Iowa-2015-SF45-Introduced
Senate File 45 - Introduced
SENATE FILE
BY QUIRMBACH, COURTNEY,
and HORN
A BILL FOR
1 An Act relating to the eligibility criteria for the disabled
2 veteran homestead tax credit and including effective date
3 and applicability provisions.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN
1 1 Section 1. Section 425.15, subsection 1, paragraphs b and c,
1 2 Code 2015, are amended to read as follows:
1 3 b. A veteran as defined in section 35.1 with a
1 4 service=connected disability rating of one hundred percent
1 5 or a one hundred percent service=connected disability rating
1 6 based on individual unemployability, as certified by the United
1 7 States department of veterans affairs.
1 8 c. A former member of the national guard of any state who
1 9 otherwise meets the service requirements of section 35.1,
1 10 subsection 2, paragraph "b", subparagraph (2) or (7), with a
1 11 service=connected disability rating of one hundred percent or
1 12 a one hundred percent disability rating based on individual
1 13 unemployability, as certified by the United States department
1 14 of veterans affairs.
1 15 Sec. 2. Section 425.15, Code 2015, is amended by adding the
1 16 following new subsection:
1 17 NEW SUBSECTION. 5. For purposes of this section,
1 18 "individual unemployability" means a condition under which a
1 19 person has either a service=connected disability rating of
1 20 sixty percent or two or more service=connected disability
1 21 conditions in which one of the conditions has at least a
1 22 forty percent rating and the combined rating for all the
1 23 conditions is at least seventy percent, and the person has
1 24 an administrative adjustment added to the service=connected
1 25 disability, due to individual unemployability, such that the
1 26 United States department of veterans affairs rates the veteran
1 27 one hundred percent disabled.
1 28 Sec. 3. EFFECTIVE UPON ENACTMENT. This Act, being deemed of
1 29 immediate importance, takes effect upon enactment.
1 30 Sec. 4. APPLICABILITY. This Act applies to applications for
1 31 the homestead credit under chapter 425 filed on or after the
1 32 effective date of this Act.
1 33 EXPLANATION
1 34 The inclusion of this explanation does not constitute agreement with
1 35 the explanation's substance by the members of the general assembly.
2 1 Current Code section 425.15 provides a homestead credit to
2 2 the owner of a homestead for the full amount of tax levied
2 3 if the owner is any of the following: (1) a veteran of any
2 4 of the military forces of the United States who acquired the
2 5 homestead under specified federal programs; (2) a veteran
2 6 with a service=connected disability rating of 100 percent;
2 7 (3) a former member of the national guard of any state who
2 8 meets specified service requirements with a service=connected
2 9 disability rating of 100 percent; or (4) an individual who is a
2 10 surviving spouse or a child and who is receiving dependency and
2 11 indemnity compensation.
2 12 This bill amends the eligibility criteria for the credit
2 13 to include a veteran with a 100 percent service=connected
2 14 disability rating based on individual unemployability and
2 15 certain members of the national guard with a 100 percent
2 16 service=connected disability rating based on individual
2 17 unemployability.
2 18 The bill defines "individual unemployability" to
2 19 mean a condition under which a person has either a
2 20 service=connected disability rating of 60 percent or two
2 21 or more service=connected disability conditions in which
2 22 one of the conditions has at least a 40 percent rating and
2 23 the combined rating for all the conditions is at least 70
2 24 percent, and the person has an administrative adjustment
2 25 added to the service=connected disability, due to individual
2 26 unemployability, such that the United States Department of
2 27 Veterans Affairs rates the veteran 100 percent disabled.
2 28 The bill takes effect upon enactment and applies to
2 29 applications for the homestead credit under Code chapter 425
2 30 filed on or after the effective date of the bill.
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