Sec. 6. (a) Each taxable year, an individual who rents a dwelling for use as the individual's principal place of residence may deduct from the individual's adjusted gross income (as defined in IC 6-3-1-3.5 (a)), the lesser of: (1) the amount of rent paid by the individual with respect to the dwelling during the taxable year; or (2) three thousand dollars ($3,000). (b) Notwithstanding subsection (a): (1) a married couple filing a joint return for a particular taxable year may not claim a deduction under this section of more than three thousand dollars ($3,000); and (2) a married individual filing a separate return for a particular taxable year may not claim a deduction under this section of more than one thousand five hundred dollars ($1,500). (c) The deduction provided by this section does not apply to an individual who rents a dwelling that is exempt from Indiana property tax. (d) For purposes of this section, a "dwelling" includes a single family dwelling and unit of a multi-family dwelling.
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