Partially disabled veteran; prerequisite for deduction
Sec. 13. (a) Except as provided in section 40.5 of this chapter, an
individual may have twenty-four thousand nine hundred sixty dollars
($24,960) deducted from the assessed value of the taxable tangible
property that the individual owns, or real property, a mobile home
not assessed as real property, or a manufactured home not assessed
as real property that the individual is buying under a contract that
provides that the individual 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 individual served in the military or naval forces of the
United States during any of its wars;
(2) the individual received an honorable discharge;
(3) the individual is disabled with a service connected disability
of ten percent (10%) or more; and
(4) the individual's disability is evidenced by:
(A) a pension certificate, an award of compensation, or a
disability compensation check issued by the United States
Department of Veterans Affairs; or
(B) a certificate of eligibility issued to the individual by the
Indiana department of veterans' affairs after the Indiana
department of veterans' affairs has determined that the
individual's disability qualifies the individual to receive a
deduction under this section.
(b) The surviving spouse of an individual may receive the
deduction provided by this section if the individual would qualify for
the deduction if the individual were alive.
(c) One who receives the deduction provided by this section may
not receive the deduction provided by section 16 of this chapter.
However, the individual may receive any other property tax
deduction which the individual is entitled to by law.
(d) 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.5.) As
amended by Acts 1982, P.L.45, SEC.5; P.L.68-1983, SEC.1;
P.L.60-1985, SEC.1; P.L.1-1990, SEC.68; P.L.6-1997, SEC.48;
P.L.123-1999, SEC.1; P.L.291-2001, SEC.135; P.L.20-2004, SEC.3.
Last modified: May 28, 2006