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HB 1018

Old home repair tax credit.

2025 Regular Session Introduced by Matt Commons and 1 co-sponsor

Indiana proposes tax credits for homeowners repairing older residences, incentivizing renovations but reducing state tax revenue with uncertain fiscal impact.

Representative Commons added as coauthor
#taxes;credits
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WeVote Research Nonpartisan
Bill Summary · HB 1018

Legislative bill overview

HB 1018 establishes a tax credit for homeowners who repair or rehabilitate older homes in Indiana. The bill incentivizes investment in aging residential properties by allowing taxpayers to claim a credit against their state income tax liability for qualifying renovation expenses.

Why is this important

Older housing stock deterioration can destabilize neighborhoods and reduce property values in affected areas. This tax credit could encourage private investment in home improvements while potentially revitalizing communities with aging housing infrastructure, though it requires state revenue to fund the tax breaks.

Potential points of contention

  • Revenue impact: The state loses tax revenue for each credit claimed, requiring clarification on fiscal cost and whether it's offset elsewhere
  • Income targeting: No information available on whether credits favor wealthy homeowners with larger renovations versus middle-income families with modest repairs
  • Definition ambiguity: The criteria for what constitutes an "old" home and which repairs qualify remain unclear from the bill summary
  • Equity concerns: Whether renters and those unable to afford home ownership benefit from state resources directed toward property owners

Compiled from official sources — confirm details with the bill’s official record.

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