Text: HF2236            Text: HF2238
Complete Bill History


House File 2237

HOUSE FILE BY WINDSCHITL, ZIRKELBACH, and CHAMBERS A BILL FOR 1 An Act relating to an additional homestead credit available 2 to disabled veterans and including effective date and 3 applicability provisions. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5968YH (4) 83 md/sc PAG LIN 1 1 Section 1. NEW SECTION. 425.15A Disabled veteran tax 1 2 freeze. 1 3 1. For purposes of this section, unless the context 1 4 otherwise requires: 1 5 a. "Base year" means the fiscal year immediately preceding 1 6 the first fiscal year in which the additional homestead 1 7 credit under this section is allowed on the disabled veteran's 1 8 homestead. 1 9 b. "Disabled veteran" means either of the following: 1 10 (1) A veteran who is entitled to compensation or who, but 1 11 for the receipt of military retirement pay, would be entitled 1 12 to compensation under laws administered by the secretary of the 1 13 United States department of veterans affairs. 1 14 (2) A person who was discharged or released from active duty 1 15 because of a service=connected disability. 1 16 2. A disabled veteran who is eligible for the credit allowed 1 17 under section 425.1 may claim an additional homestead credit 1 18 pursuant to this section. To claim the credit under this 1 19 section, the disabled veteran shall file on or before June 30 1 20 of the base year for which the veteran is first claiming the 1 21 credit. The amount of the credit equals the amount of property 1 22 taxes, less the regular homestead credit allowed under section 1 23 425.1, due and payable in the coming fiscal year that exceeds 1 24 the amount of property taxes, less the regular homestead credit 1 25 allowed under section 425.1, that were due and payable in the 1 26 base year. The credit under this section is payable from the 1 27 homestead credit fund created in section 425.1. 1 28 3. Upon the filing and allowance of the claim, the claim 1 29 shall be allowed on the disabled veteran's homestead for 1 30 successive years without further filing as long as the property 1 31 is legally and equitably owned and used as a homestead by 1 32 the disabled veteran on July 1 of each of those successive 1 33 years. The credit allowed shall be continued to the estate 1 34 of the disabled veteran who is deceased or the surviving 1 35 spouse and any child, as defined in section 234.1, who are the 2 1 beneficiaries of the deceased, disabled veteran, so long as the 2 2 surviving spouse remains unmarried. 2 3 Sec. 2. EFFECTIVE DATE AND APPLICABILITY. This Act, being 2 4 deemed of immediate importance, takes effect upon enactment 2 5 and applies to property taxes due and payable in fiscal years 2 6 beginning on or after July 1, 2010. 2 7 EXPLANATION 2 8 This bill provides that the property tax on a disabled 2 9 veteran's homestead shall not increase from year to year. To 2 10 receive this credit, the veteran must file on or before June 30 2 11 in a manner similar to filing for the regular homestead credit. 2 12 Once the claim is filed and allowed, the veteran does not have 2 13 to file for successive years so long as the property is still 2 14 owned and used by the veteran as a homestead. 2 15 A disabled veteran is one who is entitled to compensation for 2 16 injuries from active duty or would have received compensation 2 17 but for retirement pay or is one who was discharged or released 2 18 from active duty because of a service=connected disability. 2 19 The bill takes effect upon enactment and applies to property 2 20 taxes due and payable in fiscal years beginning on or after 2 21 July 1, 2010. LSB 5968YH (4) 83 md/sc
Text: HF2236            Text: HF2238 Complete Bill History