House
File
227
-
Introduced
HOUSE
FILE
227
BY
STONE
A
BILL
FOR
An
Act
relating
to
the
disabled
veteran
homestead
tax
credit
by
1
modifying
eligibility
criteria
and
including
effective
date
2
and
applicability
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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227
Section
1.
Section
425.15,
subsection
1,
paragraphs
b
and
c,
1
Code
2021,
are
amended
to
read
as
follows:
2
b.
A
veteran
as
defined
in
section
35.1
with
a
permanent
3
service-connected
disability
rating
of
one
hundred
seventy
4
percent
or
higher
,
as
certified
by
the
United
States
department
5
of
veterans
affairs,
or
a
permanent
and
total
disability
rating
6
based
on
individual
unemployability
that
is
compensated
at
the
7
one
hundred
percent
disability
rate,
as
certified
by
the
United
8
States
department
of
veterans
affairs.
9
c.
A
former
member
of
the
national
guard
of
any
state
who
10
otherwise
meets
the
service
requirements
of
section
35.1,
11
subsection
2
,
paragraph
“b”
,
subparagraph
(2)
or
(7),
with
a
12
permanent
service-connected
disability
rating
of
one
hundred
13
seventy
percent
or
higher
,
as
certified
by
the
United
States
14
department
of
veterans
affairs,
or
a
permanent
and
total
15
disability
rating
based
on
individual
unemployability
that
is
16
compensated
at
the
one
hundred
percent
disability
rate,
as
17
certified
by
the
United
States
department
of
veterans
affairs.
18
Sec.
2.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
19
importance,
takes
effect
upon
enactment.
20
Sec.
3.
APPLICABILITY.
This
Act
applies
to
applications
for
21
the
disabled
veteran
tax
credit
filed
on
or
after
the
effective
22
date
of
this
Act.
23
EXPLANATION
24
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
25
the
explanation’s
substance
by
the
members
of
the
general
assembly.
26
Current
Code
section
425.15,
in
part,
provides
a
homestead
27
credit
to
the
owner
of
a
homestead
for
the
full
amount
of
tax
28
levied
if
the
owner
is
either
of
the
following:
(1)
a
veteran
29
with
a
permanent
service-connected
disability
rating
of
100
30
percent
or
a
permanent
and
total
disability
rating
based
on
31
individual
unemployability
that
is
compensated
at
the
100
32
percent
disability
rate;
or
(2)
a
former
member
of
the
national
33
guard
of
any
state
who
meets
specified
service
requirements
34
with
a
permanent
service-connected
disability
rating
of
100
35
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percent
or
a
permanent
and
total
disability
rating
based
on
1
individual
unemployability
that
is
compensated
at
the
100
2
percent
disability
rate.
3
This
bill
amends
a
portion
of
the
credit
qualification
4
criteria
for
those
categories
of
veterans
and
former
members
5
of
the
national
guard
to
require
a
permanent
service-connected
6
disability
rating
of
70
percent
or
higher.
The
bill
does
not
7
amend
the
portion
of
the
credit
qualification
criteria
based
on
8
the
determination
of
individual
unemployability.
9
The
bill
takes
effect
upon
enactment
and
applies
to
10
applications
for
the
disabled
veteran
tax
credit
filed
on
or
11
after
the
effective
date
of
the
bill.
12
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