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House File 92 - IntroducedA Bill ForAn Act 1modifying provisions relating to the additional property
2tax credit for elderly persons and including applicability
3provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 425.17, subsection 2, paragraph a, Code
22023, is amended to read as follows:
3a. “Claimant” means any of the following:
4(1) A person filing a claim for credit under this subchapter
5 who has attained the age of sixty-five years but who has
6not attained the age of seventy years on or before December
731 of the base year, a person filing a claim for credit or
8reimbursement under this subchapter who is totally disabled
9and was totally disabled on or before December 31 of the base
10year, or a person filing a claim for reimbursement under this
11subchapter who has attained the age of sixty-five years on or
12before December 31 of the base year and who is domiciled in
13this state at the time the claim is filed or at the time of the
14person’s death in the case of a claim filed by the executor or
15administrator of the claimant’s estate.
16(2) A person filing a claim for credit or reimbursement
17under this subchapter who has attained the age of twenty-three
18years on or before December 31 of the base year or was a head
19of household on December 31 of the base year, as defined in
20the Internal Revenue Code, but has not attained the age or
21disability status described in subparagraph (1) or the age
22status and eligibility criteria of subparagraph (3), and is
23domiciled in this state at the time the claim is filed or at the
24time of the person’s death in the case of a claim filed by the
25executor or administrator of the claimant’s estate, and was not
26claimed as a dependent on any other person’s tax return for the
27base year.
28(3) A person filing a claim for credit under this subchapter
29who has attained the age of seventy sixty-five years on or
30before December 31 of the base year, who has a household income
31of less than two hundred fifty percent of the federal poverty
32level, as defined by the most recently revised poverty income
33guidelines published by the United States department of health
34and human services, and is domiciled in this state at the time
35the claim is filed or at the time of the person’s death in the
-1-1case of a claim filed by the executor or administrator of the
2claimant’s estate.
3 Sec. 2. APPLICABILITY. This Act applies to claims under
4chapter 425, subchapter II, filed on or after January 1, 2024.
5EXPLANATION
6The inclusion of this explanation does not constitute agreement with
7the explanation’s substance by the members of the general assembly.
8This bill modifies the eligibility for and the calculation
9of the amount of the property tax credit under Code chapter
10425, subchapter II.
11Under current law, a person filing a claim for the property
12tax credit who is at least 65 years of age, meets certain
13income requirements, and does not meet other age and income
14eligibility criteria, is eligible for a credit based on income
15equal to specified percentages of property taxes due under
16the schedule in Code section 425.23(1)(a), but not to exceed
17$1,000. However, if the person filing a claim for the property
18tax credit is at least 70 years of age and has a household
19income of less than 250 percent of the federal poverty level,
20the tentative credit amount is equal to the greater of the
21following: (1) the amount of the credit as calculated under
22the schedule of credit amounts specified in Code section
23425.23(1)(a) as if the claimant was an eligible claimant for
24a credit under that provision; and (2) the difference between
25the actual amount of property taxes due on the homestead during
26the applicable fiscal year minus the actual amount of property
27taxes due on the homestead based on a full assessment during
28the first fiscal year for which the claimant filed for a credit
29calculated under the Code chapter and if the claimant has filed
30for the credit for each of the subsequent fiscal years after
31the first credit claimed.
32The bill modifies the eligibility for the credit under
33current law available to claimants who have reached the age
34of 70 with a household income of less than 250 percent of the
35federal poverty level to include claimants who have reached the
-2-1age of 65 regardless of income level.
2The bill applies to claims under Code chapter 425,
3subchapter II, filed on or after January 1, 2024.
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2tax credit for elderly persons and including applicability
3provisions.
4BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 Section 1. Section 425.17, subsection 2, paragraph a, Code
22023, is amended to read as follows:
3a. “Claimant” means any of the following:
4(1) A person filing a claim for credit under this subchapter
5 who has attained the age of sixty-five years but who has
6not attained the age of seventy years on or before December
731 of the base year, a person filing a claim for credit or
8reimbursement under this subchapter who is totally disabled
9and was totally disabled on or before December 31 of the base
10year, or a person filing a claim for reimbursement under this
11subchapter who has attained the age of sixty-five years on or
12before December 31 of the base year and who is domiciled in
13this state at the time the claim is filed or at the time of the
14person’s death in the case of a claim filed by the executor or
15administrator of the claimant’s estate.
16(2) A person filing a claim for credit or reimbursement
17under this subchapter who has attained the age of twenty-three
18years on or before December 31 of the base year or was a head
19of household on December 31 of the base year, as defined in
20the Internal Revenue Code, but has not attained the age or
21disability status described in subparagraph (1) or the age
22status and eligibility criteria of subparagraph (3), and is
23domiciled in this state at the time the claim is filed or at the
24time of the person’s death in the case of a claim filed by the
25executor or administrator of the claimant’s estate, and was not
26claimed as a dependent on any other person’s tax return for the
27base year.
28(3) A person filing a claim for credit under this subchapter
29who has attained the age of seventy sixty-five years on or
30before December 31 of the base year, who has a household income
31of less than two hundred fifty percent of the federal poverty
32level, as defined by the most recently revised poverty income
33guidelines published by the United States department of health
34and human services, and is domiciled in this state at the time
35the claim is filed or at the time of the person’s death in the
-1-1case of a claim filed by the executor or administrator of the
2claimant’s estate.
3 Sec. 2. APPLICABILITY. This Act applies to claims under
4chapter 425, subchapter II, filed on or after January 1, 2024.
5EXPLANATION
6The inclusion of this explanation does not constitute agreement with
7the explanation’s substance by the members of the general assembly.
8This bill modifies the eligibility for and the calculation
9of the amount of the property tax credit under Code chapter
10425, subchapter II.
11Under current law, a person filing a claim for the property
12tax credit who is at least 65 years of age, meets certain
13income requirements, and does not meet other age and income
14eligibility criteria, is eligible for a credit based on income
15equal to specified percentages of property taxes due under
16the schedule in Code section 425.23(1)(a), but not to exceed
17$1,000. However, if the person filing a claim for the property
18tax credit is at least 70 years of age and has a household
19income of less than 250 percent of the federal poverty level,
20the tentative credit amount is equal to the greater of the
21following: (1) the amount of the credit as calculated under
22the schedule of credit amounts specified in Code section
23425.23(1)(a) as if the claimant was an eligible claimant for
24a credit under that provision; and (2) the difference between
25the actual amount of property taxes due on the homestead during
26the applicable fiscal year minus the actual amount of property
27taxes due on the homestead based on a full assessment during
28the first fiscal year for which the claimant filed for a credit
29calculated under the Code chapter and if the claimant has filed
30for the credit for each of the subsequent fiscal years after
31the first credit claimed.
32The bill modifies the eligibility for the credit under
33current law available to claimants who have reached the age
34of 70 with a household income of less than 250 percent of the
35federal poverty level to include claimants who have reached the
-2-1age of 65 regardless of income level.
2The bill applies to claims under Code chapter 425,
3subchapter II, filed on or after January 1, 2024.
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