The Department of Veteran Affairs reports that there are 2,754 Iowa veterans who are 100 percent disabled; 60 percent of them own their home. In an effort to assist those who have served and sacrificed, the Iowa Senate has unanimously voted to expand the Disabled Veterans Homestead Tax Credit.
Under current law, the tax credit goes to disabled veterans who have an annual income of $35,000 or less and have acquired their home through certain federal programs for special adaptive housing because of a service-connected disability.
Senate File 2352 would make the tax credit available to any eligible veteran with a permanent and total disability due to service-related injuries regardless of income and how the home was purchased. The bill also extends the credit to surviving spouses or children of troops killed in action or who died because of service-related illness or injury, as certified by the U.S. Department of Veterans Affairs.
The legislation is now under consideration in the Iowa House.