SF 330 (LSB 1620XS (3) 86)

SENATE FILE 330

BY  SMITH

A BILL FOR

An Act relating to filing deadlines for the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  2015 Iowa Acts, House File 166, if enacted, is amended by adding the following new section:
   NEW SECTION.  SEC. 6.  EXCEPTION TO APPLICATION FILING DEADLINE.  Notwithstanding the filing deadline under section 425.2, claims for the homestead credit authorized under section 425.15, as amended in this Act, filed after July 1, 2014, but before January 1, 2015, shall be considered to be a claim properly filed for taxes due and payable in the fiscal year beginning July 1, 2015.
    Sec. 2.  EFFECTIVE UPON ENACTMENT.  This Act, being deemed of immediate importance, takes effect upon enactment.
    Sec. 3.  RETROACTIVE APPLICABILITY.  This Act applies retroactively to the effective date of 2015 Iowa Acts, House File 166, if enacted.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   2015 Iowa Acts, House File 166, amends the eligibility criteria for the homestead credit provided under Code section 425.15 to certain disabled veterans, disabled members of the national guard, and surviving family members. House File 166 takes effect upon enactment and applies retroactively to May 26, 2014, for applications for the homestead credit filed on or after that date.
   This bill amends House File 166, if enacted, to specify that, notwithstanding the July 1 filing deadline under Code section 425.2, a claim for the homestead credit authorized under Code section 425.15 filed after July 1, 2014, but before January 1, 2015, shall be considered to be a claim properly filed for taxes due and payable in the fiscal year beginning July 1, 2015.
   The bill takes effect upon enactment and applies retroactively to the effective date of House File 166, if enacted.