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House File 718

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 425.23, subsection 1, paragraph a, Code
  1  2 1997, is amended to read as follows:
  1  3    a.  The tentative credit or reimbursement for a claimant
  1  4 described in section 425.17, subsection 2, paragraph "a" and
  1  5 paragraph "b", if no appropriation is made to the fund created
  1  6 in section 425.40 shall be determined in accordance with the
  1  7 following schedule:  
  1  8                                 Percent of property taxes
  1  9                                 due or rent constituting
  1 10                                 property taxes paid
  1 11 If the household                allowed as a credit or
  1 12 income is:                      reimbursement:
  1 13 $      0 –  5,999.99..................100%
  1 14   6,000 –  6,999.99.................. 85
  1 15   7,000 –  7,999.99.................. 70
  1 16   8,000 –  9,999.99.................. 50
  1 17  10,000 – 11,999.99.................. 35
  1 18  12,000 – 13,999.99.................. 25
  1 19    Sec. 2.  Section 425.23, subsection 1, paragraph b, Code
  1 20 1997, is amended by striking the paragraph.
  1 21    Sec. 3.  Section 425.23, subsection 3, paragraph a, Code
  1 22 1997, is amended to read as follows:
  1 23    a.  A person who is eligible to file a claim for credit for
  1 24 property taxes due and who has a household income of six
  1 25 thousand dollars or less and who has an unpaid special
  1 26 assessment levied against the homestead may file a claim for a
  1 27 special assessment credit with the county treasurer.  The
  1 28 department shall provide to the respective treasurers the
  1 29 forms necessary for the administration of this subsection.
  1 30 The claim shall be filed not later than September 30 of each
  1 31 year.  Upon the filing of the claim, interest for late payment
  1 32 shall not accrue against the amount of the unpaid special
  1 33 assessment due and payable.  The claim filed by the claimant
  1 34 constitutes a claim for credit of an amount equal to the
  1 35 actual amount due upon the unpaid special assessment, plus
  2  1 interest, payable during the fiscal year for which the claim
  2  2 is filed against the homestead of the claimant.  However,
  2  3 where the claimant is an individual described in section
  2  4 425.17, subsection 2, paragraph "b", and the tentative credit
  2  5 is determined according to the schedule in section 425.23,
  2  6 subsection 1, paragraph "b", subparagraph (2), the claim filed
  2  7 constitutes a claim for credit of an amount equal to one-half
  2  8 of the actual amount due and payable during the fiscal year.
  2  9 The treasurer shall certify to the director of revenue and
  2 10 finance not later than October 15 of each year the total
  2 11 amount of dollars due for claims allowed.  The amount of
  2 12 reimbursement due each county shall be paid by the director of
  2 13 revenue and finance by November 15 of each year, drawn upon
  2 14 warrants payable to the respective treasurer.  There is
  2 15 appropriated annually from the general fund of the state to
  2 16 the department of revenue and finance an amount sufficient to
  2 17 carry out the provisions of this subsection.  The treasurer
  2 18 shall credit any moneys received from the department against
  2 19 the amount of the unpaid special assessment due and payable on
  2 20 the homestead of the claimant.
  2 21    Sec. 4.  Section 425.40, subsection 1, Code 1997, is
  2 22 amended to read as follows:
  2 23    1.  A low-income tax credit and reimbursement fund is
  2 24 created.  There is appropriated annually from the general fund
  2 25 of the state to the department of revenue and finance to be
  2 26 credited to the low-income tax credit and reimbursement fund,
  2 27 from funds not otherwise appropriated, an amount sufficient to
  2 28 pay claimants described in section 425.17, subsection 2,
  2 29 paragraph "b".
  2 30    Sec. 5.  Section 425.40, subsection 2, Code 1997, is
  2 31 amended by striking the subsection.
  2 32    Sec. 6.  APPLICABILITY.  This Act applies to homestead tax
  2 33 credit and rent reimbursement claims payable in fiscal years
  2 34 beginning on or after July 1, 1997.  
  2 35                           EXPLANATION
  3  1    The bill provides that the state provides full funding for
  3  2 the additional homestead tax credit claims and for rent
  3  3 reimbursement claims for low-income individuals who are at
  3  4 least 23 years old but are not elderly, disabled, or a
  3  5 surviving spouse.
  3  6    The bill applies to homestead credit claims and rent
  3  7 reimbursement claims payable in fiscal years beginning on or
  3  8 after July 1, 1997.  
  3  9 LSB 2289HH 77
  3 10 mg/cf/24
     
Text: HF00717                           Text: HF00719
Text: HF00700 - HF00799                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index
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