House File 2245 - Introduced



                                       HOUSE FILE       
                                       BY  BOAL


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

                                      A BILL FOR

  1 An Act allowing certain belated claims for homestead property tax
  2    credits.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5519YH 82
  5 sc/rj/14

PAG LIN



  1  1    Section 1.  Section 425.2, unnumbered paragraph 1, Code
  1  2 2007, is amended to read as follows:
  1  3    A person who wishes to qualify for the credit allowed under
  1  4 this chapter shall obtain the appropriate forms for filing for
  1  5 the credit from the assessor.  The person claiming the credit
  1  6 shall file a verified statement and designation of homestead
  1  7 with the assessor for the year for which the person is first
  1  8 claiming the credit.  The claim shall be filed not later than
  1  9 July 1 of the year for which the person is claiming the
  1 10 credit.  A claim filed after July 1 of the year for which the
  1 11 person is claiming the credit shall be considered as a claim
  1 12 filed for the following year.  However, a claim filed under
  1 13 this section after July 1 of the year for which the person is
  1 14 first claiming the exemption does not disqualify the claim for
  1 15 that year if the person claiming the exemption is otherwise
  1 16 qualified and if the property was sold or transferred to the
  1 17 person in the year the claim was filed and the previous owner
  1 18 did not have a claim for homestead exemption on file with the
  1 19 assessor when the property was sold or transferred.  The
  1 20 belated claim shall be filed with the assessor on or before
  1 21 December 31 following the July 1 deadline.
  1 22                           EXPLANATION
  1 23    Under current law a claim for homestead exemption filed
  1 24 after the July 1 deadline is considered a claim for the
  1 25 following year.  This bill allows a belated claim to be filed
  1 26 until December 31 following the July 1 deadline if the
  1 27 property was sold or transferred to the person claiming the
  1 28 exemption in the year the claim was filed and the previous
  1 29 owner did not have a claim for homestead exemption on file
  1 30 with the assessor when the property was sold or transferred.
  1 31 LSB 5519YH 82
  1 32 sc/rj/14