Text: S03742 Text: S03744 Text: S03700 - S03799 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend the Committee amendment, S-3686, to House 1 2 File 266, as passed by the House, as follows: 1 3 #1. Page 12, by inserting after line 45 the 1 4 following: 1 5 "Sec. ___. Section 427.5, unnumbered paragraphs 1 1 6 and 2, Code 1997, are amended to read as follows: 1 7 A person named in section 427.3, who is a resident 1 8 of and domiciled in the state of Iowa, shall receive a 1 9 reduction equal to the exemption, to be made from any 1 10 property owned by the person or owned by a family farm 1 11 corporation of which the person is a shareholder and 1 12 who occupies the property and so designated by 1 13 proceeding as provided in the section. To be eligible 1 14 to receive the exemption the person claiming it shall 1 15 have recorded in the office of the county recorder of 1 16 the county in which is located the property designated 1 17 for the exemption, evidence of property ownership by 1 18 that person or the family farm corporation of which 1 19 the person is a shareholder and the military 1 20 certificate of satisfactory service, order 1 21 transferring to inactive status, reserve, retirement, 1 22 order of separation from service, honorable discharge 1 23 or a copy of any of these documents of the person 1 24 claiming or through whom is claimed the exemption. 1 25 The person shall file with the appropriate assessor 1 26 on forms obtained from the assessor the claim for 1 27 exemption for the year for which the person is first 1 28 claiming the exemption. The claim shall be filed not 1 29 later than July 1 of the year for which the person is 1 30 claiming the exemption. The claim shall set out the 1 31 fact that the person is a resident of and domiciled in 1 32 the state of Iowa, and a person within the terms of 1 33 section 427.3, and shall give the volume and page on 1 34 which the certificate of satisfactory service, order 1 35 of separation, retirement, furlough to reserve, 1 36 inactive status, or honorable discharge or certified 1 37 copy thereof is recorded in the office of the county 1 38 recorder, and may include the designation of the 1 39 property from which the exemption is to be made, and 1 40 shall further state that the claimant is the equitable 1 41 or legal owner of the property designated or if the 1 42 property is owned by a family farm corporation, that 1 43 the person is a shareholder of that corporation and 1 44 that the person occupies the property." 1 45 1 46 1 47 1 48 WILLIAM D. PALMER 1 49 HF 266.707 77 1 50 mg/sc/28
Text: S03742 Text: S03744 Text: S03700 - S03799 Text: S Index Bills and Amendments: General Index Bill History: General Index
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