Bill Text: IA HF2601 | 2019-2020 | 88th General Assembly | Introduced
Bill Title: A bill for an act relating to filing for specified property tax credits and including effective date and retroactive applicability provisions. (Formerly HF 2357.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2020-03-05 - Fiscal note. [HF2601 Detail]
Download: Iowa-2019-HF2601-Introduced.html
House
File
2601
-
Introduced
HOUSE
FILE
2601
BY
COMMITTEE
ON
WAYS
AND
MEANS
(SUCCESSOR
TO
HF
2357)
A
BILL
FOR
An
Act
relating
to
filing
for
specified
property
tax
credits
1
and
including
effective
date
and
retroactive
applicability
2
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
TLSB
6096HV
(1)
88
md/jh
H.F.
2601
Section
1.
Section
425.2,
subsection
1,
Code
2020,
is
1
amended
to
read
as
follows:
2
1.
a.
A
person
who
wishes
to
qualify
for
the
credit
allowed
3
under
this
chapter
shall
obtain
the
appropriate
forms
for
4
filing
for
the
credit
from
the
assessor.
The
person
claiming
5
the
credit
shall
file
a
verified
statement
and
designation
6
of
homestead
with
the
assessor
for
the
year
for
which
the
7
person
is
first
claiming
the
credit.
The
Except
as
provided
8
in
paragraph
“b”
,
the
claim
shall
be
filed
not
later
than
July
9
1
of
the
year
for
which
the
person
is
claiming
the
credit.
A
10
claim
filed
after
July
1
or
the
date
under
paragraph
“b”
,
if
11
applicable,
of
the
year
for
which
the
person
is
claiming
the
12
credit
shall
be
considered
as
a
claim
filed
for
the
following
13
year.
14
b.
If
the
homestead
is
acquired
by
the
person
on
or
after
15
June
25
but
before
July
1
of
the
year
for
which
the
person
16
is
first
claiming
the
credit,
the
claim
shall
be
filed
not
17
later
than
seven
days
following
the
date
of
the
real
estate
18
closing
and
the
person
shall
be
considered
to
be
occupying
the
19
homestead
beginning
on
the
date
of
the
real
estate
closing.
20
Sec.
2.
Section
425.3,
subsection
3,
Code
2020,
is
amended
21
to
read
as
follows:
22
3.
Not
later
than
July
6
15
of
each
year,
the
assessor
23
shall
remit
the
statements
and
designation
of
homesteads
to
the
24
county
auditor
with
the
assessor’s
recommendation
for
allowance
25
or
disallowance.
If
the
assessor
recommends
disallowance
26
of
a
claim,
the
assessor
shall
submit
the
reasons
for
the
27
recommendation,
in
writing,
to
the
county
auditor.
28
Sec.
3.
Section
426A.13,
subsection
2,
Code
2020,
is
amended
29
to
read
as
follows:
30
2.
a.
The
person
shall
file
with
the
appropriate
assessor
31
on
forms
obtained
from
the
assessor
the
claim
for
exemption
for
32
the
year
for
which
the
person
is
first
claiming
the
exemption.
33
The
Except
as
provided
in
paragraph
“b”
,
the
claim
shall
be
34
filed
not
later
than
July
1
of
the
year
for
which
the
person
35
-1-
LSB
6096HV
(1)
88
md/jh
1/
3
H.F.
2601
is
claiming
the
exemption.
The
claim
shall
set
out
the
fact
1
that
the
person
is
a
resident
of
and
domiciled
in
the
state
2
of
Iowa,
and
a
person
within
the
terms
of
section
426A.11
,
3
and
shall
give
the
volume
and
page
on
which
the
certificate
4
of
satisfactory
service,
order
of
separation,
retirement,
5
furlough
to
reserve,
inactive
status,
or
honorable
discharge
or
6
certified
copy
thereof
is
recorded
in
the
office
of
the
county
7
recorder,
and
may
include
the
designation
of
the
property
8
from
which
the
exemption
is
to
be
made,
and
shall
further
9
state
that
the
claimant
is
the
equitable
or
legal
owner
of
the
10
property
designated
or
if
the
property
is
owned
by
a
family
11
farm
corporation,
that
the
person
is
a
shareholder
of
that
12
corporation
and
that
the
person
occupies
the
property.
