Iowa Admin. Code r. 701-104.1

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 701-104.1 - Eligible claimants

The property tax credit and rent reimbursement programs are available to claimants who:

(1) were at least 23 years of age or a head of household on December 31 of the base year,

(2) were not or will not be claimed as a dependent on another person's federal or state income tax return for the base year in the case of a claimant who is not disabled or at least 65 years of age,

(3) did not have household income in excess of the indexed amount determined pursuant to Iowa Code section 425.23(4) during the base year, and

(4) are domiciled in Iowa at the time the claim is filed or were at the time of the claimant's death.

In the case of a claim for rent reimbursement, the claimant must have occupied and rented the property during any part of the base year. In the case of a claim for property tax credit, the claimant must have occupied the property during any part of the fiscal year beginning July 1 of the base year.

If a homestead is occupied by two or more eligible claimants, each person may file a claim based upon each person's income and each person's share of the rent paid or property taxes due.

The computed credit or reimbursement shall be determined in accordance with the applicable schedule provided in Iowa Code section 425.23(1) as adjusted by the indexed amount determined in section 425.23(4).

This rule is intended to implement Iowa Code section 425.17(2) as amended by 1999 Iowa Acts, chapter 152, and section 425.23, and is effective for property tax credit and rent reimbursement claims filed on or after January 1, 2000.

Iowa Admin. Code r. 701-104.1

Editorial change: IAC Supplement 11/2/22