Indiana Statutes
§ 6-1.1-49-7 — Amount of the credit
Indiana § 6-1.1-49-7
This text of Indiana § 6-1.1-49-7 (Amount of the credit) 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 § 6-1.1-49-7 (2026).
Text
The amount of the credit under this chapter is equal to the greater of zero (0) or the result of:
(1)the property tax liability first due and payable on the qualified
individual's homestead property for the calendar year (excluding
any property tax liability imposed in a voter approved referendum
levy); minus
(2)the result of:
(A)the property tax liability first due and payable on the
qualified individual's homestead property for the immediately
preceding year after the application of the credit granted under
this section for that year (excluding any property tax liability
imposed in a voter approved referendum levy); multiplied by
(B)the sum of:
(i)the percentage adopted in an ordinance under section
4(c)(3) of this chapter, expressed as a decimal; plus
(ii)one (1).
However, the cre
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Legislative History
As added by P.L.95-2023, SEC.1.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-49-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-49-7.