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IA SF2124
Bill
Status
Introduced
1/27/2026
Primary Sponsor
Sandy Salmon
Click for details
AI Summary
- Expands Iowa's disabled veteran homestead tax credit to veterans with permanent service-connected disability ratings below 100%, with a phased implementation based on disability percentage thresholds.
- Beginning July 1, 2027 (fiscal year), veterans with disability ratings of 70-99% become eligible for a credit equal to the greater of the standard homestead credit or a percentage of property tax equivalent to their disability rating.
- Beginning July 1, 2028, eligibility expands to veterans with disability ratings of 40-99%.
- Beginning July 1, 2029 and thereafter, eligibility extends to all veterans with disability ratings of 10-99%.
- Extends credit eligibility to former National Guard members who meet specified service requirements and includes provisions continuing the credit to surviving spouses and children of deceased eligible veterans.
Legislative Description
A bill for an act relating to the disabled veteran homestead tax credit and including effective date and retroactive applicability provisions.
Last Action
Subcommittee: Salmon, Townsend, and Warme. S.J. 171.
1/29/2026
Committee Referrals
Veterans Affairs1/27/2026
Full Bill Text
No bill text available