House committee approves larger property tax exemption for vets - KWWL - Eastern Iowa Breaking News, Weather, Closings

House committee approves larger property tax exemption for vets

Posted: Updated:
DES MOINES (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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KWWL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Sandy Youngblut at 319-291-1259. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.