Text: HF02062 Text: HF02064 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 426A.11, subsection 2, Code Supplement 1 2 1999, is amended to read as follows: 1 3 2. The property, not to exceed one thousand eight hundred 1 4 fifty-two dollars in taxable value of an honorably separated, 1 5 retired, furloughed to a reserve, placed on inactive status, 1 6 or discharged veteran, as defined in section 35.1. For the 1 7 purposes of this subsection, "veteran" means any resident of 1 8 this state who served on active duty in the armed forces of 1 9 the United States at any time after November 11, 1918, and was 1 10 discharged under honorable conditions. 1 11 Sec. 2. Section 426A.12, subsections 1, 2, and 3, Code 1 12 Supplement 1999, are amended to read as follows: 1 13 1. The spouse, or surviving spouse remaining unmarried, of 1 14 a veteran, as defined in section35.1426A.11, subsection 2, 1 15 where they are living together or were living together at the 1 16 time of the death of the veteran. 1 17 2. The parent whose spouse is deceased and who remains 1 18 unmarried, of a veteran, as defined in section35.1426A.11, 1 19 subsection 2, whether living or deceased, where the parent is, 1 20 or was at the time of death of the veteran, dependent on the 1 21 veteran for support. 1 22 3. The minor child, or children owning property as tenants 1 23 in common, of a deceased veteran, as defined in section35.11 24 426A.11, subsection 2. 1 25 Sec. 3. Section 426A.12, unnumbered paragraph 2, Code 1 26 Supplement 1999, is amended to read as follows: 1 27 No more than one tax exemption shall be allowed under this 1 28 section or section 426A.11 in the name of a veteran, as 1 29 defined in section35.1426A.11, subsection 2. 1 30 Sec. 4. STATE MANDATE FUNDING. The military service tax 1 31 exemptions and credits provided in this Act shall be funded 1 32 pursuant to chapter 426A to the extent of six dollars and 1 33 ninety-two cents per thousand dollars of the assessed value of 1 34 the exempt property. 1 35 EXPLANATION 2 1 This bill expands the eligibility for the military service 2 2 property tax exemption to include residents of this state who 2 3 served on active duty in the armed forces of the United States 2 4 at any time since November 11, 1918, and who were discharged 2 5 under honorable conditions. This expansion of eligibility 2 6 therefore exempts the property of veterans who served on 2 7 active duty during peacetime since the official conclusion of 2 8 World War I. 2 9 The military service tax exemptions and credits provided in 2 10 this bill for veterans who served on active duty during 2 11 peacetime are funded as provided in Code chapter 426A to the 2 12 extent of $6.92 per $1,000 of the assessed value of the exempt 2 13 property. 2 14 LSB 5679HH 78 2 15 tj/gg/8
Text: HF02062 Text: HF02064 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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