VetTOCVeteran benefits reference

Display

Text size100%

Iowa / State / 91st General Assembly, 2026 Regular Session

2026 Iowa Acts ch 1115 (S.F. 2472), §§ 132, 145, 147, 148 Repealed the disabled veteran tax credit section, re-enacted it at 425.1(2)(b), and cut the covered homestead from forty acres to half an acre for new applicants

Catalog reconciledEnactedProgram repealedScope changed

Signed Takes effect

Expands and restricts Re-enacted the disabled veteran credit but cut the covered homestead for new applicants to half an acre with no appurtenances.

Division XX of the 2026 property tax act struck Iowa Code section 425.1, subsection 2 and rewrote it so that the disabled veteran tax credit now sits at section 425.1, subsection 2, paragraph "b", then repealed section 425.15 outright at section 145. The four routes in, the full exemption of the entire amount of tax levied, the individual unemployability definition and the confidentiality provision all carried over. Two things changed. Section 425.1(2)(b)(6) provides that for an owner who applies before July 1, 2026 "homestead" keeps its section 425.11 meaning, and for an owner who applies on or after that date the homestead "shall not include appurtenances and shall not exceed one-half acre". The Iowa Department of Revenue states the prior measure as half an acre inside city limits and forty acres outside them, appurtenances included, so a rural claimant who files from July 1, 2026 loses the exemption on up to 39.5 acres and every outbuilding. Section 147 grandfathers owners who had already filed, without refiling. And section 425.1(2)(b)(3) now bars a claimant from the general homestead credit in paragraph "c" as well as from other veteran exemptions, where the old section 425.15, subsection 3 barred only the latter. Section 144 updated the lifetime trout fishing licence cross-reference in section 483A.24, subsection 20. Tracked and flagged because the Iowa Code edition published by the Legislative Services Agency was printed on December 9, 2025 and still serves section 425.15 as live law, so anyone reading the Code online reads a repealed section and cannot find the acreage limit; because the division applies retroactively to assessment years beginning on or after January 1, 2026; and because the July 1, 2026 filing cliff has already passed and cannot be recovered.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done,
  2. In committee Done, date not recorded
  3. Passed one chamber Done, Senate, 41-4
  4. Passed both chambers Done, House, 64-23
  5. Signed by the governor Done,
  6. In effect Done,

Sponsors

  • Senate Committee on Ways and MeansSponsor, Senate

What it touches

  • Iowa Code § 425.1
  • Iowa Code § 425.15
  • Iowa Code § 483A.24
  • Iowa Code § 25B.7

Catalog entries (3)

Official record

Read 2026 Iowa Acts ch 1115 (S.F. 2472), §§ 132, 145, 147, 148 on the jurisdiction's own record