Surviving spouse of veteran; prerequisites for deduction
Sec. 16. (a) Except as provided in section 40.5 of this chapter, a
surviving spouse may have the sum of eighteen thousand seven
hundred twenty dollars ($18,720) deducted from the assessed value
of his or her tangible property, or real property, mobile home not
assessed as real property, or manufactured home not assessed as real
property that the surviving spouse is buying under a contract that
provides that he is to pay property taxes on the real property, mobile
home, or manufactured home, if the contract or a memorandum of
the contract is recorded in the county recorder's office, and if:
(1) the deceased spouse served in the military or naval forces of
the United States before November 12, 1918; and
(2) the deceased spouse received an honorable discharge.
(b) A surviving spouse who receives the deduction provided by
this section may not receive the deduction provided by section 13 of
this chapter. However, he or she may receive any other deduction
which he or she is entitled to by law.
(c) An individual who has sold real property, a mobile home not
assessed as real property, or a manufactured home not assessed as
real property to another person under a contract that provides that the
contract buyer is to pay the property taxes on the real property,
mobile home, or manufactured home may not claim the deduction
provided under this section against that real property, mobile home,
or manufactured home.
(Formerly: Acts 1975, P.L.47, SEC.1; Acts 1975, P.L.21, SEC.7.) As
amended by Acts 1978, P.L.33, SEC.2; Acts 1982, P.L.45, SEC.8;
P.L.6-1997, SEC.50; P.L.291-2001, SEC.138; P.L.20-2004, SEC.5.
Last modified: May 28, 2006