Bill Text: IA HF325 | 2021-2022 | 89th General Assembly | Introduced
Bill Title: A bill for an act relating to eligibility for a property tax exemption for certain property of veterans associations.(Formerly HSB 42.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2022-02-03 - Subcommittee recommends passage. Vote Total: 2-0 [HF325 Detail]
Download: Iowa-2021-HF325-Introduced.html
House
File
325
-
Introduced
HOUSE
FILE
325
BY
COMMITTEE
ON
VETERANS
AFFAIRS
(SUCCESSOR
TO
HSB
42)
A
BILL
FOR
An
Act
relating
to
eligibility
for
a
property
tax
exemption
for
1
certain
property
of
veterans
associations.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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325
Section
1.
Section
427.1,
subsection
5,
Code
2021,
is
1
amended
to
read
as
follows:
2
5.
Property
of
associations
of
war
veterans.
3
a.
The
property
of
any
organization
composed
wholly
of
4
veterans
of
any
war
,
when
such
property
is,
except
as
otherwise
5
provided
in
this
subsection
or
subsection
14
,
devoted
entirely
6
to
its
own
use
and
not
held
for
pecuniary
profit.
7
b.
The
operation
of
bingo
games
on
property
of
such
8
organization
shall
not
adversely
affect
the
exemption
of
that
9
property
under
this
subsection
if
all
proceeds,
in
excess
10
of
expenses,
are
used
for
the
legitimate
purposes
of
the
11
organization.
12
c.
The
occasional
or
irregular
lease
or
rental
of
all
13
or
a
portion
of
the
property
of
such
organization
shall
not
14
adversely
affect
the
exemption
of
that
property
under
this
15
subsection
if
the
proceeds
from
such
lease
or
rental
do
not
16
exceed
two
hundred
fifty
dollars
per
lease
or
rental,
and
the
17
proceeds,
in
excess
of
expenses,
are
used
for
the
legitimate
18
purposes
of
the
organization.
In
addition,
the
occasional
19
or
irregular
lease
or
rental
shall
be
considered
a
use
for
20
the
appropriate
objects
of
the
organization
for
purposes
of
21
subsection
14
.
22
EXPLANATION
23
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
24
the
explanation’s
substance
by
the
members
of
the
general
assembly.
25
This
bill
concerns
the
property
tax
exemption
for
certain
26
property
of
an
organization
composed
of
veterans.
The
bill
27
strikes
the
requirement
that
the
exemption
is
limited
only
to
28
those
organizations
wholly
composed
of
veterans
of
any
war
and
29
instead
allows
the
exemption
for
organizations
composed
of
30
veterans.
31
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