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House
File
916
-
Introduced
HOUSE
FILE
916
BY
JACOBY
and
McBURNEY
A
BILL
FOR
An
Act
modifying
provisions
relating
to
the
additional
property
1
tax
credit
for
elderly
persons
and
including
applicability
2
provisions.
3
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4
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Section
1.
Section
425.17,
subsection
2,
paragraph
a,
Code
1
2025,
is
amended
to
read
as
follows:
2
a.
“Claimant”
means
any
of
the
following:
3
(1)
A
person
filing
a
claim
for
credit
under
this
subchapter
4
who
has
attained
the
age
of
sixty-five
years
but
who
has
5
not
attained
the
age
of
seventy
years
on
or
before
December
6
31
of
the
base
year,
a
person
filing
a
claim
for
credit
or
7
reimbursement
under
this
subchapter
who
is
totally
disabled
8
and
was
totally
disabled
on
or
before
December
31
of
the
base
9
year,
or
a
person
filing
a
claim
for
reimbursement
under
this
10
subchapter
who
has
attained
the
age
of
sixty-five
years
on
or
11
before
December
31
of
the
base
year
and
who
is
domiciled
in
12
this
state
at
the
time
the
claim
is
filed
or
at
the
time
of
the
13
person’s
death
in
the
case
of
a
claim
filed
by
the
executor
or
14
administrator
of
the
claimant’s
estate.
15
(2)
A
person
filing
a
claim
for
credit
or
reimbursement
16
under
this
subchapter
who
has
attained
the
age
of
twenty-three
17
years
on
or
before
December
31
of
the
base
year
or
was
a
head
18
of
household
on
December
31
of
the
base
year,
as
defined
in
19
the
Internal
Revenue
Code,
but
has
not
attained
the
age
or
20
disability
status
described
in
subparagraph
(1)
or
the
age
21
status
and
eligibility
criteria
of
subparagraph
(3),
and
is
22
domiciled
in
this
state
at
the
time
the
claim
is
filed
or
at
the
23
time
of
the
person’s
death
in
the
case
of
a
claim
filed
by
the
24
executor
or
administrator
of
the
claimant’s
estate,
and
was
not
25
claimed
as
a
dependent
on
any
other
person’s
tax
return
for
the
26
base
year.
27
(3)
A
person
filing
a
claim
for
credit
under
this
subchapter
28
who
has
attained
the
age
of
seventy
sixty-five
years
on
or
29
before
December
31
of
the
base
year
,
who
has
a
household
income
30
of
less
than
two
hundred
fifty
percent
of
the
federal
poverty
31
level,
as
defined
by
the
most
recently
revised
poverty
income
32
guidelines
published
by
the
United
States
department
of
health
33
and
human
services,
and
is
domiciled
in
this
state
at
the
time
34
the
claim
is
filed
or
at
the
time
of
the
person’s
death
in
the
35
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case
of
a
claim
filed
by
the
executor
or
administrator
of
the
1
claimant’s
estate.
2
Sec.
2.
APPLICABILITY.
This
Act
applies
to
claims
under
3
chapter
425,
subchapter
II,
filed
on
or
after
January
1,
2026.
4
EXPLANATION
5
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
6
the
explanation’s
substance
by
the
members
of
the
general
assembly.
7
This
bill
modifies
the
eligibility
for
and
the
calculation
8
of
the
amount
of
the
property
tax
credit
under
Code
chapter
9
425,
subchapter
II.
10
Under
current
law,
a
person
filing
a
claim
for
the
property
11
tax
credit
who
is
at
least
65
years
of
age,
meets
certain
12
income
requirements,
and
does
not
meet
other
age
and
income
13
eligibility
criteria,
is
eligible
for
a
credit
based
on
income
14
equal
to
specified
percentages
of
property
taxes
due
under
15
the
schedule
in
Code
section
425.23(1)(a),
but
not
to
exceed
16
$1,000.
However,
if
the
person
filing
a
claim
for
the
property
17
tax
credit
is
at
least
70
years
of
age
and
has
a
household
18
income
of
less
than
250
percent
of
the
federal
poverty
level,
19
the
tentative
credit
amount
is
equal
to
the
greater
of
the
20
following:
(1)
the
amount
of
the
credit
as
calculated
under
21
the
schedule
of
credit
amounts
specified
in
Code
section
22
425.23(1)(a)
as
if
the
claimant
was
an
eligible
claimant
for
23
a
credit
under
that
provision;
and
(2)
the
difference
between
24
the
actual
amount
of
property
taxes
due
on
the
homestead
during
25
the
applicable
fiscal
year
minus
the
actual
amount
of
property
26
taxes
due
on
the
homestead
based
on
a
full
assessment
during
27
the
first
fiscal
year
for
which
the
claimant
filed
for
a
credit
28
calculated
under
the
Code
chapter
and
if
the
claimant
has
filed
29
for
the
credit
for
each
of
the
subsequent
fiscal
years
after
30
the
first
credit
claimed.
31
The
bill
modifies
the
eligibility
for
the
credit
under
32
current
law
available
to
claimants
who
have
reached
the
age
33
of
70
with
a
household
income
of
less
than
250
percent
of
the
34
federal
poverty
level
to
include
claimants
who
have
reached
the
35
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age
of
65
regardless
of
income
level.
1
The
bill
applies
to
claims
under
Code
chapter
425,
2
subchapter
II,
filed
on
or
after
January
1,
2026.
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