Senate File 587 S-3134 Amend Senate File 587 as follows: 1 1. By striking everything after the enacting clause and 2 inserting: 3 < Section 1. Section 425.17, subsection 2, Code 2021, is 4 amended to read as follows: 5 2. a. “Claimant” means either any of the following: 6 (1) A person either filing a claim for credit or 7 reimbursement under this subchapter who has attained the age 8 of sixty-five years on or before December 31 of the base year 9 or who is totally disabled and was totally disabled on or 10 before December 31 of the base year or filing a claim for 11 reimbursement under this subchapter who has attained the age of 12 sixty-five years on or before December 31 of the base year and 13 who is domiciled in this state at the time the claim is filed or 14 at the time of the person’s death in the case of a claim filed 15 by the executor or administrator of the claimant’s estate. 16 (2) A person filing a claim for credit or reimbursement 17 under this subchapter who has attained the age of twenty-three 18 years on or before December 31 of the base year or was a head 19 of household on December 31 of the base year, as defined in 20 the Internal Revenue Code, but has not attained the age or 21 disability status described in this paragraph “a” , subparagraph 22 (1) or the age status and eligibility criteria of subparagraph 23 (3) , and is domiciled in this state at the time the claim is 24 filed or at the time of the person’s death in the case of a 25 claim filed by the executor or administrator of the claimant’s 26 estate, and was not claimed as a dependent on any other 27 person’s tax return for the base year. 28 (3) A person filing a claim for credit under this subchapter 29 who has attained the age of sixty-five years on or before 30 December 31 of the base year, who has a household income of 31 less than two hundred fifty percent of the federal poverty 32 level, as defined by the most recently revised poverty income 33 guidelines published by the United States department of health 34 and human services, and is domiciled in this state at the time 35 -1- SF587.1819 (3) 89 md/jh 1/ 4 #1.

the claim is filed or at the time of the person’s death in the 1 case of a claim filed by the executor or administrator of the 2 claimant’s estate. 3 b. “Claimant” under paragraph “a” , subparagraph (1) or (2), 4 includes a vendee in possession under a contract for deed and 5 may include one or more joint tenants or tenants in common. 6 In the case of a claim for rent constituting property taxes 7 paid, the claimant shall have rented the property during any 8 part of the base year. In the case of a claim for property 9 taxes due, the claimant shall have occupied the property during 10 any part of the fiscal year beginning July 1 of the base year. 11 If a homestead is occupied by two or more persons, and more 12 than one person is able to qualify as a claimant, the persons 13 may each file a claim based upon each person’s income and rent 14 constituting property taxes paid or property taxes due. 15 Sec. 2. Section 425.23, subsection 1, paragraph a, 16 unnumbered paragraph 1, Code 2021, is amended to read as 17 follows: 18 The tentative credit or reimbursement for a claimant 19 described in section 425.17, subsection 2 , paragraph “a” , 20 subparagraphs subparagraph (1) and (2), if no appropriation is 21 made to the fund created in section 425.40 shall be determined 22 in accordance with the following schedule: 23 Sec. 3. Section 425.23, subsection 1, Code 2021, is amended 24 by adding the following new paragraph: 25 NEW PARAGRAPH . c. The tentative credit for a claimant 26 described in section 425.17, subsection 2, paragraph “a” , 27 subparagraph (3), shall be the greater of the following: 28 (1) The amount of the credit under the schedule specified 29 in paragraph “a” of this subsection as if the claimant was a 30 claimant as defined in section 425.17, subsection 2, paragraph 31 “a” , subparagraph (1), filing for a credit under paragraph “a” 32 of this subsection. 33 (2) The difference between the actual amount of property 34 taxes due on the homestead during the fiscal year next 35 -2- SF587.1819 (3) 89 md/jh 2/ 4

following the base year minus the actual amount of property 1 taxes due on the homestead during the first fiscal year for 2 which the claimant filed a claim for a credit calculated under 3 this paragraph “c” and for which the property taxes due on the 4 homestead were calculated on an assessed valuation that was 5 not a partial assessment and if the claimant has filed for the 6 credit calculated under this paragraph “c” for each of the 7 subsequent fiscal years after the first credit claimed. 8 Sec. 4. Section 425.23, subsection 4, paragraph a, Code 9 2021, is amended to read as follows: 10 a. For the base year beginning in the 1999 calendar year 11 and for each subsequent base year, the dollar amounts set 12 forth in subsections subsection 1 , paragraphs “a” and “b” , and 13 subsection 3 shall be multiplied by the cumulative adjustment 14 factor for that base year. “Cumulative adjustment factor” means 15 the product of the annual adjustment factor for the 1998 base 16 year and all annual adjustment factors for subsequent base 17 years. The cumulative adjustment factor applies to the base 18 year beginning in the calendar year for which the latest annual 19 adjustment factor has been determined. 20 Sec. 5. Section 425.24, Code 2021, is amended to read as 21 follows: 22 425.24 Maximum property tax for purpose of credit or 23 reimbursement. 24 In For claimants under section 425.17, subsection 2, 25 paragraph “a” , subparagraphs (1) and (2), and for the 26 calculation under section 425.23, subsection 1, paragraph “c” , 27 subparagraph (1), in any case in which property taxes due or 28 rent constituting property taxes paid for any household exceeds 29 one thousand dollars, the amount of property taxes due or rent 30 constituting property taxes paid shall be deemed to have been 31 one thousand dollars for purposes of this subchapter . 32 Sec. 6. Section 425.39, subsection 1, as amended by 2021 33 Iowa Acts, House File 368, section 33, if enacted, is amended 34 to read as follows: 35 -3- SF587.1819 (3) 89 md/jh 3/ 4

1. The elderly and disabled property tax credit fund is 1 created. There is appropriated annually from the general fund 2 of the state to the department of revenue to be credited to the 3 elderly and disabled property tax credit fund, from funds not 4 otherwise appropriated, an amount sufficient to implement this 5 subchapter for credits for property taxes due for claimants 6 described in section 425,17, subsection 2, paragraph “a” , 7 subparagraph subparagraphs (1) and (3) . 8 Sec. 7. APPLICABILITY. This Act applies to claims under 9 chapter 425, subchapter II, filed on or after January 1, 2022. > 10 2. Title page, by striking lines 1 through 7 and inserting 11 < An Act relating to the elderly property tax credit and 12 including applicability provisions. > 13 ______________________________ SARAH TRONE GARRIOTT -4- SF587.1819 (3) 89 md/jh 4/ 4 #2.