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Indiana General Assembly
Senate Bill 0059


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Senate Bill 0059

ARCHIVE (2004)

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Tax credits. Provides that the homestead credit and the property tax replacement credit do not apply to taxes on the part of the assessed value of a homestead that is over $300,000. Establishes an income tax credit for an individual in a specified income range for the lesser of $375 or the amount by which the property taxes on the individual's homestead exceed a percentage of the individual's adjusted gross income.
    Current Status:
     In Committee - first House
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