HSB 22

Where it is now

1. ✓
   Done: IntroducedJanuary 12, 2023
2. ✓
   Done: SubcommitteeJanuary 12, 2023
3. ✓
   Done: House committeeJanuary 25, 2023
4. –
   Skipped: Passes the HouseContinued as HF 141
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Became HF 141 → Its progress continues under the new number. Go to HF 141 What’s a funnel?

What’s in it

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.

Full bill text¹

House subcommittee

Named January 12, 2023. On January 18, 2023 it recommended passage. Vote Total: 3-0.

• Rep. Stanley R. Gustafson R
• Rep. Charles Isenhart D
• Rep. Matthew B. Rinker REmail

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

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 this will produce a declining fiscal impact on State appropriations and local revenue.

• Military Service Property Tax Exemption, Amount · February 15, 2023
• Military Service Property Tax Exemption, Amount · February 1, 2023

Reading a fiscal note²

Iowa Code it changes

Amends§426A.11

How the Code works³

Family tree

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

• HF 2016 Relating to the military service property tax exemption and credit and including applicabi…
  89th General Assembly · Subcommittee recommends passage · same title
  Cleared committee

Matched by wording or an identical title.