HF 2590: Relating to mobile homes and manufactured homes property taxes, and including applicability provisions

What it does

This bill relates to the taxation of mobile homes and manufactured homes. The bill modifies income threshold amounts applicable to the reduced square footage tax rates applicable to mobile homes and manufactured homes. These amounts are currently adjusted for inflation. For the year beginning July 1, 2024, the annual tax is not imposed on an owner with an annual income of less than $13,048, and an owner with an annual income between $13,408 and $25,328 pays the annual tax at one of five reduced rates. The bill provides that the tax is not imposed on an owner with an annual income of less than $40,000, does not provide a reduced rate, and does not adjust the $40,000 threshold for inflation. The bill applies to taxes due and payable for fiscal years beginning on or after July 1, 2025.

House subcommittee · named March 6, 2024

• Rep. Phil Thompson (R)
• Rep. Megan Jones (R) · megan.jones@legis.iowa.gov
• Rep. Kenan Judge (D) · kenan.judge@legis.iowa.gov

In plain words

1. February 13, 2024Filed in the House and sent to the Judiciary committee · as HSB 706
2. February 13, 2024House subcommittee named: Lohse, Kaufmann and Wilburn · as HSB 706
3. February 14, 2024Subcommittee recommended passing it · as HSB 706
4. February 15, 2024Approved by the House committee · as HSB 706
5. February 19, 2024Filed in the House and sent to the Ways and Means committee
6. February 19, 2024Approved by the House committee, and given a new number: HF 2590 · as HSB 706
7. March 6, 2024House subcommittee named: Thompson, P., Jones and Judge