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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 141: Relating to the military service property tax exemption and credit and including applicability provisions

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

What it does

This bill relates to the military service property tax exemption and credit. Under current law, veterans of World War I are entitled to a property tax exemption of $2,778 in taxable value and honorably discharged veterans who served during other specific time periods are entitled to a property tax exemption of $1,852 in taxable value. The bill increases the exemption amount for all eligible veterans to $4,000.92 per $1,000 of assessed value of the exempt property.7 provides that if a state appropriation made to fund a credit or exemption is not sufficient to fully fund the credit or exemption, the political subdivision shall be required to extend to the taxpayer only that portion of the credit or exemption estimated by the department of revenue to be funded by the state appropriation.

Sponsors

Veterans Affairs committee

Cost

See the fiscal note

6 million. This reduction in property tax payments will result in an increase in two State General Fund appropriations and a decrease in overall local government revenue. 4 million Going forward, the number of veterans is expected to decline each year, and thi…

Lobbying · 2 for, 0 against

For: American Legion of Iowa; Greater Des Moines Habitat for Humanity

In plain words

  1. January 26, 2023Filed in the House and sent to the Ways and Means committee
  2. February 1, 2023Cost estimate (fiscal note) posted

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF141