Indiana Code — Title 6 (Taxation)

IC 6-1.1-49-3

"Qualified individual"

Official textiga.in.govlast amended 2023

Sec. 3. As used in this chapter, "qualified individual" means an individual who:

# (1)

has received a standard deduction granted under IC 6-1.1-12-37 for the individual's homestead property in the immediately preceding calendar year (or was married at the time of death to a deceased spouse who qualified for a standard deduction granted under IC 6-1.1-12-37 for the individual's homestead property in the immediately preceding calendar year);

# (2)

is receiving a standard deduction granted under IC 6-1.1-12-37 for the same homestead property in the current calendar year;

# (3)

has lived in the homestead for at least ten (10) years on or before December 31 of the calendar year immediately preceding the current calendar year;

# (4)

is fifty-five (55) years of age or older on or before December 31 of the calendar year preceding the year in which the credit is claimed; and

# (5)

had:

# (A)

in the case of an individual who filed a single return, adjusted gross income (as defined in Section 62 of the Internal Revenue Code) not exceeding the amount specified in the ordinance adopted by the county under section 4(c)(2) of this chapter; or

# (B)

in the case of an individual who filed a joint income tax return with the individual's spouse, combined adjusted gross income (as defined in Section 62 of the Internal Revenue Code) not exceeding the amount specified in the ordinance adopted by the county under section 4(c)(2) of this chapter;
for the calendar year preceding by two (2) years the calendar year in which property taxes are first due and payable.
As added by P.L.95-2023, SEC.1.

Amendment history

As added by P.L.95-2023, SEC.1.

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