Connect With Us
                     

SPORTS

 

Iowa lawmakers approve tax credit for veterans

by KIX 101.1/ 1230 KFJB Sports Department posted Feb 27 2014 10:02AM

DES MOINES, Iowa (AP) — Veterans in Iowa would receive a larger property tax exemption under a bill approved by a legislative panel.

A three-member subcommittee unanimously approved the measure Wednesday. The legislation now goes to the full House Ways and Means Committee.

Under current law, a property tax credit of $1,852 is available only for certain veterans. The bill would increase the amount to $3,704 for all eligible veterans beginning July 1.

The state appropriates a set amount to local governments to offset these costs. Local governments wouldn't pay the additional credits in full unless state funding was sufficient.

Republican Rep. John Landon, who chairs the subcommittee, says discussion on the bill will continue.

Jimmy Centers, a spokesman for Gov. Terry Branstad, says he's open to any proposals designed to reduce taxes.


 
Filed Under :
Location : Des MoinesIowa
02/27/2014 9:56AM
Iowa lawmakers approve tax credit for veterans
Please Enter Your Comments Below
Title :
Comment :
On Air Now
Kix Listener Club
Recent Posts
Commission wants former Iowa prosecutor punished
Iowa sex offender facing commitment proceedings
New attractions planned for Hoover library in Iowa
Iowa official: Goat grazing plan is working
State urges action to avoid West Nile virus
Tag Cloud
No Tags Found !
Categories 
Archives