Increases the property tax deduction for a veteran who is totally disabled to an amount equal to 100% of the assessed value of the individual's real property (instead of $14,000). Expires property tax deductions for certain veterans, and, beginning with property taxes imposed for the 2026 assessment date and thereafter, instead provides a property tax liability credit against local property taxes for veterans who previously claimed a deduction. Includes a mechanism to establish an additional maximum property tax liability credit for a veteran who previously claimed a deduction.

Statutes affected:
Introduced House Bill (H): 6-1.1-12-13, 6-1.1-12-14, 6-1.1-12-14.5, 6-1.1-12-15, 6-1.1-12-16, 6-1.1-12-17.8, 6-1.1-12-17.9, 6-1.1-12-46, 6-1.1-22-19, 6-1.1-37-4, 6-6-5-5, 6-6-5-5.2, 6-6-6.5-13