 classify every taxable aircraft in its proper class according to the
18 following classification plan:
19CLASS  DESCRIPTION
20A  Piston-driven
21B  Piston-driven,
22and Pressurized
23C  Turbine driven
24or other Powered
25D  Homebuilt, Gliders, or
26Hot Air Balloons
27     (b) The tax imposed under this chapter is based on the age, class,
28 and maximum landing weight of the taxable aircraft. The amount of tax
29 imposed on the taxable aircraft is based on the following table:
30    Age  Class A        Class B        Class C     Class D
31    0-4  $.04/lb       $.065/lb        $.09/lb     $.0175/lb
32    5-8  $.035/lb      $.055/lb        $.08/lb     $.015/lb
33    9-12  $.03/lb       $.05/lb  $.07/lb     $.0125/lb
34    13-16  $.025/lb      $.025/lb        $.025/lb    $.01/lb
35    17-25  $.02/lb       $.02/lb  $.02/lb     $.0075/lb
36    over 25        $.01/lb       $.01/lb  $.01/lb     $.005/lb
37     (c) An aircraft owner, who sells an aircraft on which the owner has
38 paid the tax imposed under this chapter, is entitled to a credit for the
39 tax paid. The credit equals excise tax paid on the aircraft that was sold,
40 times the lesser of:
41(1) ninety percent (90%); or
42(2) ten percent (10%) times the number of months remaining in
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                                    23
1the registration year after the sale of the aircraft.
2 The credit may only be used to reduce the tax imposed under this
3 chapter on another aircraft purchased by that owner during the
4 registration year in which the credit accrues. A person may not receive
5 a refund for a credit under this subsection.
6    (d) A person who is entitled to a property tax deduction under
7 IC 6-1.1-12-13 (before its expiration) or IC 6-1.1-12-14 is entitled to
8 a credit against the tax imposed on the person's aircraft under this
9 chapter. The credit equals the amount of the property tax deduction to
10 which the person is entitled under IC 6-1.1-12-13 (before its
11 expiration) and IC 6-1.1-12-14 minus the amount of that deduction
12 used to offset the person's property taxes or vehicle excise taxes, times
13 seven hundredths (.07). The credit may not exceed the amount of the
14 tax due under this chapter. The county auditor shall, upon the person's
15 request, furnish a certified statement showing the credit allowable
16 under this subsection. The department may not allow a credit under this
17 subsection until the auditor's statement has been filed in the
18 department's office.
19    SECTION 18. [EFFECTIVE JANUARY 1, 2026
20 (RETROACTIVE)] (a) IC 6-1.1-51.3-5 and IC 6-1.1-51.3-6, both as
21 added by this act, apply to property taxes imposed for assessment
22 dates after December 31, 2025.
23    (b) This SECTION expires January 1, 2028.
24    SECTION 19. [EFFECTIVE JANUARY 1, 2026
25 (RETROACTIVE)] (a) IC 6-1.1-12-14, as amended by this act,
26 applies to property taxes for assessment dates after December 31,
27 2025.
28    (b) This SECTION expires January 1, 2028.
29    SECTION 20. An emergency is declared for this act.
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