Senate
File
263
-
Introduced
SENATE
FILE
263
BY
R.
SMITH
A
BILL
FOR
An
Act
relating
to
the
filing
date
and
approval
for
disabled
1
veteran
homestead
property
tax
credits
and
including
2
effective
date
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
1027XS
(3)
89
md/jh
S.F.
263
Section
1.
Section
425.1,
subsection
4,
Code
2021,
is
1
amended
to
read
as
follows:
2
4.
Annually
the
department
of
revenue
shall
certify
to
3
the
county
auditor
of
each
county
the
credit
and
its
amount
4
in
dollars.
Each
county
auditor
shall
then
enter
the
credit
5
against
the
tax
levied
on
each
eligible
homestead
in
each
6
county
payable
during
the
ensuing
year,
designating
on
the
tax
7
lists
the
credit
as
being
from
the
homestead
credit
fund,
and
8
credit
shall
then
be
given
to
the
several
taxing
districts
in
9
which
eligible
homesteads
are
located
in
an
amount
equal
to
the
10
credits
allowed
on
the
taxes
of
the
homesteads.
The
amount
11
of
credits
certified
and
amounts
given
to
the
several
taxing
12
districts
shall
be
adjusted,
if
necessary,
as
the
result
of
13
claims
filed
and
approved
under
section
425.2,
subsection
1,
14
paragraph
“c”
,
following
the
date
for
certification.
The
amount
15
of
credits
shall
be
apportioned
by
each
county
treasurer
to
the
16
several
taxing
districts
as
provided
by
law,
in
the
same
manner
17
as
though
the
amount
of
the
credit
had
been
paid
by
the
owners
18
of
the
homesteads.
However,
the
several
taxing
districts
shall
19
not
draw
the
funds
so
credited
until
after
the
semiannual
20
allocations
have
been
received
by
the
county
treasurer,
as
21
provided
in
this
chapter
.
Each
county
treasurer
shall
show
22
on
each
tax
receipt
the
amount
of
credit
received
from
the
23
homestead
credit
fund.
24
Sec.
2.
Section
425.2,
subsection
1,
Code
2021,
is
amended
25
to
read
as
follows:
26
1.
a.
A
person
who
wishes
to
qualify
for
the
credit
allowed
27
under
this
chapter
shall
obtain
the
appropriate
forms
for
28
filing
for
the
credit
from
the
assessor.
The
person
claiming
29
the
credit
shall
file
a
verified
statement
and
designation
of
30
homestead
with
the
assessor
for
the
year
for
which
the
person
31
is
first
claiming
the
credit.
32
b.
The
claim
shall
be
filed
not
later
than
July
1
of
the
33
year
for
which
the
person
is
claiming
the
credit.
A
claim
34
filed
after
July
1
of
the
year
for
which
the
person
is
claiming
35
-1-
LSB
1027XS
(3)
89
md/jh
1/
3
S.F.
263
the
credit
shall
be
considered
as
a
claim
filed
for
the
1
following
year.
2
c.
(1)
For
a
person
filing
a
claim
under
this
subchapter
3
who
qualifies
for
the
credit
amount
provided
under
section
4
425.15
and
who
is
approved
under
subparagraph
(2),
the
credit
5
shall
be
applicable
immediately
to
property
tax
payments
due
6
and
payable
beginning
with
the
fiscal
year
that
the
claim
7
was
filed
and
for
which
the
person
claiming
the
credit
is
8
responsible
for
payment
on
or
after
the
date
of
filing.
9
(2)
In
order
to
receive
the
credit
for
property
taxes
due
10
and
payable
in
the
fiscal
year
that
the
claim
was
filed,
a
11
claimant
satisfying
the
requirements
of
subparagraph
(1)
shall
12
file
a
petition,
duly
sworn
to,
with
the
board
of
supervisors,
13
requesting
approval
of
the
credit
for
that
fiscal
year.
