H-1165

   Amend House File 669 as follows:
   1.  Page 1, after line 6 by inserting: 
   <Sec. ___.  Section 435.22, subsection 1, paragraph b, subparagraphs (1) and (3), Code 2023, are amended to read as follows:
   (1)  If the owner of the home is an Iowa resident, has attained the age of twenty-three years on or before December 31 of the base year, and has an income when included with that of a spouse which is less than eight forty thousand five hundred dollars per year, the annual tax shall not be imposed on the home. If the income is eight thousand five hundred dollars or more but less than sixteen thousand five hundred dollars, the annual tax shall be computed as follows:
If the Household              Annual Tax Per
Income is:              Square Foot:
$ 8,500 ——  9,499.99                 3.0 cents

  9,500 —— 10,499.99                 6.0

 10,500 —— 12,499.99                10.0

 12,500 —— 14,499.99                13.0

 14,500 —— 16,499.99                15.0

   (3)  Beginning with the 1998 base year, the income dollar amounts set forth in this paragraph “b” shall be multiplied by the cumulative adjustment factor for that base year as determined in section 425.23, subsection 4.
   Sec. ___.  Section 435.22, subsection 2, paragraphs a and b, Code 2023, are amended to read as follows:
   a.  For the sixth through ninth years after the year of manufacture the annual tax is ninety percent of the tax computed according to subsection 1, paragraph “a” or “b”, whichever is applicable unless subsection 1, paragraph “b”, applies.
   b.  For all homes ten or more years after the year of manufacture the annual tax is eighty percent of the tax computed according to subsection 1, paragraph “a” or “b”, whichever is applicable unless subsection 1, paragraph “b”, applies.>
   2.  Page 4, after line 22 by inserting: 
   <Sec. ___.  APPLICABILITY.  The following apply to claims for credit under section 435.22 filed on or after January 1, 2024:
   The sections of this Act amending section 435.22.>
   3.  Title page, line 2, after <licenses,> by inserting <property tax,>
   4.  Title page, line 3, by striking <property> and inserting <property, and including applicability provisions>
   5.  By renumbering as necessary.

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LOHSE of Polk

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HOLT of Crawford

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JUDGE of Dallas

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JAMES of Dubuque