Read the full stored bill text
House
File
691
-
Introduced
HOUSE
FILE
691
BY
JACOBY
A
BILL
FOR
An
Act
creating
a
residential
rebate
program
for
residential
1
owners
and
renters
and
making
appropriations.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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Section
1.
Section
8.57E,
subsection
2,
paragraph
a,
Code
1
2025,
is
amended
to
read
as
follows:
2
a.
Except
as
otherwise
provided
in
this
section
,
moneys
3
in
the
taxpayer
relief
fund
shall
only
be
used
pursuant
to
4
appropriations
or
transfers
made
by
the
general
assembly
for
5
tax
relief
,
or
reductions
in
income
tax
rates
,
or
rebates
under
6
section
425B.1
.
7
Sec.
2.
NEW
SECTION
.
425B.1
Residential
rebate
——
fund
——
8
appropriation.
9
1.
As
used
in
this
section,
“eligibility
period”
means
each
10
fiscal
year
commencing
with
the
fiscal
year
beginning
July
1,
11
2025,
but
before
the
fiscal
year
beginning
July
1,
2030.
12
2.
a.
A
residential
rebate
fund
is
created
within
the
13
state
treasury
under
the
control
of
the
department
of
revenue.
14
For
each
fiscal
year
in
the
eligibility
period,
there
is
15
appropriated
from
the
taxpayer
relief
fund
under
section
8.57E
16
to
the
department
of
revenue
to
be
credited
to
the
residential
17
rebate
fund,
an
amount
sufficient
to
implement
this
chapter
for
18
the
applicable
fiscal
year.
The
department
of
revenue
shall
19
determine
the
annual
appropriation
amount.
20
b.
Moneys
in
fund
are
to
be
used
during
the
eligibility
21
period
to
provide
residential
rebate
payments
annually
to
22
qualified
persons
as
described
in
this
section.
23
3.
a.
A
person
owning
a
homestead
qualifies
to
claim
24
a
residential
rebate
in
the
amount
of
one
thousand
dollars
25
for
each
fiscal
year
of
the
eligibility
period
the
person
26
claimed
the
homestead
credit
under
chapter
425,
in
the
previous
27
fiscal
year.
Only
one
rebate
may
be
claimed
for
a
particular
28
homestead
per
fiscal
year.
29
b.
The
department
shall
use
homestead
property
tax
credit
30
records
from
county
treasurers
to
identify
and
pay
residential
31
rebates
to
qualified
owners
under
this
subsection.
32
4.
a.
A
person
renting
a
residence
qualifies
to
claim
a
33
residential
rebate
in
the
amount
of
five
hundred
dollars
if
the
34
residence
is
the
person’s
primary
residence.
Not
more
than
two
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rebates
may
be
claimed
for
a
particular
rented
residence
per
1
fiscal
year
and
not
more
than
one
rebate
may
be
claimed
per
2
familial
household
per
fiscal
year.
3
b.
A
person
who
wishes
to
qualify
for
the
residential
4
rebate
allowed
under
this
chapter
as
a
renter,
shall
obtain
the
5
appropriate
forms
for
claiming
the
rebate
from
the
department
6
of
revenue.
The
person
claiming
the
rebate
shall
file
a
claim
7
form,
including
a
verified
statement
and
designation
of
primary
8
residence,
with
the
department
of
revenue
for
the
year
for
9
which
the
person
is
claiming
the
rebate.
The
claim
shall
be
10
filed
no
later
than
September
1
following
the
fiscal
year
for
11
which
the
person
is
claiming
the
rebate.
12
5.
By
January
1
following
each
fiscal
year
during
the
13
eligibility
period,
the
department
of
revenue
shall
make
the
14
authorized
rebate
payments
to
persons
who
qualify
for
the
15
rebate
under
this
chapter.
16
EXPLANATION
17
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
18
the
explanation’s
substance
by
the
members
of
the
general
assembly.
19
This
bill
creates
a
residential
rebate
program
for
20
residential
owners
and
renters.
21
The
bill
creates
a
residential
rebate
fund
(fund)
under
the
22
control
of
the
department
of
revenue
(DOR).
For
each
fiscal
23
year
specified
in
the
eligibility
period,
there
is
appropriated
24
from
the
taxpayer
relief
fund
to
the
DOR
to
be
credited
to
the
25
fund,
an
amount
sufficient
to
implement
the
bill.
26
The
bill
defines
“eligibility
period”
to
mean
each
fiscal
27
year
commencing
with
the
fiscal
year
beginning
July
1,
2025,
28
but
before
the
fiscal
year
beginning
July
1,
2030.
29
The
bill
specifies
a
person
owning
a
homestead
qualifies
to
30
claim
a
residential
rebate
in
the
amount
of
$1,000
for
each
31
fiscal
year
of
the
eligibility
period
the
person
claimed
the
32
homestead
credit
under
Code
chapter
425.
Only
one
rebate
may
33
be
claimed
for
a
particular
homestead
per
fiscal
year.
34
The
bill
specifies
a
person
renting
a
residence
qualifies
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to
claim
an
annual
residential
rebate
in
the
amount
of
$500
1
if
the
residence
is
the
person’s
primary
residence
during
a
2
fiscal
year
during
the
eligibility
period.
The
bill
creates
a
3
process
for
persons
renting
to
submit
the
application
for
the
4
residential
rebate.
Not
more
than
two
rebates
may
be
claimed
5
for
a
particular
rented
residence
per
fiscal
year
and
not
more
6
than
one
rebate
may
be
claimed
per
familial
household
per
7
fiscal
year.
8
By
January
1
following
each
fiscal
year
during
the
9
eligibility
period,
DOR
shall
make
the
authorized
payment
10
amount
of
$1,000
or
$500,
as
applicable,
to
persons
who
qualify
11
for
the
rebate.
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