§ 425.9 — Credits in excess of tax — appeals — refunds

Iowa § 425.9

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 425: HOMESTEAD TAX CREDITS, EXEMPTIONS, AND REIMBURSEMENT

Text

1. If the amount of credit apportioned to any homestead under the provisions of this
subchapter in any year shall exceed the total tax, exclusive of any special assessments levied
against said homestead, then such excess shall be remitted by the county treasurer to the
department of revenue to be redeposited in the homestead credit fund and be reallocated
the following year by the department as provided in this subchapter.
2. If any claim for exemption or credit has been denied by the board of supervisors, and
such action is subsequently reversed on appeal, the exemption or credit shall be allowed on
the homestead involved in said appeal, and the director of revenue, the county auditor, and
thecountytreasurershallmakesuchexemptionorcreditandchangetheirbooksandrecords
accordingly.
3. In the event the appealing taxpayer has paid one or both of the installments of the tax
payable in the year or years in question on such homestead valuation, remittance shall be
made to such taxpayer of the amount of such credit or exemption.
4. The amount of such credit shall be allocated and paid from the surplus redeposited in
the homestead credit fund provided for in subsection 1.

Legislative History

[C39, §6943.150; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §425.9]