Bills › 90th General Assembly
Relating to persons who qualify for the military service tax exemption, and including applicability provisions
Topics:TaxesVeterans & military
Where it is now
- Done: IntroducedFebruary 27, 2024
- Done: SubcommitteeFebruary 29, 2024
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to persons who qualify for the military service tax exemption. of the United States Code. The bill changes the minimum aggregate a person must be activated for federal duty to months. The bill includes in the definition of veteran residents of this state who are current members of the armed forces of the United States and have served in the armed forces of the United States on federal active duty, other than training, for a minimum aggregate of months. The bill requires persons who qualify as veterans in this manner to submit a report created pursuant to the Servicemembers Civil Relief Act, showing the person’s status as a current member of the armed forces of the United States when required to verify the person’s status as a veteran.
Read the full explanation
The bill adds members of the United States army, marines, navy, and space force as armed forces explicitly included within the meaning of “veteran” for the purposes of Code chapter 426A (military service tax credit and exemptions). The military service tax exemption (MSTE) is an exemption on property value up to a maximum of $4,000 for assessment years beginning on or after January 1, 2023. The MSTE is available to veterans of the United States air force, merchant marine, and coast guard, and also to Iowa residents who were honorably discharged from armed service after a minimum of months of service and Iowa residents who were honorably discharged because of a service-related injury. The bill adds persons who are current members of the armed forces of the United States who have served a minimum aggregate of months and current members of the reserve forces or Iowa national guard who have served a minimum aggregate of years as persons who are eligible for the MSTE.7.7 provides that for a property tax credit or exemption enacted on or after January 1, 1997, if a state appropriation made to fund the 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.13(1) and (2). The bill applies to assessment years beginning on or after January 1, 2025.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Senate subcommittee
Named February 29, 2024. It hasn’t reported yet.
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
Iowa Code it changes
Cites§426A.11
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
0 for · 2 against · 5 undecided · Who →