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Bill Watch, Jan. 15, 2019: Current Tax Law Legislation of Note - Taxation News

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Tax News


Posted on: Jan 15, 2019

The IndyBar Legislative Committee is currently monitoring the following tax law related legislation. IndyBar members can request that the Legislative Committee track specific legislation by contacting committee chair Mindy Westrick at mindy.westrick@faegrebd.com.

Click here to view the full Bill Watch reports.

HB1056    HOMESTEAD STANDARD DEDUCTION APPEALS. (MANNING E) Changes the process concerning a taxpayer's appeal of an error related to the approval, denial, or omission of a homestead standard deduction. Requires the notice of appeal to be filed with the county auditor instead of the county assessor. Provides that the county auditor is the party representing the county before the county property tax assessment board of appeals and any appeal of the board's decision.

HB1153    AGE 65 AND OLDER PROPERTY TAX DEDUCTION. (HARRIS JR. E) Provides for a property tax deduction for individuals at least 65 years of age on real property, mobile homes not assessed as real property, and manufactured homes not assessed as real property in an amount equal to one-half of the assessed value of the real property, mobile home, or manufactured home. (Current law provides for a deduction equal to the lesser of one-half of the assessed value or $12,480.)

SB179    ENTERTAINMENT. (ALTING R) Amends the definition of "entertainment" for purposes of alcohol regulation to include meals and entertainment that were deductible as business expenses before the enactment of the federal Tax Cuts and Jobs Act of 2017.

SB209    TAX DEDUCTION FOR HEALTH CARE SHARING EXPENSES. (CRANE J) Provides that an individual who is an Indiana resident and a member of a health care sharing ministry is entitled to an adjusted gross income tax deduction for a taxable year equal to the total amount of qualified health care sharing expenses paid by the taxpayer during the taxable year.

SB233    BUSINESS PERSONAL PROPERTY TAX EXEMPTION. (FREEMAN A) Increases, from $20,000 to $40,000, the acquisition cost threshold for the business personal property tax exemption.

SB239    PROPERTY TAX ASSESSMENT APPEALS. (FREEMAN A) Repeals a statute requiring the Indiana board of tax review (board) to recommend that parties settle or mediate any case pending before the board if certain conditions are met. Provides that certain burden shifting requirements do not apply if the assessment that is the subject of the review or appeal is based on substantial renovations or new improvements. Provides that "small claim" means an appeal where the parties have elected to proceed under the board's small claims rules. (Current law defines the term as an appeal of a final determination of assessed valuation that does not exceed $1,000,000.) Provides that a party must be able to elect out of the small claims rules.

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