This text of Iowa § 425A.4 (Claim for credit) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
1.To apply for the credit, the person shall deliver to the county assessor a verified
statement and designation of the tracts of agricultural land for which the credit is claimed.
The assessor shall return the statement and designation on or before November 15 of
each year to the county board of supervisors with a recommendation for allowance or
disallowance. A claim for credit filed after November 1 of the year shall be considered as a
claim filed for the following year.
2.The county board of supervisors in each county shall examine all claims delivered to
county assessors, and shall either allow or disallow the claims, and if disallowed shall send
notice of disallowance by regular mail to the claimant at the claimant’s last known address.
The claimant may appeal the decision of the boa
Free access — add to your briefcase to read the full text and ask questions with AI
1. To apply for the credit, the person shall deliver to the county assessor a verified
statement and designation of the tracts of agricultural land for which the credit is claimed.
The assessor shall return the statement and designation on or before November 15 of
each year to the county board of supervisors with a recommendation for allowance or
disallowance. A claim for credit filed after November 1 of the year shall be considered as a
claim filed for the following year.
2. The county board of supervisors in each county shall examine all claims delivered to
county assessors, and shall either allow or disallow the claims, and if disallowed shall send
notice of disallowance by regular mail to the claimant at the claimant’s last known address.
The claimant may appeal the decision of the board to the district court in which the tract for
which the credit is claimed is situated by giving written notice of the appeal to the county
board of supervisors within twenty days from the date of the mailing of the notice of the
decision of the board of supervisors.
3. Upon the filing and allowance of the claim, the claim shall be allowed on that tract for
successive years without further filing as long as the property is legally or equitably owned
by that person or that person’s spouse on July 1 of each of those successive years, and the
designated person who is actively engaged in farming remains the same during these years.
When the property is sold or transferred, the buyer or transferee who wishes to qualify shall
file for the credit. However, when the property is transferred as part of a distribution made
pursuant to chapter 598, the transferee who is the spouse retaining ownership of the property
is not required to file for the credit. In the case where the owner remains the same but the
person who is actively engaged in farming changes, the owner shall refile for the credit. The
owner shall provide written notice if the person actively engaged in farming changes.
4. The assessor shall retain a permanent file of current family farm credit claims filed in
the assessor’s office.
5. The county recorder shall give notice to the assessor of each transfer of title filed in
the recorder’s office. The notice shall describe the tract of agricultural land transferred, the
name of the person transferring the title to the tract, and the name of the person to whom
title to the tract has been transferred.