Indiana § 6-1.1-49-3 "Qualified individual"

Indiana Statutes

§ 6-1.1-49-3 — "Qualified individual"

Indiana § 6-1.1-49-3

Art. 1.1PROPERTY TAXES

Ch. 49County Option Circuit Breaker Tax Credit

This text of Indiana § 6-1.1-49-3 ("Qualified individual") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-1.1-49-3 (2026).

Text

As used in this chapter, "qualified individual" means an individual who:

(1)has received a standard deduction granted under IC 6-1.1-12-37 for the individual's homestead property in the immediately preceding calendar year (or was married at the time of death to a deceased spouse who qualified for a standard deduction granted under IC 6-1.1-12-37 for the individual's homestead property in the immediately preceding calendar year);

(2)is receiving a standard deduction granted under IC 6-1.1-12-37 for the same homestead property in the current calendar year;

(3)has lived in the homestead for at least ten (10) years on or before December 31 of the calendar year immediately preceding the current calendar year;

(4)is fifty-five (55) years of age or older on or before December 31 of the calend

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As used in this chapter, "qualified individual"
means an individual who:
(1) has received a standard deduction granted under IC 6-1.1-12-37 for the individual's homestead property in the
immediately preceding calendar year (or was married at the time
of death to a deceased spouse who qualified for a standard
deduction granted under IC 6-1.1-12-37 for the individual's
homestead property in the immediately preceding calendar year);
(2) is receiving a standard deduction granted under IC 6-1.1-12-37 for the same homestead property in the current
calendar year;
(3) has lived in the homestead for at least ten (10) years on or
before December 31 of the calendar year immediately preceding
the current calendar year;
(4) is fifty-five (55) years of age or older on or before December
31 of the calendar year preceding the year in which the credit is
claimed; and
(5) had:
(A) in the case of an individual who filed a single return,
adjusted gross income (as defined in Section 62 of the Internal
Revenue Code) not exceeding the amount specified in the
ordinance adopted by the county under section 4(c)(2) of this
chapter; or
(B) in the case of an individual who filed a joint income tax
return with the individual's spouse, combined adjusted gross
income (as defined in Section 62 of the Internal Revenue Code)
not exceeding the amount specified in the ordinance adopted by
the county under section 4(c)(2) of this chapter;
for the calendar year preceding by two (2) years the calendar year
in which property taxes are first due and payable.