Section 6-3.1-20-4 - Entitlement to credit(a) Except as provided in subsections (b) and (c), an individual is entitled to a credit under this chapter if:(1) the individual's Indiana income for the taxable year is less than eighteen thousand six hundred dollars ($18,600); and(2) the individual pays property taxes in the taxable year on a homestead that: (A) the individual: (ii) is buying under a contract that requires the individual to pay property taxes on the homestead, if the contract or a memorandum of the contract is recorded in the county recorder's office; and(B) is located in a county having a population of more than four hundred thousand (400,000) and less than seven hundred thousand (700,000).(b) An individual is not entitled to a credit under this chapter for a taxable year for property taxes paid on the individual's homestead if the individual claims the deduction under IC 6-3-1-3.5(a)(13) for the homestead for that same taxable year.(c) In the case of a married individual filing a separate return, the income amount in subsection (a) shall be fifty percent (50%) of the amount listed in that subsection.Amended by P.L. 11-2023,SEC. 26, eff. 7/1/2023.Amended by P.L. 146-2020,SEC. 29, eff. 1/1/2021.Amended by P.L. 250-2015, SEC. 29, eff. 1/1/2016.Amended by P.L. 166-2014, SEC. 23, eff. 1/1/2015.Amended by P.L. 13-2013, SEC. 22, eff. 4/1/2013.Amended by P.L. 6-2012, SEC. 53, eff. 2/22/2012.As added by P.L. 151-2001, SEC.5.