SF 351: Establishing a surviving spouse property tax deferral program for certain persons who have attained the age of sixty-five, applying income limitations, providing a penalty, making appropriations, and including applicability provisions

What it does

This bill establishes a surviving spouse property tax deferral program for certain persons who have attained the age of 65. Under the bill, persons who own their homestead and who meet all of the following criteria are eligible to receive a deferral of property taxes levied against the homestead: (1) the property must be owned and occupied as a homestead by a claimant who is a surviving spouse who has not remarried; (2) the total household income of the claimant does not exceed $60,000; (3) the homestead must have been owned and occupied as the homestead of the claimant or the claimant’s deceased spouse for at least years; (4) there are no state or federal tax liens or judgment liens on the homestead; and (5) the total unpaid balances of debts secured by mortgages and other liens on the property do not exceed percent of the actual value of the property.

Senate subcommittee · named February 16, 2021

• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Tim Goodwin (R)
• Sen. Pam Jochum (D)

In plain words

1. February 11, 2021Filed in the Senate and sent to the Ways and Means committee
2. February 16, 2021Senate subcommittee named: Dawson, Goodwin and Jochum