KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB1156 • 2026

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Representative Heath VanNatter
Last action
2026-01-05
Official status
Introduced House Bill (H)
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on how the calculation of property tax deductions will change, only that it removes the assessed value cap.

Veterans Property Tax Deduction Changes

This bill removes the assessed value cap for property tax deductions for certain veterans in Indiana.

What This Bill Does

  • Eliminates the assessed value limit for veterans who are totally disabled and qualify for a property tax deduction.
  • Removes the assessed value limit for veterans aged 62 or older with at least a 10% disability who get a property tax deduction.

Who It Names or Affects

  • Veterans with total disabilities
  • Veterans aged 62 or older with at least a 10% disability

Terms To Know

Property Tax Deduction
A reduction in the amount of property tax owed by eligible individuals.
Assessed Value Cap
The maximum value of a property that can be used to calculate a tax deduction.

Limits and Unknowns

  • It is not clear how many veterans will benefit from this change.
  • The bill does not specify when the changes would take effect.

Bill History

  1. 2026-01-05 House

    Authored by Representative VanNatter

  2. 2026-01-05 House

    First reading: referred to Committee on Ways and Means

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Veterans property tax deduction.

Current Bill Text

Read the full stored bill text 
A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Veterans property tax deduction.

Eliminates the assessed value cap that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability.