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Bill Title: 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;

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-01-10 - First reading: referred to Committee on Appropriations [SB0415 Detail]

Download: Indiana-2017-SB0415-Introduced.pdf

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