House File 2098 - Introduced
HOUSE FILE
BY PETTENGILL, FREVERT, D. TAYLOR,
BELL, THOMAS, WHITAKER, MURPHY,
T. TAYLOR, BUKTA, DAVITT,
McCARTHY, HOGG, KRESSIG,
D. OLSON, BERRY, SWAIM, GASKILL,
MERTZ, REASONER, and HEDDENS
Passed House, Date Passed Senate, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act relating to the military service tax exemption and credit
2 and including an applicability date provision.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
4 TLSB 5545HH 81
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PAG LIN
1 1 Section 1. Section 426A.11, subsections 1 and 2, Code
1 2 Supplement 2005, are amended to read as follows:
1 3 1. The property, not to exceed two thousand seven hundred
1 4 seventy=eight dollars in taxable value of any veteran, as
1 5 defined in for this section 35.1, of the First World War.
1 6 2. The property, not to exceed one two thousand eight five
1 7 hundred fifty=two dollars in taxable value of an honorably
1 8 separated, retired, furloughed to a reserve, placed on
1 9 inactive status, or discharged any veteran, as defined in for
1 10 this section 35.1, who did not serve during the first World
1 11 War.
1 12 Sec. 2. Section 426A.11, Code Supplement 2005, is amended
1 13 by adding the following new subsection:
1 14 NEW SUBSECTION. 2A. As used in this chapter only,
1 15 "veteran" means a resident of the state who served in the
1 16 armed forces of the United States at any time and who was
1 17 discharged under honorable conditions.
1 18 Sec. 3. Section 426A.11, subsection 4, Code Supplement
1 19 2005, is amended to read as follows:
1 20 4. For purposes of this chapter, unless the context
1 21 otherwise requires, "veteran" also means a resident of this
1 22 state who is a former member of the armed forces of the United
1 23 States and who served for a minimum aggregate of three years
1 24 and who was discharged under honorable conditions meets the
1 25 definition of "veteran" under section 35.1, subsection 2,
1 26 paragraph "b", subparagraph (1), (2), (4), (6), or (7).
1 27 Sec. 4. Section 426A.12, Code Supplement 2005, is amended
1 28 to read as follows:
1 29 426A.12 EXEMPTIONS TO RELATIVES.
1 30 In case any person in the foregoing classifications does
1 31 not claim the exemption from taxation, it shall be allowed in
1 32 the name of the person to the same extent on the property of
1 33 any one of the following persons in the order named:
1 34 1. The spouse, or surviving spouse remaining unmarried, of
1 35 a veteran, as defined in for this chapter or in section 35.1,
2 1 where they are living together or were living together at the
2 2 time of the death of the veteran.
2 3 2. The parent whose spouse is deceased and who remains
2 4 unmarried, of a veteran, as defined in for this chapter or in
2 5 section 35.1, whether living or deceased, where the parent is,
2 6 or was at the time of death of the veteran, dependent on the
2 7 veteran for support.
2 8 3. The minor child, or children owning property as tenants
2 9 in common, of a deceased veteran, as defined in for this
2 10 chapter or in section 35.1.
2 11 No more than one tax exemption shall be allowed under this
2 12 section or section 426A.11 in the name of a veteran, as
2 13 defined in for this chapter or in section 35.1.
2 14 Sec. 5. APPLICABILITY DATE. This Act applies to military
2 15 service tax exemptions and credits for taxes due and payable
2 16 in fiscal years beginning on or after July 1, 2007.
2 17 EXPLANATION
2 18 Under current law honorably discharged veterans that serve
2 19 during specific time periods are entitled to a property tax
2 20 exemption of $1,852. This bill increases the exemption amount
2 21 to $2,500. That exemption is made applicable to any resident
2 22 veteran who has served at any time in the armed forces and was
2 23 honorably discharged. The exemption continues to apply to
2 24 members of the national guard and military reserve as under
2 25 current law but requires 20 years of service or 90 days of
2 26 active duty.
2 27 The bill applies to property taxes due and payable in
2 28 fiscal years beginning on or after July 1, 2007.
2 29 LSB 5545HH 81
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