Text: HF02386 Text: HF02388 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 425.2, unnumbered paragraph 1, Code 1 2 Supplement 1997, is amended to read as follows: 1 3 A person who wishes to qualify for the credit allowed under 1 4 this chapter shall obtain the appropriate forms for filing for 1 5 the credit from the assessor. The person claiming the credit 1 6 shall file a verified statement and designation of homestead 1 7 with the assessor for the year for which the person is first 1 8 claiming the credit. The claim shall be filed not later than 1 9 July 1 of the year for which the person is claiming the 1 10 credit.A claim filed after July 1 of the year for which the1 11person is claiming the credit shall be considered as a claim1 12filed for the following year.1 13 Sec. 2. Section 425.2, Code Supplement 1997, is amended by 1 14 adding the following new unnumbered paragraph after unnumbered 1 15 paragraph 1: 1 16 NEW UNNUMBERED PARAGRAPH. The failure of a person to file 1 17 a claim under this section on or before July 1 of the year for 1 18 which the person is first claiming the credit or to have the 1 19 evidence of ownership recorded in the office of the county 1 20 recorder does not disqualify the claim if the person claiming 1 21 the credit or through whom the credit is claimed is otherwise 1 22 qualified. The belated claim shall be filed with the 1 23 appropriate assessor on or before December 31 of the year for 1 24 which the person is first claiming the credit. A claim filed 1 25 after October 31 of the year for which the person is claiming 1 26 the credit shall be considered as a claim filed for the 1 27 following year. 1 28 Sec. 3. Section 427.5, unnumbered paragraph 3, Code 1 29 Supplement 1997, is amended to read as follows: 1 30 Upon the filing and allowance of the claim, the claim shall 1 31 be allowed to that person for successive years without further 1 32 filing. Provided, that notwithstanding the filing or having 1 33 on file a claim for exemption, the person or person's spouse 1 34 is the legal or equitable owner of the property on July 1 of 1 35 the year for which the claim is allowed. When the property is 2 1 sold or transferred or the person wishes to designate 2 2 different property for the exemption and the different 2 3 property is located in the county,athat person who wishes to 2 4 continue to receive the exemption shallrefile for the2 5exemptionprovide written notice to the assessor of the 2 6 designation of different property. A person receiving the 2 7 exemption who wishes to designate different property for the 2 8 exemption, when the different property is located outside the 2 9 county, shall file for the exemption in the county where the 2 10 different property is located. A person who sells or 2 11 transfers property which is designated for the exemption or 2 12 the personal representative of a deceased person who owned 2 13 such property shall provide written notice to the assessor 2 14 that the property is no longer legally or equitably owned by 2 15 the former claimant. 2 16 Sec. 4. Section 427.5, Code Supplement 1997, is amended by 2 17 adding the following new unnumbered paragraph after unnumbered 2 18 paragraph 2: 2 19 NEW UNNUMBERED PARAGRAPH. The failure of a person to file 2 20 a claim under this section on or before July 1 of the year for 2 21 which the person is first claiming the exemption or to have 2 22 evidence of ownership and satisfactory service, separation, 2 23 retirement, furlough to reserve, inactive status, or honorable 2 24 discharge recorded in the office of the county recorder does 2 25 not disqualify the claim if the person claiming the exemption 2 26 or through whom the exemption is claimed is otherwise 2 27 qualified. The belated claim shall be filed with the 2 28 appropriate assessor on or before December 31 of the year for 2 29 which the person is first claiming the credit. 2 30 EXPLANATION 2 31 This bill provides a delayed filing deadline for persons 2 32 filing a claim for the homestead property tax credit or the 2 33 military service property tax exemption. The current deadline 2 34 is July 1 of the year for which the credit or exemption is 2 35 claimed. The bill allows a delayed filing deadline of 3 1 December 31 of the year for which the credit or exemption is 3 2 claimed. 3 3 The bill also allows a person receiving the military 3 4 service property tax exemption who sells or transfers property 3 5 or wishes to designate different property within the county 3 6 for the exemption to send a written notice to the assessor, 3 7 rather than refiling for the exemption. If the different 3 8 property is located outside the county, the person must file 3 9 for the exemption in the county where the property is located. 3 10 LSB 3525HV 77 3 11 sc/sc/14
Text: HF02386 Text: HF02388 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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