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

HSB 22: HSB 22

Became HF 141 · Its progress continues under the new number.

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.

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…

House subcommittee · named January 12, 2023

Rep. Stanley R. Gustafson (R)
Rep. Charles Isenhart (D)
Rep. Matthew B. Rinker (R) · matthew.rinker@legis.iowa.gov

Lobbying · 3 for, 0 against

For: American Legion of Iowa; Greater Des Moines Habitat for Humanity; Iowa State Commission of Veterans Affairs

In plain words

January 12, 2023Filed in the House and sent to the Veterans Affairs committee
January 12, 2023House subcommittee named: Gustafson, Isenhart and Rinker
January 18, 2023Subcommittee recommended passing it
January 25, 2023Approved by the House committee
January 26, 2023Approved by the House committee, and given a new number: HF141