Text: HF02014 Text: HF02016 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 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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