On March 21, 2022, Governor Eric J Holcomb signed into law House Enrolled Act 1260-2022 ("HEA 1260"). Section 12 of HEA 1260 repeals the mortgage deductions in its entirety, effective January 1, 2023. This means that beginning January 1, 2023, individuals will no longer be able to apply for this property tax deduction and county auditors will no longer apply the mortgage deduction to property tax bills beginning with the 2023 Pay 2024 cycle. Instead, the General Assembly has added $3,000 to the homestead deduction, effective for assessment dates after December 31, 2022.