Text: HF02029                           Text: HF02031
Text: HF02000 - HF02099                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

House File 2030

Partial Bill History

• Bill Introduced: H.J. 8
• Complete Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 25B.7, subsection 2, paragraph c, Code
  1  2 2001, is amended to read as follows:
  1  3    c.  Military service property tax credit and exemption
  1  4 pursuant to chapter 426A, to the extent of six dollars and
  1  5 ninety-two cents per thousand dollars of assessed value or
  1  6 three and ninety-five hundredths cents per square foot of the
  1  7 exempt property.
  1  8    Sec. 2.  Section 426A.2, Code 2001, is amended to read as
  1  9 follows:
  1 10    426A.2  MILITARY SERVICE TAX CREDIT.
  1 11    The moneys shall be apportioned each year so as to replace
  1 12 all or a portion of the tax which would be due on property
  1 13 eligible for military service tax exemption in the state, if
  1 14 the property were subject to taxation, the amount of the
  1 15 credit to be not more than six either of the following:
  1 16    1.  Six dollars and ninety-two cents per thousand dollars
  1 17 of assessed value of property which would be subject to the
  1 18 tax, except for the military service tax exemption.
  1 19    2.  Three and ninety-five hundredths cents per square foot
  1 20 of a mobile or manufactured home subject to the annual square
  1 21 foot tax under section 435.22 which would be subject to the
  1 22 tax, except for the military service tax exemption.
  1 23    Sec. 3.  Section 426A.11, subsections 1 and 2, Code
  1 24 Supplement 2001, are amended to read as follows:
  1 25    1.  a.  The property, not to exceed two thousand seven
  1 26 hundred seventy-eight dollars in taxable value of any veteran,
  1 27 as defined in section 35.1, of the First World War.
  1 28    b.  The mobile or manufactured home subject to the annual
  1 29 square foot tax under section 435.22, not to exceed four
  1 30 hundred eighty-six and fifteen hundredths square feet, of any
  1 31 veteran, as defined in section 35.1, of the First World War.
  1 32    2.  a.  The property, not to exceed one thousand eight
  1 33 hundred fifty-two dollars in taxable value of an honorably
  1 34 separated, retired, furloughed to a reserve, placed on
  1 35 inactive status, or discharged veteran, as defined in section
  2  1 35.1.
  2  2    b.  The mobile or manufactured home subject to the annual
  2  3 square foot tax under section 435.22, not to exceed three
  2  4 hundred twenty-four and ten hundredths square feet, of an
  2  5 honorably separated, retired, furloughed to a reserve, placed
  2  6 on inactive status, or discharged veteran, as defined in
  2  7 section 35.1.
  2  8    Sec. 4.  Section 435.22, subsection 1, Code Supplement
  2  9 2001, is amended to read as follows:
  2 10    1.  Multiply After deduction of the military service tax
  2 11 exemption, if claimed and allowed, multiply the number of
  2 12 square feet of floor space each home contains when parked and
  2 13 in use by twenty cents.  In computing floor space, the
  2 14 exterior measurements of the home shall be used as shown on
  2 15 the certificate of title, but not including any area occupied
  2 16 by a hitching device.
  2 17    Sec. 5.  Section 435.22, Code Supplement 2001, is amended
  2 18 by adding the following new subsection:
  2 19    NEW SUBSECTION.  6.  A mobile home or manufactured home
  2 20 subject to tax under this section is eligible for the military
  2 21 service tax exemption as provided in section 426A.11.
  2 22    Sec. 6.  APPLICABILITY DATE.  This Act applies to military
  2 23 service tax exemption claims filed on or after July 1, 2002.  
  2 24                           EXPLANATION
  2 25    Under present law the military service tax exemption is
  2 26 available for real property and mobile and manufactured homes
  2 27 converted to real property.  The exemption does not apply to
  2 28 mobile and manufactured homes located in mobile home parks or
  2 29 manufactured home communities because these properties are
  2 30 subject to an annual square foot tax.  This bill makes the
  2 31 military service tax exemption available to mobile and
  2 32 manufactured homes subject to the annual square foot tax.  The
  2 33 bill sets the maximum amount of state reimbursement to local
  2 34 jurisdictions for the loss resulting from the additional
  2 35 military service tax exemption.  The amount equals 3.95 cents
  3  1 per square foot which does not fully fund the loss to the
  3  2 local jurisdictions.
  3  3    The bill applies to military tax exemption claims filed on
  3  4 or after July 1, 2002.  
  3  5 LSB 5084HH 79
  3  6 mg/sh/8
     

Text: HF02029                           Text: HF02031
Text: HF02000 - HF02099                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index

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