IC 6-3.1-20-4 — Entitlement to credit
Chapter 20. Income Tax Credit for Property Taxes Paid on Homesteads
Section text
Sec. 4. (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.
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.
Source: official publisher (2026 edition)