House File 2020 - Introduced



                                       HOUSE FILE       
                                       BY  THOMAS


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act allowing belated claims for military service tax credits.
  2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  3 TLSB 5521HH 82
  4 mg/sc/5

PAG LIN



  1  1    Section 1.  Section 426A.13, Code 2007, is amended by
  1  2 adding the following new unnumbered paragraph after unnumbered
  1  3 paragraph 2:
  1  4    NEW UNNUMBERED PARAGRAPH.  The failure of a person to file
  1  5 a claim under this section before July 1 of the year for which
  1  6 the person is first claiming the exemption or to have evidence
  1  7 of property ownership and satisfactory service, separation,
  1  8 retirement, furlough to reserve, inactive status, or honorable
  1  9 discharge recorded in the office of the county recorder does
  1 10 not disqualify the claim if the person claiming the exemption
  1 11 or through whom the exemption is claimed is otherwise
  1 12 qualified.  The belated claim shall be filed with the
  1 13 appropriate assessor on or before December 31 of the following
  1 14 calendar year and, if approved by the board of supervisors,
  1 15 the county treasurer shall file an amended certificate of
  1 16 military service tax credits with the director of revenue
  1 17 pursuant to section 426A.3.
  1 18                           EXPLANATION
  1 19    Under present law a person who first files a claim for the
  1 20 military service tax credit must do so by July 1 of the
  1 21 calendar year preceding the calendar year in which the fiscal
  1 22 year that the taxes are due and payable begins.  Belated
  1 23 claims are not allowed.  This bill allows belated claims to be
  1 24 filed after the July 1 deadline until December 31 of the
  1 25 following calendar year.
  1 26 LSB 5521HH 82
  1 27 mg/sc/5