IC 6-1.1-12-17.9 — Trust eligibility for certain deductions; requirements

Bills amending this section

• HB 12102026Signed into laweffective January 1, 2026

  Department of local government finance.

• HB 10232026In committeeeffective January 1, 2025

  Deduction for surviving spouses of WW I veterans.

• HB 11872026In committeeeffective January 1, 2026

  Property tax credits for veterans.

Section text

Sec. 17.9. A trust is entitled to a deduction under section 9 (before its expiration), 11 (before its expiration), 13 (before its expiration), 16, or 17.4 (before its expiration) of this chapter for real property owned by the trust and occupied by an individual if the county auditor determines that the individual: (1) upon verification in the body of the deed or otherwise, has either: (A) a beneficial interest in the trust; or (B) the right to occupy the real property rent free under the terms of a qualified personal residence trust created by the individual under United States Treasury Regulation 25.2702-5(c)(2); and (2) otherwise qualifies for the deduction.

As added by P.L.95-2007, SEC.2. Amended by P.L.101-2008, SEC.2; P.L.250-2015, SEC.6; P.L.190-2016, SEC.1; P.L.68-2025, SEC.31; P.L.230-2025, SEC.36; P.L.157-2026, SEC.53.

Source: official publisher (2026 edition)