This bill amends the provisions related to the additional property tax credit for elderly persons in Iowa. It modifies the definition of "claimant" to include individuals who are at least 65 years old, rather than the previous threshold of 70 years, thereby expanding eligibility for the property tax credit. The bill also removes specific income requirements that previously limited eligibility, allowing those aged 65 and older to qualify for the credit regardless of their household income level.

Additionally, the bill clarifies that the new eligibility criteria will apply to claims filed under Code chapter 425, subchapter II, starting January 1, 2026. This change aims to provide financial relief to a broader range of elderly individuals by simplifying the requirements for accessing property tax credits.

Statutes affected:
Introduced: 425.17