Moseley authors legislation to help senior Hoosier homeowners
INDIANAPOLIS - This week, Rep. Chuck Moseley (D-Portage) filed legislative bills addressing concerns laid out by constituents in survey results from Indiana House District 10. Among these four bills, House Bill 1308 provides Hoosiers 65 and older with additional property tax relief and a circuit breaker credit.
HB 1308 also increases the eligibility level for these tax breaks from property worth $200,000 to $300,000. According to fiscal analysis from the Legislative Services Agency, this change would provide supplemental relief to between 15,000-19,000 senior Hoosier property owners.
To further assist Hoosier seniors, the circuit breaker credit included in HB 1308 caps property tax increases at two percent per year for qualified homeowners.
“House Bill 1308 would provide sorely needed assistance to our Hoosier seniors,” Moseley said. “By increasing the limit on senior property tax deductions, we can help keep seniors in their homes by combating the growing tax burden associated with rising residential market values.
“Many Hoosier senior citizens are on fixed incomes each month, and capping property tax increases at two percent per year for these homeowners is the right thing to do. This circuit breaker credit will put money back into the pockets of families around our state that need it most.”