Iowa Senate approves disabled vets tax credit
DES MOINES – A bill meant to further relieve the financial stress of disabled veterans in the state has won the unanimous support of the Iowa Senate.
The Senate voted 50-0 Tuesday to expand a homestead tax credit already in place for disabled veterans. The legislation now goes to the House for consideration.
”In my floor remarks, I noted that this is one of the two highest priorities of Iowa veterans,” said state Sen. Daryl Beall, D-Fort Dodge. ”It provides homestead exemption for veterans with a 100 percent disability due to service-related injuries and to widows of troops killed in action or who died due to service-related illness or injury.”
”I am proud as chair of the Senate Veterans Affairs Committee to deliver this tangible thank you to our veterans,” he added.
Under current law, eligibility for the credit is limited to disabled veterans who have an income of $35,000 or less and have acquired their home through certain federal programs. The proposal would make the tax credit available to disabled veterans regardless of income and how the home was purchased, and extend the credit to surviving spouses or children.
Sen. Herman Quirmbach, a Democrat from Ames, says the bill is a small way to better help disabled veterans financially.
The Iowa Senate has already approved the other high priority bill for veterans. That measure exempts military retirement pay from state income tax. Beall said it was the first bill the Senate passed this year.
After the Senate passed the bill it went to the House of Representatives, which added some amendments to it, according to Beall. He said the measure as amended by the House awaits action by the Senate.