House
File
2086
-
Introduced
HOUSE
FILE
2086
BY
MASCHER
A
BILL
FOR
An
Act
providing
for
and
making
an
appropriation
to
the
1
department
of
revenue
for
the
elderly
and
disabled
tax
2
credit
and
reimbursement
and
providing
an
effective
date.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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5334HH
(2)
83
md/sc
H.F.
2086
Section
1.
ELDERLY
AND
DISABLED
TAX
CREDIT
AND
1
REIMBURSEMENT
——
APPROPRIATION.
2
1.
Notwithstanding
the
amount
appropriated
by
section
3
425.39,
there
is
appropriated
from
the
general
fund
of
4
the
state
to
the
department
of
revenue
for
the
fiscal
year
5
beginning
July
1,
2010,
and
ending
June
30,
2011,
the
following
6
amount
to
be
used
for
the
purpose
designated:
7
For
implementing
the
elderly
and
disabled
tax
credit
and
8
reimbursement
pursuant
to
sections
425.16
through
425.39:
9
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$
30,000,000
10
2.
If
the
director
of
revenue
determines
that
the
amount
of
11
claims
for
credit
for
property
taxes
due
pursuant
to
subsection
12
1,
plus
the
amount
of
claims
for
reimbursement
for
rent
13
constituting
property
taxes
paid
which
are
to
be
paid
during
14
the
fiscal
year
may
exceed
the
total
amount
appropriated,
the
15
director
shall
estimate
the
percentage
of
the
credits
and
16
reimbursements
which
will
be
funded
by
the
appropriation.
The
17
county
treasurer
shall
notify
the
director
of
the
amount
of
18
property
tax
credits
claimed
by
June
8,
2010.
The
director
19
shall
estimate
the
percentage
of
the
property
tax
credits
20
and
rent
reimbursement
claims
that
will
be
funded
by
the
21
appropriation
and
notify
the
county
treasurer
of
the
percentage
22
estimate
by
June
15,
2010.
The
estimated
percentage
shall
23
be
used
in
computing
for
each
claim
the
amount
of
property
24
tax
credit
and
reimbursement
for
rent
constituting
property
25
taxes
paid
for
that
fiscal
year.
If
the
director
overestimates
26
the
percentage
of
funding,
claims
for
reimbursement
for
rent
27
constituting
property
taxes
paid
shall
be
paid
until
they
can
28
no
longer
be
paid
at
the
estimated
percentage
of
funding.
Rent
29
reimbursement
claims
filed
after
that
point
in
time
shall
30
receive
priority
and
shall
be
paid
in
the
following
fiscal
31
year.
32
Sec.
2.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
33
importance,
takes
effect
upon
enactment.
34
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2086
EXPLANATION
1
This
bill
appropriates
$30
million
from
the
general
fund
2
of
the
state
to
the
department
of
revenue
for
the
fiscal
3
year
beginning
July
1,
2010,
and
ending
June
30,
2011,
4
for
implementing
the
elderly
and
disabled
tax
credit
and
5
reimbursement
pursuant
to
Code
sections
425.16
through
425.39.
6
The
bill
also
provides
the
procedure
to
be
used
by
the
7
director
of
revenue
if
the
amount
of
claims
for
credit
for
8
property
taxes
and
reimbursement
for
rent
constituting
property
9
taxes
paid
exceed
the
total
amount
appropriated.
10
The
bill
takes
effect
upon
enactment.
11
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(2)
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md/sc
2/
2