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PAG LIN
1 1 Section 1. Section 426A.11, subsection 2, Code Supplement
1 2 2001, 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 purpose of this subsection, "veteran" also means former or
1 8 current members of the Iowa national guard who have served at
1 9 least ten years in the Iowa national guard after January 28,
1 10 1973, and who were discharged under honorable conditions or
1 11 who continue to serve.
1 12 Sec. 2. Section 426A.12, subsections 1, 2, and 3, Code
1 13 2001, are amended to read as follows:
1 14 1. The spouse, or surviving spouse remaining unmarried, of
1 15 a veteran, as defined in section 35.1 and section 426A.11,
1 16 subsection 2, where they are living together or were living
1 17 together at the time of the death of the veteran.
1 18 2. The parent whose spouse is deceased and who remains
1 19 unmarried, of a veteran, as defined in section 35.1 and
1 20 section 426A.11, subsection 2, whether living or deceased,
1 21 where the parent is, or was at the time of death of the
1 22 veteran, dependent on the veteran for support.
1 23 3. The minor child, or children owning property as tenants
1 24 in common, of a deceased veteran, as defined in section 35.1
1 25 and section 426A.11, subsection 2.
1 26 Sec. 3. Section 426A.12, unnumbered paragraph 2, Code
1 27 2001, is amended to read as follows:
1 28 No more than one tax exemption shall be allowed under this
1 29 section or section 426A.11 in the name of a veteran, as
1 30 defined in section 35.1 and section 426A.11, subsection 2.
1 31 Sec. 4. STATE MANDATE FUNDING. The military service tax
1 32 exemptions and credits provided in this Act shall be funded
1 33 pursuant to chapter 426A to the extent of six dollars and
1 34 ninety-two cents per thousand dollars of the assessed value of
1 35 the exempt property.
2 1 EXPLANATION
2 2 This bill provides a military service tax exemption and
2 3 credit to former and current members of the Iowa national
2 4 guard who have served at least 10 years in the Iowa national
2 5 guard after January 28, 1973, and were discharged under
2 6 honorable conditions or who continue to serve.
2 7 The requirements of Code section 25B.2, subsection 3,
2 8 relating to state mandates do not apply to the military
2 9 service tax exemption and credit provided in this bill.
2 10 The military service tax exemptions and credits provided in
2 11 this bill 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 5058YH 79
2 15 tj/cls/14
Text: HF02014 Text: HF02016 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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