Establishing a homestead adjustment property tax credit for certain property of persons who have attained the age of sixty-five or who are totally disabled, applying income limitations, providing a penalty, making appropriations, and including retroactive and other applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 24, 2019
2. ✓
   Done: SubcommitteeJanuary 29, 2019
3. ✕
   Stopped: Senate committeeDied when the General Assembly ended
4. Next: Passes the Senate
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

Senate subcommittee

Named January 29, 2019. It hasn’t reported yet.

• Sen. Randy Feenstra R
• Sen. Jim Carlin R
• Sen. Pam Jochum D

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

3 million The property tax reduction and the cost to the State General Fund will continue to grow in years beyond FY 2024, driven mainly by the projected annual increase in home values of qualified homeowners. Implementing the new tax credit will necessitate changes to forms, computer reprogramming, and staff costs for the Department of Revenue, as well as local assessors and treasurers.

• Senior/Disabled Low-Income Property Tax Credit · February 18, 2019

Reading a fiscal note¹