Senate
File
219
-
Introduced
SENATE
FILE
219
BY
WHITING
A
BILL
FOR
An
Act
relating
to
the
maximum
amount
of
property
taxes
due
or
1
rent
constituting
property
taxes
paid
that
may
be
considered
2
in
calculating
the
elderly
and
disabled
property
tax
3
credit
or
rent
reimbursement
and
including
applicability
4
provisions.
5
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
6
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219
Section
1.
Section
425.24,
Code
2021,
is
amended
to
read
as
1
follows:
2
425.24
Maximum
property
tax
for
purpose
of
credit
or
3
reimbursement.
4
In
any
case
in
which
property
taxes
due
or
rent
constituting
5
property
taxes
paid
for
any
household
exceeds
one
two
thousand
6
dollars,
the
amount
of
property
taxes
due
or
rent
constituting
7
property
taxes
paid
shall
be
deemed
to
have
been
one
two
8
thousand
dollars
for
purposes
of
this
subchapter
.
9
Sec.
2.
IMPLEMENTATION.
Section
25B.7
shall
not
apply
to
10
this
provision
of
this
Act.
11
Sec.
3.
APPLICABILITY.
This
Act
applies
January
1,
2022,
12
for
claims
for
credits
or
reimbursement
filed
under
chapter
13
425,
subchapter
II,
on
or
after
that
date.
14
EXPLANATION
15
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
16
the
explanation’s
substance
by
the
members
of
the
general
assembly.
17
This
bill
increases
from
$1,000
to
$2,000
the
maximum
amount
18
of
property
taxes
due
or
rent
constituting
property
taxes
paid
19
that
may
be
considered
in
calculating
the
elderly
and
disabled
20
property
tax
credit
or
rent
reimbursement
under
Code
chapter
21
425,
subchapter
II.
22
Code
section
25B.7
provides
that
for
a
property
tax
credit
23
or
exemption
enacted
on
or
after
January
1,
1997,
if
a
state
24
appropriation
made
to
fund
the
credit
or
exemption
is
not
25
sufficient
to
fully
fund
the
credit
or
exemption,
the
political
26
subdivision
shall
be
required
to
extend
to
the
taxpayer
only
27
that
portion
of
the
credit
or
exemption
estimated
by
the
28
department
of
revenue
to
be
funded
by
the
state
appropriation.
29
The
bill
makes
Code
section
25B.7
inapplicable
to
the
bill.
30
The
bill
applies
January
1,
2022,
for
claims
for
credits
or
31
reimbursement
filed
under
Code
chapter
425,
subchapter
II,
on
32
or
after
that
date.
33
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