Establishing a partial exemption on property taxes for certain residential properties sold in disaster areas

Where it is now

1. ✓
   Done: IntroducedFebruary 27, 2025
2. ✓
   Done: SubcommitteeFebruary 27, 2025
3. ✕
   Stopped: House committeeDied when the General Assembly ended
4. Next: Passes the House
5. Next: Senate committeeFunnel: by March 20, 2026
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

A residential property sold by the United States department of housing and urban development (HUD) to an owner who is receiving the homestead tax credit on the residential property shall be partially exempt from taxation if the sale was to provide housing to individuals following a major disaster or disaster emergency and the residential property was located in the major disaster or disaster emergency area. The exemption is for a four-year period beginning with the first full H.F. _____ assessment year after the sale. This bill provides an percent exemption on the actual value in the first assessment year, a percent in the second year, a percent in the third year, a percent in the fourth year, and the exemption expires in the fifth year.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

House subcommittee

Named February 27, 2025. On March 12, 2025 it recommended passage.

• Rep. Megan Jones REmail
• Rep. Brent Siegrist REmail
• Rep. Elizabeth Wilson DEmail

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

Amends§427.1

Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works

Similar bills

• HF 2341 Establishing a partial exemption on property taxes for certain residential properties sold…
  91st General Assembly · In committee
  Nearly identical
• HF 565 Establishing a partial exemption on property taxes for certain residential properties sold…
  91st General Assembly · Renumbered as HF 1013
  Nearly identical

Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.