In
the
13
case
of
a
person
claiming
the
exemption
as
a
veteran
described
14
in
section
35.1,
subsection
2
,
paragraph
“b”
,
subparagraph
(6)
15
or
(7),
the
person
shall
file
the
statement
required
by
section
16
35.2
.
17
b.
If
the
property
is
acquired
by
the
person
on
or
after
18
June
25
but
before
July
1
of
the
year
for
which
the
person
is
19
first
claiming
the
exemption,
the
claim
shall
be
filed
not
20
later
than
seven
days
following
the
date
of
the
real
estate
21
closing
and
the
person
shall
be
considered
to
be
occupying
the
22
property
beginning
on
the
date
of
the
real
estate
closing.
23
Sec.
4.
Section
426A.14,
subsection
3,
Code
2020,
is
amended
24
to
read
as
follows:
25
3.
Not
later
than
July
6
15
of
each
year,
the
assessor
26
shall
remit
the
claims
and
designations
of
property
to
the
27
county
auditor
with
the
assessor’s
recommendation
for
allowance
28
or
disallowance.
If
the
assessor
recommends
disallowance
29
of
a
claim,
the
assessor
shall
submit
the
reasons
for
the
30
recommendation,
in
writing,
to
the
county
auditor.
31
Sec.
5.
Section
426C.3,
subsection
2,
paragraph
a,
32
subparagraph
(2),
Code
2020,
is
amended
to
read
as
follows:
33
(2)
Claims
for
the
business
property
tax
credit
against
34
taxes
due
and
payable
in
fiscal
years
beginning
on
or
after
35
-2-
LSB
6096HV
(1)
88
md/jh
2/
3
H.F.
2601
July
1,
2017,
shall
be
filed
not
later
than
July
1
preceding
1
the
fiscal
year
during
which
the
taxes
for
which
the
credit
2
is
claimed
are
due
and
payable.
However,
if
the
property
is
3
acquired
by
the
person
on
or
after
June
25
but
before
July
1
4
immediately
preceding
the
July
1
filing
deadline,
the
claim
5
shall
be
filed
not
later
than
seven
days
following
the
date
of
6
acquisition.
7
Sec.
6.
EFFECTIVE
DATE.
This
Act,
being
deemed
of
immediate
8
importance,
takes
effect
upon
enactment.
9
Sec.
7.
RETROACTIVE
APPLICABILITY.
This
Act
applies
10
retroactively
to
assessment
years
beginning
on
or
after
January
11
1,
2020.
12
EXPLANATION
13
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
14
the
explanation’s
substance
by
the
members
of
the
general
assembly.
15
Code
section
425.2
provides
that
a
claim
for
the
homestead
16
property
tax
credit
shall
be
filed
not
later
than
July
1
of
the
17
assessment
year
for
which
the
person
is
claiming
the
credit.
18
A
claim
filed
after
July
1
of
the
year
for
which
the
person
is
19
claiming
the
credit
shall
be
considered
as
a
claim
filed
for
20
the
following
year.
This
bill
provides
that
if
the
homestead
21
is
acquired
by
the
person
on
or
after
June
25
but
before
July
1
22
of
the
assessment
year
for
which
the
person
is
first
claiming
23
the
credit,
the
claim
shall
be
filed
not
later
than
seven
days
24
following
the
date
of
the
real
estate
closing
and
the
person
25
shall
be
considered
to
be
occupying
the
property
beginning
on
26
the
date
of
the
real
estate
closing.
27
The
bill
makes
corresponding
changes
to
other
deadlines
28
relating
to
the
homestead
credit
and
makes
similar
changes
to
29
the
application
deadlines
for
the
business
property
tax
credit
30
under
Code
chapter
426C
and
the
military
service
credit
under
31
Code
chapter
426A.
32
The
bill
takes
effect
upon
enactment
and
applies
33
retroactively
to
assessment
years
beginning
on
or
after
January
34
1,
2020.
35
-3-
LSB
6096HV
(1)
88
md/jh
3/
3
