House File 2751 - Enrolled

PAG LIN



  1  1                                             HOUSE FILE 2751
  1  2
  1  3                             AN ACT
  1  4 RELATING TO ELIGIBILITY FOR THE MILITARY SERVICE PROPERTY
  1  5    TAX CREDIT AND EXEMPTION AND INCLUDING EFFECTIVE AND
  1  6    APPLICABILITY DATE PROVISIONS.
  1  7
  1  8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  1  9
  1 10    Section 1.  Section 426A.11, subsection 4, Code Supplement
  1 11 2005, is amended to read as follows:
  1 12    4.  For purposes of this chapter, unless the context
  1 13 otherwise requires, "veteran" also means a resident of this
  1 14 state who is a former member of the armed forces of the United
  1 15 States and who served for a minimum aggregate of three years
  1 16 eighteen months and who was discharged under honorable
  1 17 conditions.  However, "veteran" also means a resident of this
  1 18 state who is a former member of the armed forces of the United
  1 19 States and who, after serving fewer than eighteen months, was
  1 20 honorably discharged because of a service=related injury
  1 21 sustained by the veteran.
  1 22    Sec. 2.  STATE FUNDING.  The military service tax credits
  1 23 and exemptions provided pursuant to this Act shall be funded
  1 24 pursuant to chapter 426A and section 25B.7, subsection 2.
  1 25    Sec. 3.  EFFECTIVE AND APPLICABILITY DATES.  This Act,
  1 26 being deemed of immediate importance, takes effect upon
  1 27 enactment and applies to military service tax exemptions and
  1 28 credits for taxes due and payable for fiscal years beginning
  1 29 on or after July 1, 2006.
  1 30
  1 31
  1 32                                                             
  1 33                               CHRISTOPHER C. RANTS
  1 34                               Speaker of the House
  1 35
  2  1
  2  2                                                             
  2  3                               JEFFREY M. LAMBERTI
  2  4                               President of the Senate
  2  5
  2  6    I hereby certify that this bill originated in the House and
  2  7 is known as House File 2751, Eighty=first General Assembly.
  2  8
  2  9
  2 10                                                             
  2 11                               MARGARET THOMSON
  2 12                               Chief Clerk of the House
  2 13 Approved                , 2006
  2 14
  2 15
  2 16                            
  2 17 THOMAS J. VILSACK
  2 18 Governor