House File 669 H-1165 Amend House File 669 as follows: 1 1. Page 1, after line 6 by inserting: 2 < Sec. ___. Section 435.22, subsection 1, paragraph b, 3 subparagraphs (1) and (3), Code 2023, are amended to read as 4 follows: 5 (1) If the owner of the home is an Iowa resident, has 6 attained the age of twenty-three years on or before December 31 7 of the base year, and has an income when included with that of 8 a spouse which is less than eight forty thousand five hundred 9 dollars per year, the annual tax shall not be imposed on the 10 home. If the income is eight thousand five hundred dollars or 11 more but less than sixteen thousand five hundred dollars, the 12 annual tax shall be computed as follows: 13 If the Household Annual Tax Per 14 Income is: Square Foot: 15 $ 8,500 —— 9,499.99 3.0 cents 16 9,500 —— 10,499.99 6.0 17 10,500 —— 12,499.99 10.0 18 12,500 —— 14,499.99 13.0 19 14,500 —— 16,499.99 15.0 20 (3) Beginning with the 1998 base year, the income dollar 21 amounts set forth in this paragraph “b” shall be multiplied 22 by the cumulative adjustment factor for that base year as 23 determined in section 425.23, subsection 4 . 24 Sec. ___. Section 435.22, subsection 2, paragraphs a and b, 25 Code 2023, are amended to read as follows: 26 a. For the sixth through ninth years after the year of 27 manufacture the annual tax is ninety percent of the tax 28 computed according to subsection 1 , paragraph “a” or “b” , 29 whichever is applicable unless subsection 1, paragraph “b” , 30 applies . 31 b. For all homes ten or more years after the year of 32 manufacture the annual tax is eighty percent of the tax 33 computed according to subsection 1 , paragraph “a” or “b” , 34 whichever is applicable unless subsection 1, paragraph “b” , 35 -1- HF 669.1352 (2) 90 cm/ns 1/ 2 #1.

applies . > 1 2. Page 4, after line 22 by inserting: 2 < Sec. ___. APPLICABILITY. The following apply to claims for 3 credit under section 435.22 filed on or after January 1, 2024: 4 The sections of this Act amending section 435.22. > 5 3. Title page, line 2, after < licenses, > by inserting 6 < property tax, > 7 4. Title page, line 3, by striking < property > and inserting 8 < property, and including applicability provisions > 9 5. By renumbering as necessary. 10 ______________________________ LOHSE of Polk ______________________________ HOLT of Crawford ______________________________ JUDGE of Dallas ______________________________ JAMES of Dubuque -2- HF 669.1352 (2) 90 cm/ns 2/ 2 #2. #3. #4. #5.