Text: HF02226                           Text: HF02228
Text: HF02200 - HF02299                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index



House File 2227

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 425.17, subsection 7, Code 1997, is
  1  2 amended to read as follows:
  1  3    7.  "Income" means the sum of Iowa net income as defined in
  1  4 section 422.7, plus all of the following to the extent not
  1  5 already included in Iowa net income:  capital gains, alimony,
  1  6 child support money, cash public assistance and relief, except
  1  7 property tax relief granted under this division, amount of in-
  1  8 kind assistance for housing expenses, the gross amount of any
  1  9 pension or annuity, including but not limited to railroad
  1 10 retirement benefits, payments received under the federal
  1 11 Social Security Act, except child insurance benefits received
  1 12 by a member of the claimant's household, and all military
  1 13 retirement and veterans' disability pensions, interest
  1 14 received from the state or federal government or any of its
  1 15 instrumentalities, workers' compensation and the gross amount
  1 16 of disability income or "loss of time" insurance.  "Income"
  1 17 does not include gifts from nongovernmental sources, or
  1 18 surplus foods or other relief in kind supplied by a
  1 19 governmental agency.  In determining income, net operating
  1 20 losses and net capital losses shall not be considered.  In
  1 21 determining income for a claimant defined in subsection 2,
  1 22 paragraph "a", the claimant shall deduct payments for all
  1 23 medical and necessary care expenses attributable to the
  1 24 claimant which are made during the twelve-month income tax
  1 25 accounting period used in computing income under this
  1 26 subsection.  "Medical and necessary care expenses" are those
  1 27 used in the computing the federal income tax deduction under
  1 28 section 213 of the Internal Revenue Code, as defined in
  1 29 section 422.3.
  1 30    Sec. 2.  Section 425.23, subsection 3, Code 1997, is
  1 31 amended to read as follows:
  1 32    3.  a.  A person who is eligible to file a claim for credit
  1 33 for property taxes due and who has a household income of six
  1 34 thousand dollars or less and who has an unpaid special
  1 35 assessment levied against the homestead may file a claim for a
  2  1 special assessment credit with the county treasurer.  The
  2  2 department shall provide to the respective treasurers the
  2  3 forms necessary for the administration of this subsection.
  2  4 The claim shall be filed not later than September 30 of each
  2  5 year.  Upon the filing of the claim, interest for late payment
  2  6 shall not accrue against the amount of the unpaid special
  2  7 assessment due and payable.  The claim filed by the claimant
  2  8 constitutes a claim for credit of an amount equal to the
  2  9 actual amount due upon the unpaid special assessment, plus
  2 10 interest, payable during the fiscal year for which the claim
  2 11 is filed against the homestead of the claimant.  However,
  2 12 where the claimant is an individual described in section
  2 13 425.17, subsection 2, paragraph "b", and the tentative credit
  2 14 is determined according to the schedule in section 425.23,
  2 15 subsection 1, paragraph "b", subparagraph (2), the claim filed
  2 16 constitutes a claim for credit of an amount equal to one-half
  2 17 of the actual amount due and payable during the fiscal year.
  2 18 The treasurer shall certify to the director of revenue and
  2 19 finance not later than October 15 of each year the total
  2 20 amount of dollars due for claims allowed.  The amount of
  2 21 reimbursement due each county shall be paid by the director of
  2 22 revenue and finance by November 15 of each year, drawn upon
  2 23 warrants payable to the respective treasurer.  There is
  2 24 appropriated annually from the general fund of the state to
  2 25 the department of revenue and finance an amount sufficient to
  2 26 carry out the provisions of this subsection.  The treasurer
  2 27 shall credit any moneys received from the department against
  2 28 the amount of the unpaid special assessment due and payable on
  2 29 the homestead of the claimant.
  2 30    b.  For purposes of this subsection, in computing household
  2 31 income, a person with a total disability shall deduct all
  2 32 medical and necessary care expenses paid during the twelve-
  2 33 month income tax accounting periods used in computing
  2 34 household income which are attributable to the person's total
  2 35 disability.  "Medical and necessary care expenses" are those
  3  1 used in computing the federal income tax deduction under
  3  2 section 213 of the Internal Revenue Code as defined in section
  3  3 422.3.
  3  4    Sec. 3.  This Act takes effect January 1, 1999, and applies
  3  5 to property tax credit claims filed on or after that date.
  3  6 The Act applies to rent reimbursement claims filed on or after
  3  7 January 1, 2000.  
  3  8                           EXPLANATION
  3  9    This bill allows claimants of the low-income elderly and
  3 10 disabled property tax credit or rent reimbursement to deduct
  3 11 medical expenses incurred by the claimant during the year when
  3 12 computing income for purposes of determining the amount of the
  3 13 claimant's tax credit or rent reimbursement.  Presently, only
  3 14 persons with a disability are allowed to deduct medical
  3 15 expenses and then only when determining the amount of credit
  3 16 to be allowed for the special assessment credit allowed in
  3 17 conjunction with the property tax credit.
  3 18    The bill takes effect January 1, 1999, and applies to
  3 19 property tax credit claims filed on or after January 1, 1999,
  3 20 and to rent reimbursement claims filed on or after January 1,
  3 21 2000.  
  3 22 LSB 3067HH 77
  3 23 sc/jw/5
     

Text: HF02226                           Text: HF02228
Text: HF02200 - HF02299                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

Return To Home index


© 1998 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Feb 19 03:42:29 CST 1998
URL: /DOCS/GA/77GA/Legislation/HF/02200/HF02227/980211.html
jhf