The
14
board
of
supervisors
may,
if
in
the
board’s
judgment
it
is
for
15
the
best
interests
of
the
public
and
the
claimant,
approve
the
16
request.
17
Sec.
3.
Section
425.3,
subsection
3,
Code
2021,
is
amended
18
to
read
as
follows:
19
3.
Not
later
than
July
6
of
each
year,
or
for
claims
filed
20
under
section
425.2,
subsection
1,
paragraph
“c”
,
as
soon
as
21
practicable
following
the
date
of
approval,
the
assessor
shall
22
remit
the
statements
and
designation
of
homesteads
to
the
23
county
auditor
with
the
assessor’s
recommendation
for
allowance
24
or
disallowance.
If
the
assessor
recommends
disallowance
25
of
a
claim,
the
assessor
shall
submit
the
reasons
for
the
26
recommendation,
in
writing,
to
the
county
auditor.
27
Sec.
4.
Section
425.4,
Code
2021,
is
amended
to
read
as
28
follows:
29
425.4
Certification
to
treasurer.
30
All
claims
which
have
been
allowed
by
the
board
of
31
supervisors
shall
be
certified
on
or
before
August
1,
in
each
32
year,
or
for
claims
filed
under
section
425.2,
subsection
33
1,
paragraph
“c”
,
as
soon
as
practicable
following
the
date
34
of
approval,
by
the
county
auditor
to
the
county
treasurer,
35
-2-
LSB
1027XS
(3)
89
md/jh
2/
3
S.F.
263
which
certificates
shall
list
the
total
amount
of
dollars,
1
listed
by
taxing
district
in
the
county,
due
for
homestead
2
tax
credits
claimed
and
allowed.
The
county
treasurer
shall
3
forthwith
certify
to
the
department
of
revenue
the
total
amount
4
of
dollars,
listed
by
taxing
district
in
the
county,
due
for
5
homestead
tax
credits
claimed
and
allowed.
6
Sec.
5.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
7
importance,
takes
effect
upon
enactment.
8
EXPLANATION
9
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
10
the
explanation’s
substance
by
the
members
of
the
general
assembly.
11
Current
Code
section
425.2
provides
that
a
person
who
wishes
12
to
receive
the
homestead
property
tax
credit
must
file
the
13
claim
with
the
assessor
not
later
than
July
1
of
the
assessment
14
year
for
which
the
person
is
claiming
the
credit
and
a
claim
15
filed
after
July
1
of
the
assessment
year
for
which
the
person
16
is
claiming
the
credit
shall
be
considered
as
a
claim
filed
17
for
the
following
year.
Consequently,
for
example,
a
claim
18
filed
on
July
1,
2021,
would
be
allowed
for
the
assessment
year
19
beginning
January
1,
2021,
for
property
taxes
calculated
using
20
valuations
from
that
assessment
year
that
are
due
and
payable
21
during
the
fiscal
year
beginning
July
1,
2022,
and
ending
June
22
30,
2023.
23
This
bill
modifies
the
timeline
for
which
a
homestead
credit
24
is
allowed
if
the
person
claiming
the
credit
is
eligible
for
25
the
disabled
veteran
homestead
credit
amount
under
Code
section
26
425.15.
For
such
a
claimant,
if
approved
by
the
board
of
27
supervisors,
the
credit
shall
be
applicable
immediately
to
28
property
tax
payments
due
and
payable
beginning
with
the
fiscal
29
year
that
the
claim
was
filed
and
for
which
the
person
claiming
30
the
credit
is
responsible
for
payment
on
or
after
the
date
of
31
filing.
For
example,
a
claim
filed
on
July
1,
2021,
would
be
32
allowed
for
property
taxes
that
are
due
and
payable
during
the
33
fiscal
year
beginning
July
1,
2021,
and
ending
June
30,
2022.
34
The
bill
takes
effect
upon
enactment.
35
-3-
LSB
1027XS
(3)
89
md/jh
3/
3