Indiana § 6-3.1-20-4 Entitlement to credit

Indiana Statutes

§ 6-3.1-20-4 — Entitlement to credit

Indiana § 6-3.1-20-4

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 20Income Tax Credit for Property Taxes Paid on

This text of Indiana § 6-3.1-20-4 (Entitlement to 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 § 6-3.1-20-4 (2026).

Text

(a)Except as provided in subsections (b) and

(c), an individual is entitled to a credit under this chapter if:

(1)the individual's Indiana income for the taxable year is less than eighteen thousand six hundred dollars ($18,600); and

(2)the individual pays property taxes in the taxable year on a homestead that:

(A)the individual:

(i)owns; or

(ii)is buying under a contract that requires the individual to pay property taxes on the homestead, if the contract or a memorandum of the contract is recorded in the county recorder's office; and

(B)is located in a county having a population of more than four hundred thousand (400,000) and less than seven hundred thousand (700,000).

(b)An individual is not entitled to a credit under this chapter for a taxable year for property taxes paid on the

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(a) Except as provided in subsections (b) and
(c), an individual is entitled to a credit under this chapter if:
(1) the individual's Indiana income for the taxable year is less than
eighteen thousand six hundred dollars ($18,600); and
(2) the individual pays property taxes in the taxable year on a
homestead that:
(A) the individual:
(i) owns; or
(ii) is buying under a contract that requires the individual to
pay property taxes on the homestead, if the contract or a
memorandum of the contract is recorded in the county
recorder's office; and
(B) is located in a county having a population of more than four
hundred thousand (400,000) and less than seven hundred
thousand (700,000).
(b) An individual is not entitled to a credit under this chapter for a
taxable year for property taxes paid on the individual's homestead if the
individual claims the deduction under IC 6-3-1-3.5(a)(13) for the
homestead for that same taxable year.
(c) In the case of a married individual filing a separate return, the
income amount in subsection (a) shall be fifty percent (50%) of the
amount listed in that subsection.

Legislative History

As added by P.L.151-2001, SEC.5. Amended by P.L.6-2012, SEC.53; P.L.13-2013, SEC.22; P.L.166-2014, SEC.23; P.L.250-2015, SEC.29; P.L.146-2020, SEC.29; P.L.11-2023, SEC.26.